The AI boom could go one of 2 ways, and the path companies choose could make or break the US workforce
Additionally, while many S&P 500-sized corporations might be well positioned to reap the rewards of the AI boom, smaller companies — and their employees — might not see the same benefits, Carl Benedikt Frey, an Oxford University economist, told Insider.
"AI will make superstar companies more productive and profitable, but those profits might be achieved at the expense of other companies," he said."Think of Amazon, which has expanded enormously, using both AI and robots, while local retailers have paid the price." Even among workers at large companies that effectively incorporate AI, not every worker will see the benefit of these increased profits, Mark Muro, a senior fellow at the Brookings Institution who has researched AI's impact on the American workforce, told Insider.
"Workers' experiences may be more dependent on the nature of their firms' adoption of these technologies," he said."Are they adopted in a spirit of improving processes and creating more and better output? Or are they used crudely just to get rid of workers? That's a difference between 'good AI' and 'bad AI.'"
"Where the profits go will depend on how AI is used," he said."If AI is used to automate existing tasks, or simply to monitor the workforce, turning employees into robots dancing in tune, the gains will go to owners of capital. If, on the other hand, we use AI for innovation, to create new products or even industries, that will increase the demand for workers — prompting wages to rise," Frey added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Corporate VCs ride AI waveGenerative artificial intelligence is all the rage in startup-land, and corporate venture capital investors don’t want to be left out.
Consulte Mais informação »
Hedge fund scores $5 billion gain on Nvidia stock as AI boom rages onA secretive US hedge fund has likely notched a $5 billion gain on Nvidia stock this year as the AI boom rages on
Consulte Mais informação »
Cardano DeFi Boom Results in More Than 2 Million Transactions in Less Than a MonthIn the rapidly growing decentralized finance (DeFi) sector, Cardano has emerged as a key player, recording a staggering 2 million transactions in May
Consulte Mais informação »
Arizona travelers part of expected Memorial Day boomSome 887,000 holiday travelers this weekend will be from Arizona, according to AAA.
Consulte Mais informação »
7 top small-cap stocks to buy now: Top-1% fund managerBuy these 7 small-cap stocks that can crush the market in any economy, according to a fund manager who outperformed 99% of his peers last year
Consulte Mais informação »
Twitter engineering boss quit day of DeSantis' botched campaign launchInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »