Is AI About to Take Your Job? Not So Fast, Says Sam Altman

What we’ll cover today:

🤖 Is AI About to Take Your Job? Not So Fast, Says Sam Altman

📉 Jim Covello Predicts A.I. Boom Will Slow as Companies Cut Spending

💼 AI will create jobs, but repetitive roles will decline

🔗 The Event Roundup

Is AI About to Take Your Job? Not So Fast, Says Sam Altman

AI’s coming, but it’s not here to steal your job.

OpenAI’s CEO Sam Altman says AI will handle the boring stuff, giving us more time for the fun, creative work.

Here’s the scoop:

• AI takes care of routine tasks.

• It’s set to shake up healthcare and education.

• Oh, and it might even help save the planet by tackling climate change.

The catch? We must ensure AI’s benefits reach everyone, or things could get messy.

Altman’s advice: plan smart as we head into the "Intelligence Age."

Here’s the whole article 

1. Jim Covello Predicts A.I. Boom Will Slow as Companies Cut Spending

Will A.I. Be a Bust?

Jim Covello, Goldman Sachs’s head of stock research, warned that building too much of what the world doesn’t need “typically ends badly.”

Here’s the whole article

2. AI will create jobs, but repetitive roles will decline

Deloitte South Asia CEO Romal Shetty said that the tool could potentially create new jobs, but it may also affect some current functions involving repetitive tasks.

“...Where something is repetitive and commoditised, those jobs could be lost but will there be new jobs created, new roles created? Hundred per cent and absolutely,” he said.

Here’s the whole article

1. Duolingo unveils new AI features and music expansion at Duocon 2024.

Mobile learning app Duolingo recently introduced two major features: Video Calls and Adventures. These features aim to enhance language learning through artificial intelligence (AI).

2. Microsoft announced a USD 1.3 billion investment in cloud and AI infrastructure.

During his keynote at the Microsoft AI Tour 2024 in Mexico City, Chairman and CEO Satya Nadella it was announced that Microsoft Corporation is reaffirming its commitment to the country. 

He revealed a new investment of $1.3 billion over the next three years to enhance AI infrastructure and initiatives to promote digital and AI skills.

3. Russia produced most AI content to sway the presidential vote.

Russia has generated more AI content to influence the U.S. presidential election than any other foreign power as part of its broader effort to boost Republican candidate Donald Trump over Democrat Kamala Harris, a U.S. intelligence official said.