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☆ Nvidia CEO Jensen Huang says AI will do parts of some jobs 1,000 times better — but it won't completely replace people
  + stars: | 2024-10-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +2 min
Jensen Huang says AI can enhance jobs — but won't replace humans entirely. AI could perform parts of some jobs up to 1,000 times better but not replace entire roles, he said. AdvertisementNvidia CEO Jensen Huang anticipates AI will do parts of some jobs 1,000 times better — but it will never replace the actual humans doing those roles. "Depending on the jobs we do, it could do 20% of our jobs 1000 times better. He previously said that he wanted Nvidia to be a company with "100 million AI assistants."
Persons: Jensen Huang, —, Huang, Kweilin, Goldman Sachs Organizations: Nvidia, Service, McKinsey Locations: Mumbai, India
☆ AI could force 12 million workers to switch jobs in coming years, causing unprecedented competition
  + stars: | 2024-07-27 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +5 min
Advertisement"We see a higher polarization of the job market," Petropoulos told Business Insider in an interview. Though he didn't have an exact estimate, Petropoulos expects higher unemployment among medium-skilled workers as the economy transitions to an AI-run job market. "The typical job will require a higher level of skills than it did before," Ellingrud said of increased competition in the job market. It absolutely is already," Maggioncalda told BI, noting that workers who don't upskill will have trouble in the job market. It could take years for a worker displaced by AI to retrain and make themselves more competitive in a job market more heavily integrated with AI, Ellingrud speculates.
Persons: —, Georgios Petropoulos, Petropoulos, Ellingrud, That's, Jeff Maggioncalda, Maggioncalda, GPT, It's, didn't Organizations: Service, Massachusetts Institute of Technology, Business, McKinsey Global Institute, McKinsey, Microsoft
☆ AI could disrupt the job market by 2030 as severely as COVID did in 2020
  + stars: | 2024-06-01 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +1 min
AI will force about 12 million workers to change jobs by 2030, a McKinsey partner said on Thursday. Job losses will hit four key sectors, including administrative, customer service, and manufacturing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AI is going to disrupt a lot of jobs in the coming years. "That's about, give or take, the pace of occupational transitions we had during COVID."
Persons: —, Kweilin Organizations: McKinsey, Service, Global Institute, Business
☆ The biggest winners — and losers — in the coming AI job apocalypse
  + stars: | 2023-11-01 | by ( Emil Skandul | ) www.businessinsider.com   time to read: +10 min
In fact, as other long-term trends take hold, many of these working-class roles are poised for a job explosion. While manufacturing jobs as a whole are expected to stay flat, spending in this industry has boomed to $200 billion each year, tripling in the past five years. "What characterizes the physical labor jobs that are safe for the next five or 10 years are things that are in an unpredictable physical environment," Kweilin Ellingrud, a McKinsey Global Institute director, told me. Instead of replacing these jobs, AI will likely benefit specific roles by making it easier to do the most routine parts of the job. He added: "There are these jobs that are in a middle ground where the physical work may remain but the supervision might be more exposed."
Persons: plumbers, Philip Levine, there's, Mark Muro, barometers, OpenAI, Ellingrud, Muro, Emil Skandul, Tony Blair Organizations: Ford, US Bureau of Labor Statistics, Brookings Institution, Accenture, Bureau of Labor Statistics, McKinsey, McKinsey Global Institute, Research, Tony Blair Institute Locations: American, America
☆ We spoke with more than 50 CEOs, billionaires, execs, and government officials in Davos. Here are our 4 biggest takeaways.
  + stars: | 2023-01-25 | by ( Matt Turner | Cadie Thompson | ) www.businessinsider.com   time to read: +10 min
Insider's Matt Turner and Cadie Thompson share their biggest takeaways from the World Economic Forum. More than 1,500 business leaders descended on Davos in the Swiss Alps last week for the World Economic Forum's annual meeting. The week of Davos, Alphabet published an explainer on its approach to AI signed by execs including CEO Sundar Pichai. "With every technology, there is good and then there's bad," Rima Qureshi, Verizon's chief strategy officer, told Insider. Several of those who spoke with Insider highlighted the need for much-greater collaboration among companies — and a willingness to experiment.
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