AI may boost productivity, but we are already becoming reliant on it, and that’s a problem

AI may boost productivity, but we are already becoming reliant on it, and that’s a problem

by • AI, News, Technology, Workplace

A Stanford report says that as AI continues to develop, navigating its benefits and potential drawbacks will be crucial.Just ten years ago, AI systems couldn’t even classify images as well as humans. Now, they’re routinely outperforming people on a range of tasks, according to a new report from the Stanford Institute for Human-Centered Artificial Intelligence (HAI). The 2024 AI Index is the latest update to the annual analysis of trends in artificial intelligence. Led by a team of experts from academia and industry, it’s one of the most in-depth reports on the technology and its impact available. This year’s edition tracks research, development, technical performance, responsible practices, economics, policy, public opinion, and more. More →

Majority of people feel confident in their ability to adapt to era of AI

Majority of people feel confident in their ability to adapt to era of AI

by • AI, News, Technology, Workplace

Following yesterday’s news about the fears CEOs harbour with the advent of AI in the workplace, a new poll from Indeed suggests that nearly 9 in 10 UK workers (89 percent) feel confident in their ability to adapt to change over the next five years. According to the survey, nearly two-thirds (63 percent) feel the skills needed for their role will change in the next five years, with 15 percent expecting significant changes. More →

Half of bosses now live in fear that AI could steal their jobs

Half of bosses now live in fear that AI could steal their jobs

by • AI, News, Technology

Hundreds of UK chief executives believe that artificial intelligence (AI) could steal their job, underlining widespread fears over the technology’s potential to shake up traditional working modelsHundreds of UK chief executives believe that artificial intelligence (AI) could steal their job, underlining widespread fears over the technology’s potential to shake up traditional working models. Nearly half (43 percent) of CEOs said they felt that their job could be at risk due to the technology, according to a new poll from AND Digital. The survey has been published in The CEO Digital Divide: are you accelerating enterprise value or slowing it down [registration], which surveyed 600 global CEOs and was conducted by independent research company Censuswide. More →

Microsoft announces new London AI research hub

Microsoft announces new London AI research hub

by • AI, News, Property, Technology

Microsoft AI is opening a new AI hub in Central London. The firm claims that the new Paddington based centre, dubbed Microsoft AI London will ‘drive pioneering work to advance state-of-the-art language models and their supporting infrastructure, and to create world-class tooling for foundation models’, collaborating closely with AI teams across Microsoft and with its partners, including OpenAI.  More →

AI turns out to be an effective administrator for academics

AI turns out to be an effective administrator for academics

by • AI, News, Technology

Researchers Maximilian Koehler, PhD candidate at ESMT, and Henry Sauermann, professor of strategy at ESMT, explore the role of AI, not as a “worker” performing specific research tasks such as data collection and analysis, but as a “manager” of human workers performing such tasks. Algorithmic management (AM) suggests a significant shift in the way research projects are conducted and can enable projects to operate at larger scale and efficiency. The study Algorithmic Management in Scientific Research is published in the journal Research Policy. More →

Policy response will determine if opportunities of AI in the workplace outweigh the risks

Policy response will determine if opportunities of AI in the workplace outweigh the risks

by • AI, News, Technology, Workplace

A new OECD report Using AI in the Workplace sets out to sheds light on the multifaceted impact of AI adoption, emphasising both its benefits and potential risksA new OECD report Using AI in the Workplace sets out to sheds light on the multifaceted impact of AI adoption, emphasising both its benefits and potential risks. According to the report, AI can bring significant benefits to the workplace. In the OECD AI surveys of employers and workers, four in five workers say that AI improved their performance at work and three in five say that it increased their enjoyment of work. But the benefits of AI depend on addressing the associated risks. Taking the effect of AI into account, occupations at highest risk of automation account for about 27 percent of employment in OECD countries. More →

US and UK sign agreement on AI safety

US and UK sign agreement on AI safety

by • AI, News, Technology

In a landmark agreement, the United States and the United Kingdom have pledged to collaborate on testing advanced AI safetyIn a landmark agreement, the United States and the United Kingdom have pledged to collaborate on testing advanced artificial intelligence (AI). This is the first-ever bilateral deal of its kind focused on AI safety. This agreement builds on commitments made at the AI Safety Summit last year, where both countries established AI Safety Institutes. These institutes will work together to develop robust methods for evaluating the safety of AI tools and systems. More →

Up to 8 million UK jobs already at risk from AI without intervention

Up to 8 million UK jobs already at risk from AI without intervention

by • AI, News, Technology

An analysis of the impact of generative artificial intelligence (AI) on the UK labour market uncovers a ‘distinct sliding doors moment’, with possibilities for huge job disruption in future or significant GDP gains, depending on government policy. The report from think tank the IPPR claims to identify two key stages of generative AI adoption: the first wave, which is here and now, and a second wave in which companies will integrate existing AI technologies further and more deeply into their processes. More →

AI will leave a lot of people with nowhere to go in the job market

AI will leave a lot of people with nowhere to go in the job market

by • AI, News, Technology, Workplace

Non-graduates, 'silver surfers' and those in lower socio-economic brackets will be left behind as AI creates a 'skills glass ceiling'Non-graduates, ‘silver surfers’ and those in lower socio-economic brackets will be left behind as the rise of AI creates a ‘skills glass ceiling’. That’s according to the latest Robert Half Jobs Confidence Index (JCI) – an economic confidence tracker produced in partnership with the Centre for Economics and Business Research (Cebr). The latest iteration of the Robert Half JCI revealed that almost half (45 percent) of the UK workforce is concerned that AI will disrupt their career in the next six to ten years. More →

AI is already transforming the legal sector, but challenges remain

AI is already transforming the legal sector, but challenges remain

by • AI, Comment, Technology

As AI technologies continue to gain traction, just about every sector you can think of is going to face huge changes in the coming years – and that’s especially the case in the legal industry. From the rise of large language models (LLMs) to the integration of AI into existing software, this cutting-edge technology is already uprooting the way we work now, and it’s making us think deeply about what work will look like in the future. More →

People are simply ignoring bans on AI use at work

People are simply ignoring bans on AI use at work

by • AI, News, Technology

Employees say they are ignoring AI bans because it makes them more productive and better at their jobsOlder readers may remember a phenomenon called Bring Your Own Device (BYOD) which marked the point at which employers gave up worrying about people using their own phones at work and instead made it look like it was their idea anyway. A similar arc seems to be happening with AI, as people simply ignore their employers’ attempts to manage its use. A new poll from comms firm Definition suggests that over half of employed UK adults (54 percent) use tools like ChatGPT at work, despite 25 percent of businesses banning or significantly limiting its use. We have no other information on the methodology beyond that it was of 1,000 people. More →

Potential of AI is putting a smile on the faces of optimistic CEOs

Potential of AI is putting a smile on the faces of optimistic CEOs

by • AI, Business, News, Technology

CEOs are embracing artificial intelligence (AI) and investing in reskilling their people to ensure they have the capabilities to successfully exploit new technologies. The CEOs of the world’s largest companies are increasingly optimistic about future growth, with 66 percent highly positive about the global outlook over the next three to five years. This is the headline finding of the second annual Arthur D. Little (ADL) CEO Insights Study, which was launched today. The study found that whatever their strategy or sector, global CEOs are increasing their growth investments. Artificial intelligence (AI) is seen as crucial to growth, with 96 percent of CEOs having already deployed AI in some form, although, demonstrating the early stages of its adoption, just 13 percent have a compelling, enterprise-wide AI strategy in place. More →

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