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☆ Will AI be an economic blessing or curse? History offers clues
▼ + stars: | 2023-08-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

Backers of AI predict a productivity leap that will generate wealth and improve living standards. The productivity gains it was once lauded for have slowed across many economies. In a globalised economy, there are other reasons to doubt whether the potential gains of AI will be felt evenly. That is just one of several factors that will help determine how AI shapes our economic lives - from antitrust policies that ensure healthy competition among AI suppliers through to re-training of workforces. "The question is: will AI exacerbate existing inequalities or could it actually help us get back to something much fairer?"

Persons: Richard Erkhov, Yiannis, Simon Johnson, Johnson, Daron Acemoglu, jenny, Natixis, Stefano Scarpetta, MIT's Johnson, Mary Towers, Eva Mathews, Mark John, Catherine Evans Organizations: REUTERS, MIT Sloan School of Management, McKinsey, Hollywood, Reuters, Labour, Social Affairs, Economic Cooperation, Development, UN, POWER, Britain's Trades Union, OECD, Thomson Locations: Pascal, Nicosia, Cyprus, U.S, American, Paris, Bengaluru

Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI firms excel at staying lean and automating work. "I think we should curb our optimism that San Francisco commercial real estate will bounce back because of AI," said Silicon Valley investor Jeremiah Owyang. Eleven of the country's top 20 AI companies are in San Francisco and have raised $15.7 billion collectively between 2008 and 2023. That amount is just 2.3% of the estimated 150,000 daily workers that downtown San Francisco lost during the pandemic. Reporting by Anna Tong in San Francisco; Editing by Sayantani Ghosh, Anna Driver and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, San, Jeremiah Owyang, Erin Price, Wright, OpenAI, Matt Schlicht, Mike Grabowski, Grabowski, Owyang, Lee Edwards, Daron Acemoglu, Anna Tong, Sayantani Ghosh, Anna Driver, Matthew Lewis Organizations: Intelligence, REUTERS, FRANCISCO, Reuters, Francisco, San Francisco Mayor London Breed's, San, Microsoft, Octane, Google, Nordstrom, Massachusetts Institute of Technology, Thomson Locations: San Francisco, California, U.S, Valley, NFX, Dubai

Tech giants Microsoft and Alphabet/Google have seized a large lead in shaping our potentially A.I.-dominated future. of Alphabet/Google, unveiled a suite of A.I. While there is some discussion as to whether Meta’s recent decision to give away its A.I. History has repeatedly demonstrated that control over information is central to who has power and what they can do with it. At the beginning of writing in ancient Mesopotamia, most scribes were the sons of elite families, primarily because education was expensive.

Persons: Sundar Pichai Organizations: Tech, Microsoft Locations: ChatGPT, Mesopotamia, Europe

☆ The AI boom could go one of 2 ways, and the path companies choose could make or break the US workforce
▼ + stars: | 2023-05-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Businesses are expected to use AI to boost productivity and their profits. The adoption of AI could mean higher wages for workers — or that they lose their jobs altogether. In the years ahead, generative AI including ChatGPT could disrupt — not necessarily replace — 300 million full-time jobs across the globe, according to Goldman Sachs. Over the next decade, that AI productivity boost could increase S&P 500 profits by 30% or more, Ben Snider, a senior strategist at Goldman Sachs, told CNBC last week. "AI will make superstar companies more productive and profitable, but those profits might be achieved at the expense of other companies," he said.

Tens of billions of dollars of FX and gold reserves have been used up - another sign of systematic micro-management. Depositors have put some $33 billion into depreciation-protected bank accounts in the last two months, bringing the total to $121 billion - almost a quarter of all Turkish deposits. Benchmark international market bonds have fallen back 10%-15% and key FX market volatility gauges that look a year or more ahead have hit record highs. Eyes are now on the FX reserves and the lira as it surpasses 20 to the dollar, the latest major milestone in its long descent. "These weren't seen as cheap assets, they were seen as jewels," MIT's Acemoglu said of the M&A banking boom heyday.

☆ The Optimist’s Guide to Artificial Intelligence and Work
▼ + stars: | 2023-05-20 | by ( Sarah Kessler | Ephrat Livni | ) www.nytimes.com time to read: +2 min

Brynjolfsson and his co-authors of a study compared the call center employees who used the tool to those who didn’t. Customer sentiment was also higher and employee turnover lower in the group that used the tool. “That offers an opportunity to enable more workers to do valuable work that relies on some of that expertise,” he said. tool for some tasks may free up workers to expand their work on tasks that can’t be automated. Of course, there’s no guarantee that workers will be qualified for new jobs, or that they’ll be good jobs.

☆ AI like ChatGPT could change the day-to-day of white-collar jobs the most and reverse decades of tech-driven inequality — if we use it the right way
▼ + stars: | 2023-04-20 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

Artificial intelligence could cheapen educated labor and reduce inequality. "The general presumption is that AI — and even before that, office software — would impact middle-skill workers," Acemoglu told Insider. That word "exposure" means AI could either replace high-income workers, which would reduce inequality, or make them even more productive, which would increase it. "You can imagine devolving some of the most highly skilled tasks to less skilled people," Autor said. Additionally, "the more skilled workers may be able to shield themselves," he said.

☆ Baristas in San Francisco went on strike. Their robot co-workers went right on serving
▼ + stars: | 2022-10-18 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

For three days last month, 1,000 food-service workers at SFO went on strike over wages and working conditions. For decades, robots have been replacing, or at least nudging aside, human labor. But at SFO, robot baristas didn't simply replace humans — they crossed a picket line. Cafe X robot baristas stayed on the job when food-service workers went on strike at San Francisco International Airport last month. The short version is: Every new robot per thousand human workers reduces employment by 0.2 percentage points and decreases wages by 0.42%.

☆ Michelle şi Barack Obama au anunţat că vor lansa un serial animat
▼ + stars: | 2021-06-06 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: APMichelle şi Barack Obama au anunţat că vor lansa un serial animatMichelle şi Barack Obama au anunţat că vor lansa serialul animat "We The People" pe care l-au produs pentru Netflix. Format din 10 episoade, acest program promovează educaţia civică. Artişti precum H.E.R., Adam Lambert, Lin-Manuel Miranda, Bebe Rexha, Janelle Monáe şi poeta Amanda Gorman participă la acest proiect, pentru care vor interpreta compoziţii proprii, originale. În aşteptarea lansării online a "We The People", programată pentru 4 iulie, a fost prezentat un trailer. În martie, Michelle Obama a colaborat din nou cu Netflix pentru o emisiune dedicată copiilor, "Waffles + Mochi".

Persons: Michelle, Barack Obama, Adam Lambert, Lin, Manuel Miranda, Bebe Rexha, Amanda Gorman, Peter Ramsey, Victoria Vincent, Benjy Brooke, Mabel Ye, Tim Rauch, Jorge R ., Everett Downing, Ryan, Michelle Obama

☆ (video) System Of A Down a lansat două piese noi în susținerea Armeniei. Toate încasările vor fi donate pentru ajutor umanitar
▼ + stars: | 2020-11-06 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

(video) System Of A Down a lansat două piese noi în susținerea Armeniei. Toate încasările vor fi donate pentru ajutor umanitarTrupa rock System of a Down a lansat două piese noi în susținerea Armeniei. Artiștii au că vor dona toate încasările din cântece pentru a ajuta armenii și solicită fanilor să doneze fondului Armenia, care oferă ajutor umanitar regiunii. System of a Down este o formație de rock americană din Los Angeles, fondată în 1994. System of a Down a fost nominalizat la patru Premii Grammy și a câștigat în 2006 premiul la categoria „Best Hard Rock Performance” pentru piesa „B.Y.O.B” („Bring Your Own Bombs” / „Adu-ți propriile bombe”).

Persons: John Dolmayan Organizations: Armeniei, Trupa Locations: Armeniei, Armenia, americană, Los Angeles, Imperiul Otoman

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