"If you're struggling to sort the AI hype from reality, you're not alone. The seemingly breakneck pace of AI development makes it tough to sort headlines from fantasy, with a constant flood of new products and incremental improvements to old ones combining into a rhetorical mess. Arguably the main economic risk of developing artificial intelligence - or its biggest draw, if you're a business owner trying to pad your bottom line - is the prospect of automating jobs."
"Their first finding was a dramatic decline in employment for entry-level knowledge workers aged 22 to 25 years old, whose occupations are at the highest theoretical risk for automation - a metric called " AI exposure." These are workers in office gigs whose day-to-day tasks have a lot of crossover with AI functions, like software engineers, service workers, and marketing professio"
Rapid AI development produces a constant flood of new products and incremental improvements that blur hype and reality. The primary economic impact is potential job automation. The US labor market shows mixed signals: recent declines overall and heavier impacts on 'laptop workers' vulnerable to automation coexist with AI systems that still struggle to match human performance. Many AI initiatives fail to deliver expected revenue returns, reportedly at 95 percent of companies that deploy them. Three years of payroll records across millions of US workers and tens of thousands of businesses reveal a sharp employment decline among entry-level knowledge workers aged 22 to 25, whose office tasks overlap heavily with AI functions.
Read at Futurism
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