- The AI Letters
- 💼 AI and the Future of Work
💼 AI and the Future of Work
Understand AI and the future of work.
AI is a big deal these days, and it's not just a tech thing. It's reshaping jobs, making some tasks automatic, and creating new opportunities. This edition is about understanding what AI means for you and your job.
🤔 How does AI impact work?
Generative AI is a rapidly advancing technology that is accelerating automation and extending it to an entirely new set of occupations, and it is expected to impact around 300 million full-time jobs worldwide. This means that automation is about to affect a wider set of work activities involving expertise, interaction with people, and creativity. Without generative AI, automation could take over tasks accounting for 21.5 percent of the hours worked in the US economy by 2030. With it, that share has now jumped to 29.5 percent.
However, generative AI is not a sign of a jobless future. Specialized AI systems are task-oriented and can only partially replace the range of activities in any occupation. Most new technologies are expected to create more jobs than they eliminate. However, companies expect about 23% of jobs to change in the next five years due to tech disruptions, leading to a need for extensive workforce retraining.
In the longer run, AI will certainly create jobs as well, as innovation begets new forms of production, challenges, and opportunities. The promise of generative AI is that it will enhance and augment human intelligence and decision-making, making us better at what we already do. As generative AI matures, it will make our current levels of productivity seem quaint, while changing—at the deepest level—the way businesses innovate, make decisions, and organize themselves.
To capture the full benefits of generative AI to make knowledge work more productive, employers, policymakers, and broader ecosystems would need to establish clear guidelines and guardrails—and workers would need to see these tools not as job destroyers but as work enhancers.
⬇️ Want to know more? here are some useful links:
🛠️ AI Tools and Services
Our favorites this week.
An AI agent designed to handle tasks from booking flights to conducting in-depth research, and everything in between.
Riffusion allows users to convert text descriptions of music into audio, along with a visual representation of the sound. Riffusion is accessible through its mobile app and website.
Prototype and productionize generative AI apps. Built for engineers, not just ML practitioners.
📚 Articles and Resources
Get to know more
Apple was caught flat-footed when ChatGPT and other AI tools took the technology industry by storm. But the company is now preparing its response and plans to develop features for its full range of devices.
Microsoft said it will spend A$5 billion ($3.2 billion) expanding its artificial intelligence (AI) and cloud computing abilities in Australia over two years as part of a wide-ranging effort that includes skills training and cyber security.
Researchers at Anthropic asked roughly 1,000 Americans to write rules for their A.I. chatbot. The results could be a model for future kinds of A.I. governance.
💬 Community Highlight
The incredible projects of our Discord Community 🔗
ModelFusion, is a TypeScript library designed for building AI-based apps, and agents. It is built by Lars, a member of our Discord Community.
It supports different kinds of models, streaming, tools, guard functions, and comes with observability/logging support.
Our favorite prompt of the week
✍️ Try the prompt for yourself: