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Artificial intelligence (AI) will replace 40% of jobs worldwide within 15 years, posing a faster and unprecedented challenge compared to previous technological revolutions.
Artificial intelligence (AI) will replace 40% of jobs worldwide within 15 years, posing a faster and unprecedented challenge compared to previous technological revolutions.
AI will replace 40% of jobs worldwide within 15 years, including truck drivers, chefs, waiters, and the automation of stores and restaurants.
AI will displace 40% of jobs in 15-25 years, posing a challenge that is faster than previous technological revolutions.
Key insights
Key insights
💼 According to a venture capitalist, AI will displace about 40% of jobs in the world within the next 15 years.
🌍 The speed at which AI is advancing poses a threat to the fabric of society, raising concerns about the potential consequences of widespread job displacement.
Employers are using data and AI to help workers transition careers and provide training opportunities, leading to improved job satisfaction and brand perception.
Employers are using data and AI to help workers transition careers and provide training opportunities, leading to improved job satisfaction and brand perception.
Employers are using data and AI to help workers transition careers in preparation for ongoing technological advancements as the US labor market rebounds with over 900,000 jobs added in March.
The US labor market is rebounding with over 900,000 jobs added in March, indicating a potential strong recovery in 2021, although certain jobs may not come back.
Layoffs in industries susceptible to automation are increasing, prompting employers to use data and AI to help workers transition careers in preparation for the ongoing technological advancements.
Fortune 500 companies are using Future Fidei's AI platform to help laid-off employees transition to new careers by providing them with training and reskilling opportunities.
Using a comprehensive dataset, AI can identify potential career transitions for individuals and determine the most effective training programs to help them successfully transition to new roles.
Employees can equip themselves with new skills at no cost, leading to high job placement rates and improved job satisfaction, while employers can reallocate existing budget for outplacement to support career transitions.
Partners focus on brand perception by reducing the risk of negative.
Reducing litigation risk and improving employee attraction and retention are important for companies undergoing layoffs, as it affects their reputation and desirability as an employer.
Companies that don't support laid off employees will suffer from brand perception consequences, and it raises the question of the societal standards we hold for corporations.
Future Fit AI ensures equity and inclusion by designing algorithms that do not perpetuate biases, recommending career paths based on a person's skills and potential rather than their background.
Key insights
Key insights
💼 Some jobs may never return, highlighting the need for workers to adapt and retrain in order to stay relevant in the changing job market.
🌐 Future Fidei's AI platform acts as a GPS for employees' careers, providing training and reskilling to ensure a successful transition to their next job.
💼 By analyzing successful career transitions, AI can identify possible careers for individuals and recommend the most effective training programs to help them reach their goals.
💼 The ROI for employees in retraining is not just about finding new job prospects, but also about the quality of the placement, employee satisfaction, and salary improvement.
💼 Layoffs can have negative implications for a company's reputation and ability to attract and retain employees.
🏢 The question of how corporations should be held accountable by society is a broader issue that includes the responsibility to support workers in career transitions.
🌍 Future Fit AI is committed to equity and inclusion by designing algorithms that do not perpetuate systematic barriers or biases, ensuring that career recommendations are based on a person's skills and potential rather than their background.
Every job replaced by Ai or robots should pay a tax equal to the job they replaced
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Taylor Stockton, Chief Operating Officer of FutureFit AI, explains how his company uses data and artificial intelligence to help workers with their career transitions. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: / bloomberg Breaking News on YouTube: / bloombergquicktakenews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake
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