Artificial intelligence (AI) was responsible for 3,900 job cuts in May, making it the seventh-highest contributor to employment losses in the US, according to a report by outplacement firm Challenger, Gray & Christmas. The report also revealed that layoff announcements from US-based employers reached more than 80,000 in May, a 20% increase from the prior month and almost four times the level for the same month last year. The AI industry is expected to grow to more than $1tn, with generative AI creating new jobs. Original article: AI eliminated nearly 4,000 jobs in May, report says  read more >

"Artificial Intelligence (AI) is revolutionizing the job market, presenting exciting prospects for career advancement."—AI-Powered Professions: Unlocking a World of New Career Opportunities | by Lukas Highway | Jun, 2023 | Medium  read more >

"according to a separate 2023 study, managers and employees disagree about the impact: The former believe that remote working reduces productivity, while employees believe the opposite."—History suggests we can't predict how AI will affect the workforce  read more >

"In the context of copywriting and SEO, AI will play a significant role, providing new opportunities and giving rise to innovative professions."—AI-Powered Professions: Unlocking a World of New Career Opportunities | by Lukas Highway | Jun, 2023 | Medium  read more >

"For example, while the broad shift toward remote work could help promote diversity with more flexible hiring, I see the increasing use of AI as likely to have the opposite effect. Black and Hispanic workers are overrepresented in the 30 occupations with the highest exposure to automation and underrepresented in the 30 occupations with the lowest exposure. While AI might help workers get more done in less time, and this increased productivity could increase wages of those employed, it could lead to a severe loss of wages for those whose jobs are displaced. A 2021 paper found that wage... read more >

The article is about Brilliant, an interactive learning platform for math and computer science. It offers guided problem-solving lessons that are effective and fun, with the ability to master concepts in just 15 minutes a day. The platform has over 10 million users and 50,000 5-star reviews on the iOS App Store and Google Play. Brilliant provides visual, interactive lessons that make complex ideas intuitive, with real-time feedback and simple explanations. It offers courses for students and professionals alike, with progress tailored to individual levels. Courses are crafted by award-winning...... read more >

The Generative AI: Executive Strategies to Unlock Enterprise Value program offered by Kellogg Executive Education aims to equip executives with the knowledge and skills to implement an AI strategy for their organization, infuse AI into core functions and business processes, and explore issues of competition, governance, and ethics. The program covers topics such as generative AI use cases, building an AI-ready platform and organization, and putting generative AI to work. The program is designed for C-level executives, division presidents, and vice presidents, as well as senior managers and... read more >

The Generative AI: Executive Strategies to Unlock Enterprise Value program offered by Kellogg Executive Education aims to equip executives with the knowledge and skills to implement an AI strategy for their organization, infuse AI into core functions and business processes, and explore issues of competition, governance, and ethics. The program covers topics such as generative AI use cases, building an AI-ready platform and organization, and putting generative AI to work. The program is designed for C-level executives, division presidents, and vice presidents, as well as senior managers and... read more >

A survey conducted by Clarify Capital, a small business lender, found that GPT-4-generated pitches were three times more likely to secure funding than human ones. The survey asked 250 investors and 250 business owners to rate a set of human-created and GPT-4-generated pitch decks without letting the participants know that AI was involved. The AI-generated pitches beat out human ones in quality, key element description, and problem description. The survey also tested the effectiveness of the decks across different industries, including finance, marketing, and investment. Original article:... read more >

IBM CEO Arvind Krishna has announced that the company will pause or slow hiring for roles that could be replaced by AI in the coming years. Back-office positions and departments such as HR, which make up around 26,000 positions in IBM's workforce, could see up to 30% of jobs replaced by AI and automation over a five-year period, potentially affecting around 7,800 human jobs. However, IBM is still hiring for customer-facing and software development roles. Original article: IBM Pauses Hiring to Onboard AI Instead  read more >