AI Could Impact 40% of jobs in advanced economies at Higher Risk
Ai news today : The International Monetary Fund (IMF) has released a new analysis indicating that artificial intelligence (AI) could potentially impact 40% of jobs worldwide, with more pronounced effects in advanced economies such as the US and Europe. According to IMF Managing Director Kristalina Georgieva, this could exacerbate global inequality, as artificial intelligence may favor high-income workers and increase the wealth gap. To address these challenges, Georgieva suggests the implementation of robust social safety nets and robotic intelligence programs for workers at risk of displacement by artificial intelligence.
While some jobs might be fully automated, artificial intelligence is expected to initially enhance human capabilities in many roles. These issues are currently being discussed at the World Economic Forum in Davos, where artificial intelligence’s influence on the global workforce is a major subject.
Regulations surrounding artificial intelligence are still developing worldwide. The European Union recently proposed a framework for artificial intelligence usage, focusing on risk assessments and transparency, whereas the US is still formulating its approach to artificial intelligence regulation at the federal level.
Georgieva’s views come as political and business leaders meet at the World Economic Forum’s annual meeting in Davos this week, where artificial intelligence’s impact is a hot topic.
The regulatory environment for artificial intelligence is currently in flux globally. For instance, the European Union reached a tentative deal last month on legislation governing the use of the technology, including risk assessments and transparency rules. Meanwhile, the US is still evaluating its stance on artificial intelligence regulation at the federal level. SOURCE
What’s Next for AI After a Transformative Year?
Ai news today: The year 2023 marked a significant milestone in the field of artificial intelligence, with remarkable advancements across various applications, including large language models (LLMs), chatbots, and generative technologies for images, videos, and voices. This surge in artificial intelligence technology has not only introduced novel use cases and business models but also led to the rise of digital humans, who are increasingly assuming roles like influencers and newscasters.
A notable shift occurred in 2023 when artificial intelligence began to be intentionally incorporated into the daily routines of many individuals, signaling a deeper integration of artificial intelligence into both personal and professional spheres. Predictions for the future of artificial intelligence are diverse, ranging from friendly household robots to the development of artificial general intelligence (AGI) within the next ten years. However, the journey of artificial intelligence advancement is not without its challenges and potential setbacks.
In the realm of robotics, significant progress is being made. LLMs, coupled with image recognition through camera vision, are poised to revolutionize robotics, equipping them with enhanced understanding and responsiveness to human instructions. Nvidia’s VP of robots and edge computing, Deepu Talla, emphasized the role of LLMs in advancing robot capabilities. MIT’s Improbable artificial intelligence Lab within CS artificial intelligence L is pushing this further by integrating multiple models for specific tasks in robotics, offering a more comprehensive approach to decision-making processes in robots.
In the Robot Report, Nvidia’s VP of robots and edge computing Deepu Talla sartificial intelligence d that LLMs will enable robots to better understand human instructions, learn from one another and comprehend their environments.
Stanford University has developed the artificial intelligence system Mobile ALOHA, enabling robots to autonomously perform complex tasks with greater efficiency. This progress in robotics is akin to the “ImageNet moment” in artificial intelligence history, a turning point that could significantly lower the cost and data requirements for trartificial intelligence ning robots.
The artificial intelligence industry is undergoing rapid expansion. Nvidia CEO Jensen Huang predicts the arrival of AGI within five years, a sentiment echoed by Jim Fan of Nvidia. McKinsey estimates that general artificial intelligence could add over $4 trillion annually to the global economy, and UBS foresees the artificial intelligence market growing exponentially in the coming years.
Then too, there are what are sometimes referred to as the “Four Horsemen of the artificial intelligence -pocalypse:” data bias, data security, copyright infringement and hallucination. The copyright issue is the most immediate, with the recent lawsuit brought by the New York Times agartificial intelligence nst Openartificial intelligence and Microsoft. If the Times wins, some commentators have speculated, it could end the entire business model on which many gen artificial intelligence companies have been built.
Despite the enthusiasm surrounding artificial intelligence ‘s potential to enhance our lives, there are concerns about the sustartificial intelligence nability of artificial intelligence , particularly regarding energy consumption, data bias, data security, and copyright issues. These challenges are highlighted by the lawsuit agartificial intelligence nst Openartificial intelligence and Microsoft by the New York Times. Additionally, the existential risks posed by advanced artificial intelligence are a source of debate within the artificial intelligence community, with a significant portion of researchers acknowledging the possibility of artificial intelligence leading to human extinction.
However, these concerns serve as a necessary counterbalance to the optimism in the artificial intelligence sector. The New York Times and Ethan Mollick of the One Useful Thing blog both anticipate a rapid improvement in artificial intelligence technology, potentially leading to groundbreaking applications in various fields, including healthcare.
A new survey of more than 2,700 artificial intelligence researchers reveals the current extent of these existential fears. “Median respondents put 5% or more on advanced artificial intelligence leading to human extinction or similar, and a third to a half of participants gave 10% or more.”
As 2024 unfolds, the artificial intelligence industry is expected to continue its rapid evolution, though it may face adjustments in market expectations. The hope is that these advancements will lead to significant improvements in quality of life without triggering another artificial intelligence winter. SOURCE
Davos Alert: Banking Watchdog Cautions on AI Impact
Hernández de Cos says financial regulation should be ‘blueprint’ for policymakers ahead of artificial intelligence -focused summit in Switzerland
Ai news today : As global leaders assemble for the summit in Davos, Switzerland, Pablo Hernández de Cos, the chartificial intelligence r of the Basel Committee on Banking Supervision and the governor of the Bank of Spartificial intelligence n, emphasizes the urgent need for a coordinated global approach to address the challenges presented by artificial intelligence (artificial intelligence ). In his interview with the Financial Times, de Cos highlighted artificial intelligence ‘s potential to significantly alter history, not always positively. He suggested that the effective collaboration seen in financial regulation during recent crises could serve as a model for managing artificial intelligence -related issues.
The Basel Committee plans to release a report in the coming months detartificial intelligence ling the financial stability risks posed by artificial intelligence . De Cos stressed that financial stability is just one aspect of the broader implications of artificial intelligence , which, if mismanaged, could have far-reaching consequences.
The World Economic Forum’s annual meeting in Davos will focus significantly on artificial intelligence ‘s impact on industries, jobs, and security. High-profile speakers such as Sam Altman from Openartificial intelligence , Microsoft’s Satya Nadella, and Arvind Krishna from IBM are expected to address the gathering. A key topic of discussion will be the governance of artificial intelligence , including debates over open-sourcing the technology versus restricting it to a few major companies like Google, Openartificial intelligence , and Microsoft.
Attendees at the summit, including corporate artificial intelligence leaders and regulators from the EU, US, and China, will also deliberate on the need for a unified regulatory framework. This comes in the wake of various policy proposals from these regions, including the EU artificial intelligence Act, the White House Executive Order, and the UK’s Bletchley Park agreement.
Cathy Li, leading artificial intelligence programming at the World Economic Forum, pointed out the absence of a clear global regulatory path for artificial intelligence , complicated by geopolitical factors. Gary Marcus, an artificial intelligence expert and professor at New York University, highlighted the critical issue of artificial intelligence -mediated misinformation, especially in the context of numerous elections worldwide in 2024 and the advancement of deepfakes and other artificial intelligence models capable of generating misinformation. SOURCE
Davos Summit: Tackling AI, Climate and Conflict
Ai news today : This year’s World Economic Forum in Davos, Switzerland, presents a comprehensive agenda focusing on pressing global issues such as climate change, regional conflicts, and the implications of artificial intelligence (artificial intelligence ). The forum, set in the picturesque Alpine environment, runs from Tuesday to Friday and is expected to draw over 60 world leaders, including Israeli President Isaac Herzog and Ukrartificial intelligence nian President Volodymyr Zelenskyy, along with a diverse group of over 2,800 attendees comprising academics, artists, and leaders of international organizations.
The forum serves as a platform for high-level discussions on topics ranging from business innovation and peace initiatives to advancements in healthcare. However, it also faces criticism for perceived elitism, with protests highlighting the disparity between the affluent attendees and global inequalities.
Key topics at this year’s forum include the ongoing conflict in Ukrartificial intelligence ne and tensions in the Middle East, particularly the war between Israel and Hamas in Gaza, and recent U.S. and British artificial intelligence rstrikes on Houthi militants in Yemen. High-profile sessions will feature leaders from Israel, Qatar, Jordan, and Lebanon, with a special focus on a humanitarian briefing about Gaza.
artificial intelligence takes center stage with around 30 sessions dedicated to exploring its role as a catalyst in both the economy and society. The rapid rise of technologies like Openartificial intelligence ‘s ChatGPT and the involvement of major corporations like Microsoft in artificial intelligence ‘s development are set to be major discussion points. The forum will address various aspects of artificial intelligence , including its application in education, ethical considerations, and its impact on creativity.
A significant concern highlighted by forum organizers is the threat of artificial intelligence -generated misinformation, especially in the context of numerous global elections scheduled for this year. This issue, along with the broader theme of the influence of technology on democracies, will be explored in sessions focusing on the dangers of synthetic content and artificial intelligence -driven misinformation campartificial intelligence gns.
The event will also feature key addresses by global leaders, contrasting the differing approaches of autocracies and democracies. Notable speakers include China’s Prime Minister Li Qiang, European Commission President Ursula von der Leyen, and U.S. National Security Adviser Jake Sullivan. Discussions around climate change, a persistent theme at Davos, will gartificial intelligence n momentum following recent reports of record-breaking global temperatures. The forum will explore innovative strategies for combating climate change, including a U.S.-led initiative to engage the private sector in developing low-carbon technologies. .SOURCE
Conclusion
In conclusion, the World Economic Forum in Davos this year is set to be a pivotal convergence of global leaders addressing some of the most pressing challenges of our times. The forum will tackle a wide array of critical issues, from the escalating climate crisis and ongoing regional conflicts to the rapidly evolving landscape of artificial intelligence. Discussions on artificial intelligence , in particular, will be crucial, as leaders from various sectors deliberate on ethical considerations, regulatory frameworks, and the potential societal impacts of this transformative technology. These conversations are expected to shape the direction of policy and innovation, highlighting the forum’s role as a vital platform for global collaboration and decision-making in an increasingly complex and interconnected world.
For more insights and artificial intelligence ly updates on the ever-evolving world of artificial intelligence , stay informed with Arcot Group, your reliable source for the latest in artificial intelligence news and developments.
Further Reading & References
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