A recent study by Cognizant and Oxford Economics sheds light on how generative AI could shake up the job market. They predict a big change in the next decade. About 9% of jobs in the US might be replaced by AI. Even more, 11% of workers could find it tough to get new jobs because of this tech.
Future Scenarios of AI Adoption
The research outlines three scenarios based on how much businesses might use AI. They think AI use in businesses could jump from 13% to as much as 31% in the next four to eight years. That’s a significant increase.
Upskilling: A Key Strategy
To deal with job losses, the study suggests upskilling the workforce. This means training employees in new skills. It’s not just good for workers, but also helps maintain a brand’s reputation.
Building Strong Tech Infrastructure
Companies need to gear up for rapid AI developments. This includes having strong tech setups and putting in checks to avoid bias, errors, and unethical decisions.
AI for Better Work-Life Balance
The study also sees a bright side. AI could make work life better. Imagine shorter workdays or weeks, thanks to AI efficiency. That’s a plus for employees.
Preparing for the AI-Driven Future
The bottom line? Generative AI is going to have a big impact on jobs. It’s crucial to prepare the workforce for these changes.
Welcome to another edition of Last Week in AI where we cover AI innovations and trends! This year at CES 2024, the spotlight was on AI advancements across various sectors, from AI-powered pillows to AI-powered birdfeeders. From the launch of the GPT Store to robots making coffee, the world of AI is evolving rapidly. Let’s dive in.
GPT Store
Big news of the week for many were the launch of the GPT Store, now open for ChatGPT Plus, Team, and Enterprise users, offers a variety of GPTs for different interests, like design, coding, and AI.
Key Points:
Wide range of GPT categories, including DALL·E, writing, and programming.
New GPTs featured weekly, like trail guides from AllTrails.
Easy GPT creation for users, with no coding needed.
Quality maintained through a review system and user reports.
GPT Builder Revenue Program allows creators to earn based on user engagement (US only).
In short, the GPT Store is making AI more accessible and offering creative and earning opportunities for users. Interestingly enough, the GPT Store is full of AI girlfriend bots.
OpenAI vs NYT
OpenAI has responded to The New York Times’ lawsuit, underlining its dedication to working with news outlets and supporting the news ecosystem. They aim to develop AI products to aid journalists and editors, utilize historical content for training AI models, and incorporate real-time content with proper attribution in ChatGPT.
Key Points:
OpenAI is focused on assisting the news industry through AI technology.
They claim that using publicly available internet materials for AI training is fair use.
OpenAI offers an opt-out for publishers and is addressing the issue of AI content regurgitation.
Despite the lawsuit, OpenAI is committed to constructive partnerships with news organizations like The New York Times and is actively working on solutions to support and enhance the news industry with AI.
Figure AI
Figure AI is advancing in AI robotics. They train robots for everyday tasks. Their robot, Figure-01, can now make coffee. This is a big step in robot skills.
Brett Adcock, the founder, sees a big future. He wants robots to help in many areas, like caring for the elderly. The focus is on jobs humans don’t want.
Key points:
Figure-01 making coffee is a breakthrough.
Robots could be useful in many fields.
The aim is to help humans, not replace them.
All in all, Figure AI is all about making life easier with robots handling the less desirable tasks. Pretty exciting future ahead.
Nvidia
India’s data center providers are buying thousands of Nvidia’s advanced GPUs, aiming to boost the country’s AI sector. This move follows Nvidia’s business loss in China due to US export controls on high-tech semiconductors. However, Nvidia believes global demand will compensate for this loss.
Yotta plans to deploy 32,000 Nvidia H100 and H200 GPUs by 2025.
This surge in GPU purchases in India reflects the growing AI market across various economic sectors.
India’s investment in Nvidia GPUs marks a significant growth in its AI industry, offering a promising opportunity for Nvidia amidst challenges in other markets.
Rabbit R1
The Rabbit R1, unveiled at CES 2024, is a new AI-powered virtual assistant and handheld device. It goes beyond a typical smartphone, featuring a sophisticated AI called the Large Action Model (LAM). This AI enables smoother and more conversational task performance compared to traditional virtual assistants like Alexa or Siri.
Key Points:
The LAM is adept at using various apps and can learn new tasks.
The R1 is a compact device with a 2.88-inch touchscreen, a rotating camera, and robust technical specs.
Priced at $199, it’s designed to transform the AI personal assistant market.
In summary, the Rabbit R1, with its advanced AI and impressive features, is generating excitement in the AI personal assistant space, promising a more intuitive and capable device experience.
Rabbit R1 broke the Internet after it was announced at CES2024 but can the $199 AI Companion change our lives like the Smartphone did?
When Teenage Engineering took the stage at CES2024 last week, and introduced the world to their Rabbit R1, the internet was basically broken for… pic.twitter.com/0ubHhaHZUy
ARRES (Autonomous Road Repair System) PREVENT, a robot for preventing potholes, is gearing up to hit the roads of Hertfordshire, England. Developed by Robotiz3d and the University of Liverpool, this AI-powered robot identifies and repairs potholes. It’s been in lab tests since 2020 and can autonomously locate and fix potholes, especially in residential areas.
Key Points:
ARRES uses AI to detect potholes and automatically repair surface cracks.
The technology promises to save time and money, reducing road maintenance disruptions.
This innovation is a collaboration between Robotiz3d, the University of Liverpool, and Hertfordshire County Council Highways Engineers, targeting the persistent pothole issue in the UK.
In summary, ARRES PREVENT is set to revolutionize road maintenance in the UK, using AI to tackle the long-standing problem of potholes, offering efficiency and cost-effectiveness.
This robot identifies potholes in roads using AI and fills them to keep out surface water 👇
The technology, developed by Robotiz3d and the University of Liverpool, could save time and money, as well as reducing disruption.
At CES 2024, Amazon unveiled new AI tools for its Alexa personal assistant. This includes innovative AI experiences like Character.ai for interactive conversations with generated characters, and Splash, an AI-driven music creation tool. Additionally, Volley introduced an AI “20 questions” game.
The video game industry is facing challenges with AI integration, focusing on augmenting human capabilities without replacing jobs. Companies and unions are actively negotiating to protect workers’ rights and ensure AI is used in a worker-friendly way. For example, the Zenimax game workers union and Microsoft agreement emphasizes AI’s role in boosting productivity and growth without harm.
Key Points:
The industry aims to use AI to assist, not replace, human workers.
There are ongoing discussions to balance AI’s role in supporting existing jobs.
Agreements are being made to safeguard worker rights in the AI integration process.
The video game sector is keen on maintaining a balance where AI enhances job roles without threatening employment, reflecting a cautious yet optimistic approach towards AI’s growing role in the industry.
Google
Google is in a major patent infringement lawsuit over AI technology. Singular Computing, started by ex-MIT professor Joseph Bates, alleges that Google used its unique technology in various Google services. Singular is seeking up to $7 billion in damages, arguing that Google’s use of its patents would have merited a massive royalty payment.
Key Points:
Singular Computing claims Google infringed on its AI technology patents.
Google denies these claims, insisting on independent development of its processors.
The case, with potential damages of $7 billion, is heading to a federal jury.
Google faces a significant legal challenge with this patent infringement case, adding to its history of legal battles over technology patents.
Project Mockingbird
McAfee has introduced Project Mockingbird, an AI-powered technology to detect Deepfake Audio, aiming to tackle AI-generated scams. Revealed at CES 2024, this tool focuses on protecting users from AI-manipulated audio scams and misinformation.
Key Points:
Project Mockingbird uses AI models to identify AI-generated audio with over 90% accuracy.
It alerts users to maliciously altered audio in videos, helping differentiate real from fake content.
This innovation is part of a larger effort to combat AI challenges in cybersecurity.
Project Mockingbird by McAfee marks a significant advancement in fighting AI-generated scams, providing a crucial tool for digital safety in an era of rising AI-generated content threats.
Final Thoughts
As we wrap up, it’s clear that the boundaries of technology are being pushed further than ever before. The introduction of platforms like the GPT Store is making AI more accessible and versatile, while advancements in transportation and robotics are paving the way for a more efficient and interconnected world. These developments highlight the endless possibilities of AI in our daily lives. The future is bright and AI-driven, and we can’t wait to see what the next big breakthrough will be.
Big news for ChatGPT Plus, Team, and Enterprise users! The GPT Store is here, a one-stop shop for discovering a wide range of Generative Pre-trained Transformers (GPTs). Whether you’re into design, coding, or just love exploring AI, this store’s got something for everyone.
What’s in the Store?
Variety of GPTs: Categories range from DALL·E, writing, and research to programming, education, and lifestyle.
Weekly Features: Check out new GPTs every week! Early highlights include trail recommendations from AllTrails, academic research with Consensus, learning code with Khan Academy’s Code Tutor, designing with Canva, and book recommendations from Books.
Build Your Own GPT
Easy Creation: Building a GPT is simple, with no coding skills needed.
Sharing Your GPT: Save your GPT for Everyone, verify your Builder Profile, and make sure it aligns with usage policies and brand guidelines.
Keeping Quality High
Review System: There’s a new system for reviewing GPTs, combining human and automated checks. Plus, users can report any issues.
Get Rewarded
GPT Builder Revenue Program: Starting in Q1, US builders can earn based on how much users engage with their GPTs. Stay tuned for more details on the payment criteria.
ChatGPT Team and Enterprise
Private Section for Teams: Team customers get a private part of the store with extra admin controls. Decide how to share internal GPTs and which external ones to use in your business.
Coming Soon for Enterprise: The GPT Store will soon be available for Enterprise customers too.
Final Thoughts
The GPT Store is opening up a world of AI possibilities. It’s easy to use, full of variety, and even offers a chance to earn for GPT creators. For businesses, it’s a powerful tool to tailor and control AI applications. This GPT Store is a big deal!
Paris-based startup Nabla is changing the healthcare game with its innovative AI copilot for doctors, having recently secured a hefty $24 million in Series B funding. This round was led by Cathay Innovation and ZEBOX Ventures. Let’s dive into what Nabla offers and why it’s making waves in the medical field.
Transforming Medical Documentation
Nabla has developed an AI assistant that acts as a silent partner for medical professionals. It’s not about replacing doctors but enhancing their work.
Tech at Work: The AI assistant uses speech-to-text technology to transcribe doctor-patient conversations, highlight key data points, and generate detailed medical reports in minutes.
Customization and Storage: Reports are tailored to doctors’ needs and stored locally on the computer, making them easily accessible and exportable to electronic health record systems (EHRs).
Focus on Data Processing, Not Storing
Nabla’s approach to data is unique. They prioritize processing over storing. This means:
Privacy First: Audio and medical notes aren’t stored on servers without clear consent from both doctor and patient.
Correcting Errors: Doctors have the option to share medical notes with Nabla for transcription error correction, ensuring accuracy.
Impact on Healthcare
Nabla’s AI copilot is more than just a tool; it’s a time-saver for doctors. By handling administrative tasks, it lets medical professionals focus more on patient care.
Nabla’s Reach and Future Goals
Usage and Customers: The AI copilot is already in use by thousands of doctors, particularly in the U.S., following its rollout across Permanente Medical Group.
Long-Term Vision: While Nabla eyes FDA-approved clinical decision support, they remain committed to keeping physicians integral to healthcare.
The Bottom Line
Nabla’s AI assistant is a testament to how AI can work alongside professionals, not replace them. With the latest funding, Nabla is ready to change the way doctors use technology. They’re doing this while strictly following privacy and data rules. This is just the beginning of AI’s journey in enhancing healthcare efficiency and patient care. 🚀💡🏥
CES 2024 is around the corner, and it’s gearing up to be a showcase of cutting-edge AI and content creation. Let’s dive into what’s in store at this mega event.
The AI and Tech Showcase
CES 2024 is shaping up to be a landmark event for technology. Major players like Nvidia, LG, Asus, Honda, Hyundai, Samsung, and Sony are all lined up to present. And guess what? AI is front and center this year, playing a starring role across various industry applications.
What to Expect
Presentations Galore: The schedule’s packed with talks from the biggest names in tech. Each company is bringing their A-game in AI, hardware, and more.
AI Takes the Lead: This isn’t just about the latest gadgets. AI’s integration into products and services is a major highlight, showing how it’s becoming part of our everyday lives.
Content Creation Focus: Alongside AI, content creation is another hot topic. Expect insights into how tech is revolutionizing this field.
Why It Matters
CES 2024 isn’t just another tech event. It’s a glimpse into the future of consumer technology. We’re talking innovations that could change how we live, work, and play. From smarter homes and cars to advanced gadgets, the possibilities are endless.
So, mark your calendars for CES 2024. Whether you’re a tech guru or just curious about the latest trends, this event is set to deliver a wealth of information and excitement. Stay tuned for groundbreaking advancements in AI and technology that are sure to inspire! 🚀🌐💡
Samsung’s about to drop AI-powered smartphones. On January 17, they’re unveiling what’s likely the Galaxy S24, S24+, and S24 Ultra at their Unpacked event. Here’s the scoop on these futuristic devices.
AI-Powered Mobile Experience
Revolutionary AI Tech: Samsung’s latest lineup is all set to deliver an AI-driven mobile experience. Think of your phone but smarter, way smarter.
Context from Tech Giants: With recent developments from Qualcomm and Google, we’re getting a glimpse of what these phones might pack.
Cutting-Edge Features
On-Device AI Applications: Powered by Qualcomm’s Snapdragon Series 8 Gen 3, these phones could run generative AI apps right on the device – yes, even without the internet.
Private AI Chatbots: Imagine having ChatGPT-like chatbots on your phone, keeping your conversations private since it’s all processed on your device.
AI for Creativity
Image Generation: Following Qualcomm’s lead, Samsung might let you create images from just words, similar to Google’s Tensor G3 chip in the Pixel 8 Pro.
AI in Messaging and Transcription: Like Google’s Gemini Nano AI in the Pixel 8 Pro, Samsung could offer features for smart replies, transcribing chats, and more.
Enhancing Media with AI
Better Videos and Photos: AI isn’t just about chats and texts. It’s expected to massively boost your video and photo game on these phones.
Samsung vs iPhone
Innovative Edge: With these AI capabilities, Samsung’s new phones might just have that edge over the iPhone, attracting more users looking for the latest in tech.
So, what’s the big deal? Samsung’s Galaxy S24 series is a leap into a future where your phone is more than just smart – it’s intelligently intuitive. Stay tuned for January 17, because the world of smartphones is about to get a lot more exciting! 🚀📱💡
Ready to see what 2024 has in store for us at work? LinkedIn’s got some predictions, and let me tell you, they’re pretty interesting. From AI taking center stage to the rise of green jobs, the work landscape is changing fast. Let’s break it down:
AI is Taking Over (In a Good Way)
We’re seeing more and more chatter about AI in the job market. It’s clear that AI skills are becoming a must-have. Job posts that mention AI are getting more applications, which means if you’re job hunting or hiring, you’d better be on the AI bandwagon.
But it’s not just about mentioning AI; businesses need to think about how they’re going to weave AI into their roles. Want to attract the best talent? Start thinking AI.
Hybrid Work: Here to Stay
Remember when working from home felt like a novelty? Well, it looks like it’s not going anywhere. Hybrid work models are on the rise globally. This trend means more flexibility for us, the employees, and a bit of a balancing act for employers who still want some face time in the office.
Green Jobs: The Future is Bright (and Eco-Friendly)
The world’s getting greener, and so are our jobs. There’s a huge demand for “green skills” out there. But here’s the thing: only about one in eight workers has the skills these jobs need. And women are underrepresented in this green wave.
So, what’s the game plan? Companies need to get smart about reskilling their workforce. And for the workers? It’s all about beefing up those digital and STEM skills to jump into these green roles.
Wrapping It Up
There you have it – AI, hybrid work, and green jobs are the big trends shaping our work life in 2024. Whether you’re an employer or an employee, it’s time to adapt and get ready for an exciting future at work. Keep those AI skills sharp, embrace the flexibility of hybrid roles, and maybe add some green skills to your resume. Let’s make 2024 a year of growth and innovation! 🌱🤖🌍
In the dynamic business landscape of Toronto and the GTA, AI chatbots are proving to be invaluable assets. Here’s a breakdown of the 11 key benefits they offer:
24/7 Customer Support: Chatbots provide continuous assistance, handling FAQs and more anytime.
In-Store Appointment Bookings: Facilitate a seamless blend of online and offline shopping experiences.
Expanding Brand Voice: Offer consistent brand experience across online platforms.
Multilingual Support: Cater to a diverse, global audience with multiple language options.
Cost-Efficiency: Serve as a more cost-effective solution than traditional customer support teams.
Enhanced Customer Service with AI: Leverage machine learning and natural language processing for quicker, personalized customer service.
Impact on Business Efficiency
Hours Saved: Varma, a pension insurance company, saved330 hoursper month after implementing a chatbot, indicating substantial time savings for businesses using similar AI tools.
Cost Savings: Chatbots can help businesses save up to 30% on customer support costs.
Global Impact: By 2023, businesses and consumers are expected to save a combined 2.5 billion hours through the use of chatbots.
In conclusion
AI chatbots are not just technological tools; they are strategic assets that can significantly enhance customer service, save valuable time, and reduce costs. This makes them especially valuable for businesses in Toronto, Vaughan, and the GTA, looking to stay competitive and efficient in a rapidly evolving market.
Today, we’re diving into AI chatbots for accounting firms. If you’re running an accounting firm in the GTA, or even just curious about tech trends, you’ll want to keep reading. Let’s break down how AI chatbots can be a game-changer for your firm!
What’s an AI Chatbot, Anyway?
First things first – what’s an AI chatbot? It’s like a smart assistant that uses artificial intelligence to chat and help people. Think of it as a helpful robot that’s always ready to answer questions and solve problems, 24/7!
Top Benefits for Accounting Firms
Now, let’s talk about why AI chatbots are awesome for accounting firms:
Always Available: These chatbots don’t sleep! They’re on the job all day, every day. So, your clients can get help even when your team’s out of the office.
Quick Answers to Common Questions: Chatbots can instantly provide answers to frequently asked questions, like “How do I file my taxes?” or “What’s a W-2 form?”
Error-Free Help: Computers don’t make mistakes like humans can. So, when it comes to calculations or data retrieval, chatbots are super accurate.
Saves Time: Your team won’t have to spend hours answering basic questions. The chatbot handles that, letting your staff focus on more complex tasks.
Personalized Advice: Advanced chatbots can give tailored advice based on a client’s specific data. It’s like having a personal advisor, but digital!
Cool Features of AI Chatbots
Check out these neat features that make AI chatbots a must-have:
Natural Language Processing: This means the chatbot understands human language, even when it’s a bit informal or has typos.
Integration with Accounting Software: Chatbots can work with your existing software, pulling up client data or transaction histories in a snap.
Data Security: They’re built with security in mind, keeping all your sensitive accounting data safe.
Learning Over Time: The more they interact, the smarter they get, constantly improving to serve your clients better.
Vease and AI Chatbots
Speaking of smart solutions, Vease offers AI tools that can totally transform how your accounting firm operates. Check out our website and blog to learn more!
Final Thoughts
So, there you have it – AI chatbots are not just cool, but they’re super practical for accounting firms. They’re like having a super-smart, always-available assistant who never gets tired or makes mistakes. Whether you’re dealing with simple questions or need complex advice, an AI chatbot has got your back.
Remember, technology is here to make our lives easier, and AI chatbots in accounting are a perfect example of that. So, why not give it a try and see the magic for yourself?
