April 15, 2024
Half of bosses now live in fear that AI could steal their jobs
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 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…)
April 9, 2024
Microsoft announces new London AI research hub
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…)
April 3, 2024
AI turns out to be an effective administrator for academics
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…)
April 2, 2024
Policy response will determine if opportunities of AI in the workplace outweigh the risks
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 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…)
April 2, 2024
US and UK sign agreement on AI safety
In 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…)
March 27, 2024
Up to 8 million UK jobs already at risk from AI without intervention
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…)
March 25, 2024
AI will leave a lot of people with nowhere to go in the job market
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…)
March 20, 2024
People are simply ignoring bans on AI use at work
Older 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…)
March 14, 2024
Potential of AI is putting a smile on the faces of optimistic CEOs
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…)
March 14, 2024
Most firms set to invest in AI but half admit they don’t know why or how
A new poll from Orgvue, an organisational design and planning software platform, suggests that businesses continue to ramp up investment in artificial intelligence despite being unclear on its business impact or how to implement it. Four in five (82 percent) of organisations have already invested, with another 33 percent saying they will increase this by more than 50 percent in the coming year. Based on a survey of 1,000 C-suite and senior decision makers at medium and large organisations, the report, Human-first, machine enhanced: the role of AI in workforce transformation, highlights contradictions in the business community concerning technology investment and AI’s impact on the workforce. (more…)
March 13, 2024
Government scheme will see thousands more people train in technologies like AI
Thousands of individuals across the UK will receive training and qualifications in cutting-edge technologies like artificial intelligence (AI) as part of new government initiatives. Additionally, other transformative fields such as medicine, 6G, and quantum computing are also part of this initiative. The driving force behind the move is a substantial investment of over £1.1 billion aimed at enhancing the country’s skill base. (more…)
March 21, 2024
AI is already transforming the legal sector, but challenges remain
by Sarah Murphy • AI, Comment, Technology