AI's Promise: Who Reaps the Rewards?
Good morning!
Today's focus is on who benefits from AI development; insights from a global survey on getting AI implementation right; how AI can help overcome educational discrimination and promote skills-first hiring; what AI means for tackling global challenges.
There's more to discover, including AI experimentation and corporate strategy; AI career development coaching, and the impact of AI on mental health. Let's explore together.
A THOUGHT to PONDER
Two perspectives on AI
Common views in AI discussions often revolve around the idea that AI could replicate human intelligence and replace human labor. However, MIT economist Daron Acemoglu suggests this perspective might be flawed.
He proposes an alternative future where AI serves as a tool for machine usefulness, augmenting human work rather than replacing it, thereby fostering productivity gains and widespread prosperity.
Societal mechanisms
He points out that major innovations or new technologies are deeply intertwined with societal power dynamics and control. While technology typically aids in boosting productivity, the distribution of these economic benefits can be either narrow or broad.
Who will benefit from AI and how?
If AI is developed to enhance rather than substitute workers' tasks, prosperity could be shared among the workforce. This shared prosperity is contingent upon workers having significant power, a condition that has weakened in recent decades in many parts of the world, including the United States.
The challenge lies in ensuring that AI is directed towards augmenting human capabilities and that the economic gains from such technologies are equitably shared. [MIT]
ACT NOW!
BUSINESS
Getting AI Implementation Right
A global survey of 2,525 decision-makers reveals key challenges in AI implementation, emphasizing the need for unified data management and strategic organizational adaptation. Learn more [Berkeley]
Unleashing AI for Sustainable Project Management
AI, sustainability, and project management converge, offering innovative solutions, but require strategic execution to overcome complexities and promote sustainability. [HBR]
Experimentation Key to AI Business Strategy
Businesses must experiment with AI, protecting data and identifying errors, to find specific applications that enhance productivity and service. View More [Forbes]
CAREER
Advance Skills-First Hiring with AI
AI enhances skills-first hiring, focusing on actual skills over traditional qualifications like degrees, promoting a more inclusive and adaptive workforce. [SHRM]
AI Coach for Job Seekers
LinkedIn introduces AI tools for Premium users, offering personalized job search coaching, skills assessment, and company insights to enhance job application success. [QZ]. In addition, Practica introduces an AI mentor, providing personalized, affordable career coaching. [TechCrunch]
Adapting to AI in the Workplace
The piece provides guidance for professionals and women, emphasizing AI proficiency, trend vigilance, and career adaptability to mitigate AI's job impact. [ZDNET]
WELLBEING
AI Tackling Global Challenges
AI is enhancing our creativity & productivity, aiding in developing solutions like green reengineering, proactive disaster responses, optimized harvests, augmented healthcare practitioners, & virtual educational tools. [Worth]
Exploring Emotionally Aware AI
The article discusses the evolution of AI towards acquiring emotional awareness, exploring its potential benefits and ethical considerations in various sectors like the workplace and customer interactions. [Inc]
AI's Limitations in Mental Health Support
AI struggles with complex mental health care due to data biases, lack of empathy, and the intricate nature of human psychology. [Built In]
NEED to KNOW
How AI chatbots like ChatGPT or Bard work – visual explainer. [The Guardian]
Why I let an AI chatbot train on my book. [Vox]
Is my co-worker AI? Bizarre product reviews leave Gannett staff wondering. [The Verge]
How AI brought John Lennon back to life for the last Beatles song. [New Scientist]
Using ChatGPT for accounting? You may want to think again. [ZDNET]