AI is poised to transform global employment by replacing 300 million jobs while creating new ones, potentially boosting GDP by 7%, explains Nick Bunker at Indeed
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* Shaping the Future: The Impact of AI and Automation on Economic Development 🌟 * The incredible competition between ( Crowded manpower automation ) and ( Solo manpower AI ) * Past Decade's Progress: Countries like China have shown how combining large workforces and automation drives rapid technological and economic growth. This collaboration yields impressive results, fostering innovation and progress. * The Emergence of AI: As artificial intelligence (AI) evolves, we're on the verge of a transformative shift. Over the next 20 years, AI integration will reshape the traditional balance between manpower and automation. * Democratizing Success: Success is no longer solely defined by workforce size. Companies that effectively merge AI with automation will take the lead, empowering them to compete with industry giants. * Redefining Economic Dynamics: Just as the collaboration between automation and manpower drove past development, AI and automation synergy will redefine economic dynamics. We're poised to enter an era where innovative systems drive success, surpassing reliance on sheer workforce numbers. * Shape the future together: Let's explore the intersection of AI, automation, and economic development. Together, we'll shape the future! #AI #Automation #EconomicDevelopment #FutureOfWork
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A decade of digital transformation: Our latest report uncovers the potential of #GenAI to significantly boost annual GDP growth in Europe by 0.4% to 0.7% by 2030, surpassing the projected growth without AI effects. Discover how this game-changing technology can drive economic growth and enhance competitiveness in your industry: https://lnkd.in/edfQrvV4
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Interested in understanding the impact of GenAI on the economy of continental Europe? See this study by Daniel Ettlin, CFA and his colleagues. What stood out for me: 1. Economies with a higher mix of technology, entertainment, life sciences, and financial services sectors stand to gain the most through productivity and revenue gains. 2. Economies with low / medium impact sectors like agriculture, construction, manufacturing, retail can still benefit from GenAI, although the impact is less likely to be transformational. 3. The share of high-impact, high-potential businesses in the total economy is on average higher in the US (24%) and UK (24%) than in the EU (21%).
A decade of digital transformation: Our latest report uncovers the potential of #GenAI to significantly boost annual GDP growth in Europe by 0.4% to 0.7% by 2030, surpassing the projected growth without AI effects. Discover how this game-changing technology can drive economic growth and enhance competitiveness in your industry: https://lnkd.in/edfQrvV4
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- AI investment is climbing but will take time to significantly impact the economy. The U.S. leads in AI technology adoption. - Long-term AI investment could peak at 2.5-4% of GDP in the U.S. and 1.5-2.5% in other AI leaders. - AI investment is expected to be concentrated in training models, supplying infrastructure, developing AI software, and enterprise end-users. - AI adoption is expected to start impacting the economy around 2025-2030. - Despite rapid growth, near-term GDP impact of AI investment is likely to be modest due to its low share of global GDP. #aiinvestment #globalgdp
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AI Entrepreneur. Keynote Speaker, Interests in: AI/Cybernetics, Physics, Consciousness Studies/Neuroscience, Philosophy: Ethics/Ontology/Maths/Science. Life and Love.
Should mankind’s goal be to develop technology to surpass humanity or support mankind in essential and necessary solutions to real world use cases to help ALL humanity. Shall we rush to AGI at super-human levels, or refocus our intellectual effort and investment on doable/practical/smart Sustainable ANI (Artificial Narrow Intelligence) tools with Humans Integrated in the decision Loops (S-ANI-HIL) The point: help Humanity, and the Earths ecosystem, in today’s dire needs. To build #ai4good and solve pressing sustainability goals in a world in jeopardy. Put away unnecessary Sci-fi dreams, that are utopian fantasies, and are likely to morph into dystopian nightmares. “When I was a child, I spoke as a child, I understood as a child, I thought as a child; but when I became a man, I put away childish things.” We need to focus on solutions to mankind’s actual problems, not building ideological “towers of babel”. Before it’s too late.
I firmly believe that #AI must complement workers, not replace them. Unfortunately, "the dominant intellectual paradigm in today’s digital tech sector also favors the #automation path. A major focus of AI research is to attain human parity in a vast range of cognitive tasks and, more generally, to achieve artificial general intelligence that mimics and surpasses human capabilities. This intellectual focus encourages automation rather than the development of human-complementary technologies." (Acemoglu & Johnson: Power and Progress. Our Thousand-Year Struggle Over Technology and Prosperity https://lnkd.in/eAdfGfMX) If the just-automate approach prevails, replacing human workers instead of empowering them will only benefit a few techno-oligarchs. History tells us that "the broad-based prosperity of the past was not the result of any automatic, guaranteed gains of technological progress. We are beneficiaries of progress, mainly because our predecessors made the progress work for more people." All things considered, I think we're living in a moment similar to that of the Industrial Revolution. Technologies are different, but the stakes are the same. “In our narrow, confined existence, we tend to forget the essence of life. All of us, whatever our occupation or class, are equally guilty: the employer is lost in the running of his business; the workers, sunk in the abyss of their misery, raise their heads only to cry in protest; we, the politicians, are lost in daily battles and corridor intrigues. All of us forget that before everything else, we are men, ephemeral beings lost in the immense universe, so full of terrors. We are inclined to neglect the search for the real meaning of life, to ignore the real goals - serenity of the spirit and sublimity of the heart. To reach them - that is the revolution.” (Jean Jaurès 1859-1914)
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A decade of digital transformation: Our latest report uncovers the potential of #GenAI to significantly boost annual GDP growth in Europe by 0.4% to 0.7% by 2030, surpassing the projected growth without AI effects. Discover how this game-changing technology can drive economic growth and enhance competitiveness in your industry: https://lnkd.in/edfQrvV4
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The World Economic Forum's Future of Jobs Report talks about the dual nature of AI's impact: By 2025, while 85 million jobs may be displaced by automation, an impressive 97 million new roles are projected to emerge, reflecting a shift in the division of labour between humans, machines, and algorithms. This shift emphasizes the need for significant workforce evolution. It’s time to prepare for change!
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#GoldmanSach predictions: - AI can boost labour productivity by more than 1% in a decade - AI can attract more than $200bn in new investments by 2025 What are you doing to lead this unstoppable force? How are you adapting and making sure you're ready?
AI investment forecast to approach $200 billion globally by 2025
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