Generative AI set to affect 300 million jobs across major economies

[Anonymous]

We're all f'ed.

[Anonymous]

Anonymous wrote:We're all f'ed.

Agree. I saw an article on yahoo today saying that today’s AI is still primitive—it’s like the AOL dial-up age of the Internet. Remember “You’ve got mail?” The future of AI is unlimited. It will be far smarter than any human being.

[Anonymous]

On the computing front, quantum computing will make today’s supercomputers look like ka-ching cash registers of the 1970’s. (Some of us might be old enough to remember.)

[Anonymous]

Anonymous wrote:On the computing front, quantum computing will make today’s supercomputers look like ka-ching cash registers of the 1970’s. (Some of us might be old enough to remember.)

Already at 65 q-bits.

[Anonymous]

Crazy how fast computers (hardware and software) advance.

Maybe in the near future all newborn babies will have chip implants in their brains just to give them a chance to compete for college admissions. ☹️

[Anonymous]

Are all of these Chicken Littles sponsored by the PRC to freak out the American populace? You remind me of the people who freaked out when computers replaced typewriters. Learn from history

[Anonymous]

Robots might keep us around as pets.

[Anonymous]

Anonymous wrote:Robots might keep us around as pets.

Would love to keep a robot as a pet but looks like the relationship will be reversed 🤩

[Anonymous]

Anonymous wrote:Are all of these Chicken Littles sponsored by the PRC to freak out the American populace? You remind me of the people who freaked out when computers replaced typewriters. Learn from history

Talking about PRC, PLA openly said the ultimate form of warfare will be mind control. Openly admitted it. They are not bound by any moral constraints.

[Anonymous]

We've reaped many benefits from tech in the last generation but at the same time we've introduced plenty of social and cultural problems too. As well as friction, too. Notice how smart tech appliances have much shorter life spans than older appliances? Notice how we now need phones that have to replaced every few years? Notice the widespread addiction to tech apps?

I am a bit leery of AI. It is unknown technology. And part of me wants to say, stop, hold on. As tech goes, we're in a decent place. What more do we really need? Why do we need more innovation? To do what? Ok, healthcare is one area. But outside healthcare, I see minimal need for tech improvements. Can't we take a 10 year break and revisit the question?

[Anonymous]

Anonymous wrote:The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. Lawyers and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/

Assuming this comes true and 25% of the jobs in the US are replaced by AI, how do those people make money/make a living? if they don't who will buy all the junk that is stocked at stores like costco, bestbuy, safeway etc? If the answer is no one, how will those companies stay afloat? If they can't what does that do to the companies that depend on selling software (including AI) to those companies? To the global economy that pretty much depends on exports to US and EU to grow?

If 25% of the workforce is laid off (and no, the vast majority of them don't want UBI or other handouts) that would be the end of the US economy, and by extension, the global economy.. There will be blood on the streets (and not figurative kind that Warren Buffet talks about). I don't think Governments will allow this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. Lawyers and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/

Assuming this comes true and 25% of the jobs in the US are replaced by AI, how do those people make money/make a living? if they don't who will buy all the junk that is stocked at stores like costco, bestbuy, safeway etc? If the answer is no one, how will those companies stay afloat? If they can't what does that do to the companies that depend on selling software (including AI) to those companies? To the global economy that pretty much depends on exports to US and EU to grow?

If 25% of the workforce is laid off (and no, the vast majority of them don't want UBI or other handouts) that would be the end of the US economy, and by extension, the global economy.. There will be blood on the streets (and not figurative kind that Warren Buffet talks about). I don't think Governments will allow this.

UBI is not considered a handout--it's a recognition that our collective culture produced technological advances that afforded wealth and that everyone should be paid a dividend. If everyone's basic needs are met, people who want to work can find work that is fulfilling and pays low or be paid very well for the existing jobs that really need to be done. I think people need to seriously consider this--there aren't good alternatives.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. Lawyers and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/

Assuming this comes true and 25% of the jobs in the US are replaced by AI, how do those people make money/make a living? if they don't who will buy all the junk that is stocked at stores like costco, bestbuy, safeway etc? If the answer is no one, how will those companies stay afloat? If they can't what does that do to the companies that depend on selling software (including AI) to those companies? To the global economy that pretty much depends on exports to US and EU to grow?

If 25% of the workforce is laid off (and no, the vast majority of them don't want UBI or other handouts) that would be the end of the US economy, and by extension, the global economy.. There will be blood on the streets (and not figurative kind that Warren Buffet talks about). I don't think Governments will allow this.

UBI is not considered a handout--it's a recognition that our collective culture produced technological advances that afforded wealth and that everyone should be paid a dividend. If everyone's basic needs are met, people who want to work can find work that is fulfilling and pays low or be paid very well for the existing jobs that really need to be done. I think people need to seriously consider this--there aren't good alternatives.

We say what happens when people get money to spend and have free time on their hands during Covid.. Also, IMHO, the days of UBI are way in the distant future. Congress will never approve such a thing until we erase our debt and get into budget surpluses consistently. Even then, they will want to first cut taxes, hugely, before they get to UBI. Any UBI that is approved will be just enough to maybe buy a small mac, once a day.

[Anonymous]

*say=saw

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs.

The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a productivity boom that would eventually raise annual global gross domestic product by 7 percent over a 10-year period.

But if the technology lived up to its promise, it would also bring “significant disruption” to the labor market, exposing the equivalent of 300 million full-time workers across big economies to automation, according to Joseph Briggs and Devesh Kodnani, the paper’s authors. Lawyers and administrative staff would be among those at greatest risk of becoming redundant.

https://arstechnica.com/information-technology/2023/03/generative-ai-set-to-affect-300-million-jobs-across-major-economies/

Assuming this comes true and 25% of the jobs in the US are replaced by AI, how do those people make money/make a living? if they don't who will buy all the junk that is stocked at stores like costco, bestbuy, safeway etc? If the answer is no one, how will those companies stay afloat? If they can't what does that do to the companies that depend on selling software (including AI) to those companies? To the global economy that pretty much depends on exports to US and EU to grow?

If 25% of the workforce is laid off (and no, the vast majority of them don't want UBI or other handouts) that would be the end of the US economy, and by extension, the global economy.. There will be blood on the streets (and not figurative kind that Warren Buffet talks about). I don't think Governments will allow this.

UBI is not considered a handout--it's a recognition that our collective culture produced technological advances that afforded wealth and that everyone should be paid a dividend. If everyone's basic needs are met, people who want to work can find work that is fulfilling and pays low or be paid very well for the existing jobs that really need to be done. I think people need to seriously consider this--there aren't good alternatives.

Yes, the Star Trek utopia: https://en.wikipedia.org/wiki/Trekonomics