Artificial intelligence early adopters in the workplace are profiting

AI News

• Artificial intelligence early adopters in the workplace are profiting. Workers who are using artificial intelligence are more likely to have received recent salary increases that have outpaced inflation and are more likely to say they have opportunities to advance their careers.

• Nine out of ten developers admitted using A.I. coding tools, illuminating just how quickly A.I. is invading the workplace. Developers say AI coding tools help them meet existing performance standards with improved code quality, faster

• According to a recent survey, investors and business owners were three times (3X) more likely to invest after reading a pitch deck created by GPT-4 than by humans, and found the AI-generated decks twice as convincing.

• Wordpress launches an AI writing assistant for the popular blogging and content management system.

• New Tool Reveals How AI Makes Decisions. Large language models such as ChatGPT tend to make things up. A new approach now allows the systems to explain their responses—at least partially

AI Forecasts

• Microsoft predicts AI Will Help Drive $100 Billion In Revenue By 2027

• McKinsey’s latest research estimates generative AI could add the equivalent of $2.6 trillion to $4.4 trillion annually across the 63 use cases (for comparison, the United Kingdom’s entire GDP in 2021 was $3.1 trillion). And this estimate would roughly double if we include the impact of embedding generative AI into software that is currently used for other tasks beyond those use cases.

  • About 75 percent of the value that generative AI use cases could deliver falls across four areas: Customer operations, marketing and sales, software engineering, and R&D.

  • Banking, high tech, and life sciences are among the industries that could see the biggest impact as a percentage of their revenues from generative AI.

  • The pace of workforce transformation is likely to accelerate.

  • Combining generative AI with all other technologies, work automation could add 0.2 to 3.3 percentage points annually to productivity growth. However, workers will need support in learning new skills, and some will change occupations. If worker transitions and other risks can be managed, generative AI could contribute substantively to economic growth and support a more sustainable, inclusive world.

AI Learning

• In a bid to bridge the knowledge gap in the rapidly evolving field of artificial intelligence (AI), Google has launched a series of free generative AI courses. The courses aim to upskill individuals for future jobs, particularly in the realm of AI and machine learning.

• AI has changed the job hunting process forever. Here are 10 AI tools to help you land your dream job: