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☆ The layoffs are here for those who chose to 'learn to code'
▼ + stars: | 2023-04-24 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

But for those who chose to "learn to code," Vox reported the wave of layoffs in 2023 is challenging that notion. "If we look at 2023 layoffs, it's software engineers who have overtaken recruiters in layoffs," Ayas told Insider. This shift also signals a change in focus for company layoffs, Ayas said. Since then, Revelio's new data suggests that nearly 5% of tech company layoffs impacted recruiters — the position that saw the most layoffs after software engineers. What started as a wave of layoffs in the tech industry has now rippled to the finance and media industries as well.

☆ ChatGPT and Generative AI: Our Guide to 2023's Most Talked-About Technology
▼ + stars: | 2023-04-19 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +2 min

ChatGPT brought generative AI into the limelight when it hit 1 million users in five days. We unpack what you need to know: How does generative AI work? But an estimated 450 startups and several new funds for generative AI indicate a hot market and high hopes for growth. Copywriters, designers, coders, photo and video editors, and even strategists now have access to generative AI tools that can simplify their day-to-day tasks. Want to learn more about ChatGPT and Generative AI?

☆ How ChatGPT is changing the job hiring process, from the HR department to coders
▼ + stars: | 2023-04-08 | by ( Kevin Travers | Special To Cnbc.Com | ) www.cnbc.com time to read: +5 min

But how many business leaders are currently using AI tech in day-to-day operations or plan to? Half of the companies ResumeBuilder surveyed in February said they are using ChatGPT; 30% said they plan to do so. Since the survey was completed, more professionals have started using generative AI. There has been a growing concern that generative AI could replace jobs, and perhaps not the ones most expected. On the hiring side, 82% of respondents said they had used generative AI for hiring in a recent ResumeBuilder update.

☆ Goldman Sachs is exploring use cases for large language models, the same AI fueling ChatGPT. Here's 3 areas where the bank is experimenting with the tech.
▼ + stars: | 2023-03-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Large language models, the form of AI behind ChatGPT, could transform how Wall Street does business. With advances in generative AI and large language models, the realm of possibilities have been blown way open. Argenti and Tsementzis outlined three ways Goldman is experimenting with large language models. Summarizing and extracting data from documentsGoldman's document-management process stands to improve from the use of generative AI, Argenti said. Helping engineers parse through code documentationA big time suck for software engineers is figuring out other peoples' code, Argenti said.

☆ I used GPT4 to build two new video games after ChatGPT helped me write a children's book. It makes coding approachable — even if it seems like it's only half-listening.
▼ + stars: | 2023-03-25 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Ammaar Reshi a self-described "novice coder" used GPT-4 to code two games in JavaScript. He said GPT-4 makes coding more approachable even if it requires some trial and error. Building a game just takes imagination and a promptThe first game I built was a snake game, which is a sort of classic arcade game. Coding with GPT-4 sort feels like talking to someone who's only half-listening to you. I used code from another AI assistant called Claude to get the spaceship moving again.

☆ Failure of Silicon Valley Bank Mirrors the Myth of the Wild West
▼ + stars: | 2023-03-19 | by ( Adam Rogers | ) www.businessinsider.com time to read: +10 min

As Silicon Valley Bank went down the tubes, it wasn't surprising that the loudest mouths in Techworld started demanding that the federal government cover everyone's losses. They were pioneers on the frontier of tech and finance, and as such they acted the way pioneers always do. Myths of the frontiersIt's unfashionable for people in the tech industry to dispute the central role that government-funded infrastructure and academic projects have played in the development of Silicon Valley and the digital age. Shout down into Silicon Valley and you'll hear echoes of this same pioneer myth. They see themselves as heroes not of a Western frontier but of space — the Final one — as refracted by the legendary writers of the Golden Age of Science Fiction.

☆ Despite mass layoffs led by Meta, it's still hard to hire the right tech talent
▼ + stars: | 2023-03-18 | by ( Kevin Travers | ) www.cnbc.com time to read: +6 min

Even so, it's harder to find and retain tech talent, according to a survey of 1,000 human resources professionals by General Assembly, a professional placement and talent recruitment firm. "I think it's better for tech talent because they are not confined to looking for a job at a 'tech company,'" she said. Create a vision, not just a jobParticularly when it comes to specialized talent, companies have to be intentional. It's about listeningColangelo said success in hiring tech talent comes down to listening well. As for the overall tech talent market, Colangelo said the supply and demand equation may be coming back into better balance.

☆ Amazon just asked its software engineers to start using a new in-house AI tool, rather than ChatGPT
▼ + stars: | 2023-03-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon CEO Andy Jassy told employees last month that generative AI is a "significant area of focus" for the company. Amazon wants its engineers to start using its own ChatGPT-like artificial intelligence tool at work, as it looks to catch up in the AI chatbot space, Insider has learned. "Amazon CodeWhisperer is an AI-powered coding assistant that provides real-time recommendations in your IDE based on your existing code and comments," the email, titled "Start using Amazon CodeWhisperer today," said. The move signals Amazon's behind-the-scenes efforts to join the AI chatbot race, where it has been noticeably absent in the public space. He also said Amazon's investment in this space will only increase, highlighting the maturation of generative AI, which powers many of the AI chatbots.

☆ UK employers feel the strain of missing skilled workers
▼ + stars: | 2023-03-14 | by ( William Schomberg | ) www.reuters.com time to read: +8 min

But past attempts to train up more workers have seen the problem get worse by some measures, and any big improvement to the post-16 skills system is likely to take years. TRAINING REVAMPWithout a rapid overhaul of the training system, Britain's pool of highly skilled adults is likely to shrink further relative to other countries, the OECD has warned. Employers groups are calling on Hunt to tackle a key part of how training is funded in his budget speech. Corporate leaders acknowledge employers also need to do more themselves, and prioritize training even in lean times. "You're slowing down really quite a lot to go at the pace of the education system," he said of his company, which began as a print management firm in 1996.

☆ Companies Are Laying Off Middle Managers, That's a Huge Mistake
▼ + stars: | 2023-03-13 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

But in recent weeks, as companies brace for tougher times ahead, the assault on middle managers has picked up new steam. At Meta, Mark Zuckerberg is eliminating layers of middle management, demoting many supervisors to the ranks of the supervised. Zuckerberg offered a telling explanation for his decision: He doesn't want to have "managers managing managers, managing managers, managing managers, managing the people who are doing the work." In the UKG survey, 42% of middle managers said they were often or always stressed — a higher share than either frontline workers or C-suite executives. The businesses most likely to weather the current economic turmoil, Harter says, are those that unlock the hidden value of middle managers.

☆ Programmers are pumped by the rise of ChatGPT, because it makes their jobs easier and helps people to find a lucrative career in tech
▼ + stars: | 2023-03-03 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

People worry about their jobs, as ChatGPT and AI slowly become powerful enough to replace workers. But one group of workers sees ChatGPT as good for their industry: Programmers. Programmers said AI makes their work faster and opens up new job opportunities. There are still places for human programmers to shine, says Armory's Frank. But changes to the tech industry are on their way.

☆ 42% of IT professionals will quit in the next 6 months. Here's how the right software can help them avoid burnout.
▼ + stars: | 2023-03-01 | by ( Sponsor Post | Created Insider Studios With Goto | ) www.businessinsider.com time to read: +8 min

The right software can help businesses who can't find the staff they need. Worldwide the talent shortage could result in unrealized output of $449.70 billion. Alarming numbers underscore the fact that the talent shortage is everywhere. GoTo Resolve can help irrigate the IT desert by providing remote access troubleshooting, support, ticketing, and camera sharing a click away. Essentially, many of the services an enterprise needs to hire for can be procured through Rescue and GoTo Resolve.

Shortly after the release of OpenAI’s ChatGPT in November, Jeff Maggioncalda , the CEO of online education company Coursera Inc., jumped into the technology to see if it could save him time. He began using the chatbot to draft company letters and notes, and asked his executive assistant to try the same for drafting replies to his inbound emails. She prompts ChatGPT based on how she thinks he would respond, and he edits the answers it generates before sending.

☆ The tech meltdown comes for Gen Z
▼ + stars: | 2023-02-14 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

The tech industry was teetering, and she wondered whether the future she had banked on would survive. On Handshake, a leading jobs board for college students, entry-level software positions in the tech industry slumped 14% last year. "I'm finding that students are pivoting to organizations that have IT functions but are not in the tech industry," says Laura Garcia, director of career education at Georgia Tech. Given the seismic downturn in tech, some students are rethinking their dreams of working for the Amazons and Googles and Metas of the world. Suddenly, in the eyes of Gen Z, tech seems to be just as ruthless and unreliable of an employer as banking did to millennials who came of age in the Great Recession.

☆ Jobs of the Future: ChatGPT, AI Will Create Careers That Need Humans
▼ + stars: | 2023-02-12 | by ( Paris Marx | ) www.businessinsider.com time to read: +14 min

Automation technology has ushered in a fleet of secret workers behind screens, machines, and smiling robot faces. On the AI side, tools like ChatGPT have been used to write real articles and take college exams. Truck drivers are still in high demand, and self-driving technology is nowhere near replacing human jobs. The human behind the curtainAmid the fear-mongering about a robot takeover, people often miss the degree to which machines still require human workers in order to function. Maja Hitij/Getty ImagesThese technologies are often deployed to de-skill work — jobs are broken down into more specific tasks and can be done with less training.

☆ The week that tech became exciting again
▼ + stars: | 2023-02-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN Business —Let’s be honest: For much of the past decade, tech events have been pretty boring. In each case, the changes were powered by new AI technology that allows for more conversational and complex responses. And there are already rumors of another event next month for Microsoft to demo similar features in its Office products, including Word, PowerPoint and Outlook. Chinese tech giants Alibaba and Baidu also said this week that they would be launching their own ChatGPT-style services. Microsoft employee Alex Buscher demonstrates a search feature integration of Microsoft Bing search engine and Edge browser with OpenAI on Tuesday, Feb. 7, 2023, in Redmond.

☆ ChatGPT creator OpenAI might be training its AI technology to replace some software engineers, report says
▼ + stars: | 2023-01-27 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

OpenAI has quietly hired hundreds of international contractors to help train its AI tech, according to Semafor. Some are teaching software engineering to AI, potentially paving the way to replace some human coders. The engineer told Semafor he thinks the company wants to feed the training data into its AI technology. OpenAI is also the owner of the buzzy AI chatbot, ChatGPT. Software engineering might be added to the list next.

☆ Gautam Adani, Asia's richest man, is addicted to ChatGPT
▼ + stars: | 2023-01-23 | by ( Diksha Madhok | ) edition.cnn.com time to read: +4 min

New Delhi CNN —Asia’s richest man Gautam Adani says he is addicted to ChatGPT, the powerful new AI tool that interacts with users in an eerily convincing and conversational way. “But there can be no doubt that generative AI will have massive ramifications,” Adani wrote in his post, adding that generative AI holds the “same potential and danger” as silicon chips. Chipmaking has emerged recently as a new flashpoint in US-China tensions, with Washington blocking sales of advanced computer chips and chip-making equipment to Chinese companies. Many of Adani companies have become leading players in their respective sectors. A college dropout and a self-made industrialist, Adani is worth over $120 billion, making him the world’s third richest man, ahead of Jeff Bezos and Bill Gates.

☆ JPMorgan CEO says remote work isn't good for young people and managers, but can be 'perfectly reasonable' for coders and women with caregiver concerns
▼ + stars: | 2023-01-21 | by ( ) www.businessinsider.com time to read: +3 min

JPMorgan CEO Jamie Dimon said in a CNBC interview that remote work is "perfectly reasonable to help women." Remote work is reasonable for some jobs, Dimon said, but it doesn't work for "young kids" and managers. "I think it's perfectly reasonable to help women," Dimon said during an interview Thursday from Davos, Switzerland where the World Economic Forum is being held. Dimon also said there are jobs where remote work is "perfectly reasonable," like writing a book, or doing research or coding. "It doesn't work for young kids, it doesn't work for spontaneity, it doesn't really work for management," Dimon told Squawkbox of working remote.

☆ ChatGPT: CEOs at Davos are using it to write work emails
▼ + stars: | 2023-01-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

Davos, Switzerland CNN —Jeff Maggioncalda, the CEO of online learning provider Coursera, said that when he first tried ChatGPT, he was “dumbstruck.” Now, it’s part of his daily routine. He uses the powerful new AI chatbot tool to bang out emails. Maggioncalda is one of thousands of business leaders, politicians and academics gathered in Davos, Switzerland this week for the World Economic Forum. He’s also used the platform to write emails and claims no one has noticed the difference. He even had it perform some accounting work, a service for which Tradeshift currently employs an expensive professional services firm.

☆ Allbirds Were the Tech Bro ‘It’ Shoe. Then the Tech Bros Moved On.
▼ + stars: | 2022-12-24 | by ( Jamie Waters | ) www.wsj.com time to read: 1 min

AUSTEN ALLRED is a pretty typical tech guy. Until Covid, he lived in an affluent San Francisco neighborhood (he’s now based in Ephraim, Utah). Pre-pandemic, Allbirds were the dominant shoes among the clients of San Francisco dating coach Eddie Hernandez, including many tech professionals. Silicon Valley personal brander and stylist Victoria Hitchcock, most of whose 100 clients are dot-com types, has observed a similar disappearing act. Though she says she’s never advised anyone to buy Allbirds, about 40 of her clients sported them in 2019, she recalled.

☆ It's time to revive the 'pink-slip parties' of the early 2000s
▼ + stars: | 2022-12-23 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

First: Remember "pink-slip parties"? Now, 20-some years later, pink-slip parties are being floated as a way to ameliorate the pain felt by recently laid-off tech workers. Pink-slip parties originated with the dot-com bubble burst, when laid-off employees would gather to commiserate, laugh, drink, and meet prospective hiring managers. Hemming began running regular meetups for laid-off tech workers — misery loves company, after all — giving them an opportunity to network. She shared her thoughts on everything from the current hiring landscape to the benefits of pink-slip parties for younger generations.

☆ 2 coders made a teleprompter AI that suggests smart things to say during your work meetings
▼ + stars: | 2022-12-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Two coders shared a demo of Tele-Prompt, an AI that generates things to say during work meetings. Tele-Prompt uses natural language processing to suggest sales advice and slogans meant to inspire. The company behind ChatGPT, OpenAI, announced the AI had attracted 1 million users five days after its launch. Coder Georgi Gerganov, for instance, revamped the Tele-Prompt so that the bot can run on an iPhone, according to a demo he tweeted. As technology continues to advance, Gross tweeted that AI language models are "a really interesting area of exploration."

☆ Many laid-off tech workers are bouncing back stronger than ever. Here's why.
▼ + stars: | 2022-12-15 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I'm almost certain that this prescient verse was talking about how over half the tech workers who got laid off recently are now earning more than what they made before, according to new analysis. Laid-off tech workers are actually finding jobs quickly. Because tech workers are typically college-educated, with specialized skills in high demand across many industries, their chances of finding new jobs are pretty good in any economy. But right now, those odds are unusually good — and many tech workers are bouncing back stronger than ever. Even though tech companies are doing terribly right now, a lot of businesses in other industries are fine.

☆ The hidden upside of tech layoffs
▼ + stars: | 2022-12-14 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

In the midst of a wave of wholesale layoffs, many tech workers are somehow bouncing back stronger than ever. Ayas and her colleagues analyzed the fate of laid-off tech workers by looking at data from Parachute and Layoffs.fyi, both of which compile information provided by out-of-work employees. Today, not only are laid-off tech workers finding jobs quickly, Revelio Labs found, but 52% are actually earning more than they were before. That's not to say that laid-off tech workers will continue to face great job prospects forever. If the layoffs continue, the economy will eventually become oversaturated with tech workers — at which point their job searches will take longer, and more will be forced to accept lower salaries.

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