Is Gen AI the Future or a Threat to Our Jobs?

What we’ll cover today:

• ⚡ Is Gen AI the Future or a Threat?

• 📈 Startup Ideas- Greg Isenberg.

• 🤖 AI in Second Grade: A Lesson in Deepfakes

• 🔗 The Event Roundup.

Is Gen AI the Future or a Threat?

Generative AI is shaking up industries everywhere.

But what does that mean for the rest of us?

The World Bank’s latest report, "Generative AI: Catalyst for Growth or Harbinger of Premature De-Professionalization?" gives us some answers.

Here are the key takeaways:

• AI could either supercharge global economies or disrupt high-skill job markets like finance and tech.

• Widespread adoption is crucial—if AI remains limited to a few sectors, its growth potential may fall short.

• Job displacement is a real risk, with many facing job losses if AI replaces specialised roles.

• Developing countries must act fast to integrate AI or risk being left behind in the global economy.

• The future of work is at a crossroads—AI could create new industries or widen inequality and underemployment.

So, is AI the ultimate growth engine, or are we walking into a job crisis?

Here’s the whole article

1. Startup Ideas- Greg Isenberg.

This is a thread by Greg Isenberg.

Greg Isenberg is a Canadian entrepreneur, investor, and community-building expert. 

He is the CEO and co-founder of Late Checkout, a product studio and agency that focuses on building and investing in community-driven products.

He recently tweeted about 12 startups you can start including: 

1. AI-driven email signature A/B tester

2.  AI-powered legal loophole finder

And more!

Here’s The Tweet

2. AI in Second Grade: A Lesson in Deepfakes.

This article is by Tony Barboza, an editorial at Los Angeles Times..

He wrote about the rapid rise of AI and the concerns it brings, including job displacement, ethical dilemmas, and regulatory challenges.

He later adds, "Even those who helped build this technology are now worried it might spiral out of control, impacting millions of lives."

Here’s The Article

1. Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz.

According to a report from VC firm Accel, venture funding for cloud startups in the U.S., Europe and Israel this year is projected to rise 27% year-over-year, increasing for the first time in three years.

Accel said that out of the $79.2 billion total raised by cloud firms, 40% of all funding went to generative AI startups.

2. Jensen Huang and Mukesh Ambani to discuss India’s AI future at NVIDIA AI summit in Mumbai.

Huang’s visit marks a continuation of NVIDIA’s collaboration with Indian companies, including Reliance, Tata, and Infosys, to enhance India’s AI startup ecosystem and reskill the IT workforce. 

The summit, which will be held from October 23 to 25 at the Jio World Convention Centre in Mumbai, will include presentations, workshops, and networking opportunities.

3. Mistral releases new AI models optimised for laptops and phones.

French AI startup Mistral has released its first generative AI models designed to be run on edge devices, like laptops and phones.

The new family of models, which Mistral calls “Les Ministraux,” can be used or tuned for various applications, from basic text generation to working in conjunction with more capable models to complete tasks.