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- 🤖 AI Impacts 40% of Jobs Across the Globe
🤖 AI Impacts 40% of Jobs Across the Globe
PLUS: Microsoft’s New Copilot Pro
James Roesser
January 16, 2024
Welcome back AI enthusiasts!
In today’s AI Report:
🤯AI Impacts 40% of Jobs Across the Globe
🏆Microsoft’s New Copilot Pro
🛠5 Trending Tools
💰Venture Capital Updates
💼Who’s Hiring?
Read Time: 3 minutes
🗞RECENT NEWS
INTERNATIONAL MONETARY FUND (IMF)
🤯AI Impacts 40% of Jobs Across the Globe
Image Source: Yuri Gripas/REUTERS
The International Monetary Fund (IMF) believes 40% of jobs across the globe could be impacted by the rise of AI systems, with high-income economies bearing greater risk than emerging markets.
Key Details:
The IMF assessed the potential impact of AI models on the global labor market, discovering that 60% of jobs could be altered in high-income nations.
AI applications capable of performing essential tasks currently done by humans could “lower labor demand, leading to lower wages and reduced hiring.”
The IMF also claims AI models will complement high-income workers, disproportionately increasing their income levels, boosting their company’s capital returns, and exacerbating inequality.
Why It’s Important:
This technological revolution could streamline productivity, boost global growth, and raise incomes worldwide. It could also replace jobs and promote financial inequality.
Countries must develop social safety nets and offer retraining programs for vulnerable workers to boost the economy and curb inequality.
🩺 PULSE CHECK
What global labor market do you believe will be impacted by AI the most?Vote Below to View Live Results |
MICROSOFT
🏆Microsoft’s New Copilot Pro
Image Source: Shannon Stapleton/REUTERS
Microsoft will offer Copilot Pro for individuals to access AI-powered features in Office apps like Word, Excel, and PowerPoint.
Key Details:
Microsoft 365 Personal or Home users can pay an additional $20 monthly to unlock AI features in Office apps like rephrasing paragraphs, generating text, or summarizing documents in Word.
Consumers can subscribe to Copilot Pro to gain priority access to GPT-4 Turbo inside Copilot, which performs faster during peak times.
Copilot Pro also includes access to the latest OpenAI models and the ability to build your own Copilot GPT.
Why It’s Important:
Microsoft initially launched its AI-powered Office features for businesses. Now, the company is targeting consumers to grow sales beyond large enterprises.
Investors and stakeholders have been begging Microsoft to capitalize on the generative AI demand in “operating systems, cloud, productivity, web search, and security.”
Microsoft CEO Satya Nadella explained how AI models are central to the software company’s identity: “Our vision is pretty straightforward. We’re the Copilot company.”
🛠TRENDING TOOLS
🍖Dinnerfy puts family dinner on autopilot in 3 clicks.
🧳Hermeso is a personal travel guide who tailors suggestions to your budget needs and dietary restrictions.
🧠Antispace translates human thoughts to actions.
📑Humata summarizes long technical papers with ease.
🎬Spikes converts long-form videos into viral clips.
💰VENTURE CAPITAL UPDATES
💼WHO’S HIRING?
🤖PROMPT OF THE DAY
ACCOUNTING
📂Financial Statements
Provide a financial statement containing an income statement and balance sheet using the following data: [Data Inputs (e.g., Revenue, Expenses, Gains, Losses, etc.)].
Data Inputs = [Insert Here]📒FINAL NOTE
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