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Companies that use AI to replace workers will ultimately lose, Stanford University professor says
Business Insider
·
1y ago
Medial
According to a Stanford University professor, companies should use AI to complement workers instead of replacing them entirely. Erik Brynjolfsson explained that using AI alongside humans can improve productivity and customer satisfaction. Some companies have already implemented AI, leading to job cuts, while others are using the technology to enhance their existing workforce. Brynjolfsson emphasized the importance of finding the right balance between automation and human skills, stating that companies using AI to complement workers will reap the greatest productivity gains.
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Fully remote workers are at the highest risk of being replaced by AI, a Stanford professor says
Business Insider
·
1y ago
Medial
According to an Economics professor at Stanford University, fully remote workers are at the highest risk of being replaced by AI. Roles such as data entry, call centers, HR, and payroll that are 100% remote and repetitive are particularly vulnerable. However, it may be impractical for AI to replace in-person workers, as robots are clunky and inefficient. Hybrid workers, who work from the office a certain number of times a week, may even benefit from AI's productivity. The impact of AI on the workforce continues to be debated, with some studies suggesting significant disruption and up to 300 million jobs impacted worldwide.
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Amazon adds AI expert Andrew Ng to board as GenAI race heats up
Economic Times
·
1y ago
Medial
Amazon has added Andrew Ng, the former head of AI projects at Google and Baidu, to its board as competition grows among tech giants in AI. Amazon's cloud unit is feeling pressure from Microsoft's early partnership with OpenAI and integration of AI technology into Azure. The appointment comes alongside job cuts at Amazon and CEO Andy Jassy's commitment to lower costs. Ng, an AI expert, is also an adjunct professor at Stanford University and runs AI venture studio and learning firms.
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Humans provide necessary 'checks and balances' for AI, says Lattice CEO | TechCrunch
TechCrunch
·
2m ago
Medial
Sarah Franklin, CEO of Lattice, emphasizes balance in AI adoption for companies, stressing human oversight and the importance of trust and transparency. She argues that AI should augment rather than replace human workers, ensuring that technology serves people and customers first. At SXSW London, Franklin highlighted the need for accountability in AI implementation to prevent AI from overshadowing human roles. She asserts that prioritizing human connection will determine successful companies in the AI era.
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Google develops AI co-scientist to aid researchers
Economic Times
·
5m ago
Medial
Google has developed an AI tool to serve as a virtual collaborator for biomedical researchers, tested by scientists at Stanford University and Imperial College London. This AI, designed by Google's DeepMind unit, aids researchers by synthesizing literature and generating hypotheses. In experiments, it showed ability to improve solutions over time. While requiring further validation, the AI is expected to augment scientific collaboration and accelerate research rather than replace human researchers.
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Major AI models not very transparent, says report
Economic Times
·
1y ago
Medial
A global report by AI researchers from Stanford, MIT Media Lab, and Princeton University evaluated transparency in AI foundation models. The report found a lack of transparency in the AI industry. Meta's Llama 2 scored the highest at 54%, followed by BloomZ at 53%, and OpenAI's GPT-4 at 48%. The report defined transparency based on 100 indicators and urged developers to improve transparency by adopting best practices from competitors.
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Your Boss’s Spyware Could Train AI to Replace You
Wired
·
1y ago
Medial
The potential for corporations to use data collected from employee monitoring and interactions with AI tools to develop new AI programs can eventually replace workers. While AI tools like ChatGPT still require human involvement and are often unreliable, the underlying factors mentioned in a 2013 study by economist Carl Frey about AI's potential impact on jobs still remain relevant. The incorporation and training of AI in daily work raise questions about worker inadvertent training of AI programs to replace them. The article also emphasizes the need for solutions and retraining programs to support workers who may be displaced by AI advancements.
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Researchers say guardrails built around AI systems are not so sturdy
Economic Times
·
1y ago
Medial
The researchers from Princeton University, Virginia Tech, Stanford University, and IBM have highlighted concerns about the guardrails implemented to prevent AI systems from generating harmful content. The research suggests that while companies attempt to curb the misuse of AI, the complexity of chatbot technology makes it challenging to contain their behavior. OpenAI's release of the AI chatbot ChatGPT and Meta's open-source AI technology have sparked a debate on the privacy of AI code. Furthermore, fine-tuning AI systems for specific purposes may remove guardrails, enabling the generation of toxic material.
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Germany plans to double AI funding in race with China, US
Economic Times
·
1y ago
Medial
The target, announced by research minister Bettina Stark-Watzinger on Wednesday, is modest compared with the $3.3 billion that the US government spent on AI research in 2022 according to a Stanford University report.
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Stanford researchers challenge OpenAI, others on AI transparency in new report
Arstechnica
·
1y ago
Medial
Stanford University researchers have released a report called "The Foundation Model Transparency Index," which examined major AI models from companies including OpenAI, Google, and Meta. The report found that the models lacked transparency and called for increased disclosure of data and labor practices. The Transparency Index graded 10 popular foundation models on indicators such as training data, labor practices, and compute usage. All models received scores deemed as "unimpressive," with Meta's Llama 2 language model receiving the highest score and Amazon's Titan model receiving the lowest. The researchers hope the report will encourage companies to improve transparency and provide guidance for potential AI regulation.
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Mint Primer | Behind the job cuts: Is AI the real reason?
Livemint
·
1m ago
Medial
Despite strong profits, tech giants are laying off workers, citing AI and automation. The pandemic, evolving strategies, and investor pressure also contribute to this trend. Predictions indicate a substantial displacement in white-collar jobs due to AI, while automation may replace manual tasks, especially in tech. By 2030, 39% of workers' skills will be outdated, necessitating upskilling. Job growth is expected in frontline roles and tech sectors, emphasizing AI, big data, and cybersecurity skills.
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