AI job losses – pressnews

5 things about AI you may have missed today: Big tech’s AI dominance, US AI giants collab, GenAI risk, and more

8Feb

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Technology

5 things about AI you may have missed today: Big tech’s AI dominance, US AI giants collab, GenAI risk, and more

[ad_1] French competition watchdog probes big tech's AI dominance; US AI giants collaborate on federal safety standards; Microsoft teams up with Sarvam AI for voice-based GenAI tools; government says AI will have jobs impact, but will create opportunities too- this and more in our daily roundup. Let us take a look.1. French Competition Watchdog probes big tech's AI dominanceFrance's competition authority has initiated a public consultation on the AI sector, aiming to assess big tech firms' strategies. With a focus on companies in adjacent markets, like cloud infrastructure, it scrutinizes potential misuse of market power. The inquiry targets major players like Microsoft, Amazon, and Google. Stakeholders can submit comments until March 22, with the authority expected to deliver its opini...

AI Study Says Stocks Already Pricing a Job-Replacement Premium

[ad_1] Trying to sort winners from losers as artificial-intelligence spreads through the economy? The stock market already is, and it goes way beyond Nvidia Corp. and Microsoft Corp.A trio of researchers say companies with workforces ripest for AI streamlining are doing something interesting in the market: beating it. Their study, “Generative AI and Firm Values,” by Andrea L. Eisfeldt and Gregor Schubert of the University of California Los Angeles and Miao Ben Zhang of the University of Southern California, is an attempt to quantify shock waves created by the release of the ChatGPT program. While the idea AI is driving equity returns isn't news to anyone who has watched the Nasdaq 100 surge 44% in 2023, the conclusions in the paper go further. They depict a market that beneath its surfa...

Worried about AI-linked job losses? Apply for jobs via LinkedIn ‘AI Coach’ soon

[ad_1] Artificial intelligence is being blamed for numerous job losses, especially in recent times. Many have painted the scene entirely black as to the emergency jobs situation that is likely to be created soon, with millions of people expected to be sacked due to AI taking over their jobs. While that may be so, some companies are deploying AI to, well, allow workers to apply for jobs. LinkedIn, the renowned professional networking platform owned by Microsoft, which has long been recognized for its stellar role in job search and upskilling segments, is now taking a significant step forward in this domain.LinkedIn is currently developing an AI-based tool known as "AI Coach." This innovative tool aims to assist job seekers throughout the job application process, offering efficient guidan...