AI Job Hubs

🗞️ The Tech Issue | October 6, 2023

Author

Qamar Zia
October 06, 2023

☕️ Greetings! It's Friday, October 6th. Welcome back to my daily dive into the AI landscape.

!? Despite the optimistic view that generative AI will democratize tech innovation, evidence suggests the opposite. While AI tools are becoming more accessible thanks to open-source software and licensing deals, job opportunities in the field remain heavily concentrated in traditional tech hubs. This pattern echoes the geography of previous disruptive technologies, showing that the 'winner-takes-most' dynamic still prevails. Policymakers and industry leaders must intervene to encourage a more inclusive AI landscape, focusing on investments and educational programs to diversify AI's reach. Read more on this topic here.

🗞️ Today’s Highlights:

  • LATEST NEWS & TRENDS — Generative AI will far surpass what ChatGPT can do. Here's everything on how the tech advances

  • INDUSTRY | FUNCTION — Generative AI in Industry: The Game-Changer for Production Efficiency and Knowledge Management

  • RESOURCES — Fourteen mostly free Generative AI courses in October 2023

  • WORK — The Rise of Generative AI and the Jobs That Follow

  • AI TOOLS — InterviewBot: Ace the interview. Get the job.

  • CHARTS — What Generative AI Could Mean for Supply Chains

🗞️ LATEST NEWS & TRENDS

1️⃣ Generative AI, spearheaded by ChatGPT, is experiencing astronomical growth, making it a hot arena for tech giants and startups alike. Not limited to text, these programs are entering "multi-modality," combining text, images, and more. This leap is powering continuous learning and could boost robotics. But there's room for evolution. While they currently serve as individual "copilots," the future looks toward team collaboration. Moreover, experts call for expanding beyond text to capture the "multi-modal-ness" of the world for more dynamic applications.

2️⃣ Big tech is throwing billions into AI labs like OpenAI and Anthropic, fueling a sort of AI gold rush. These investments offer a win-win: AI labs get much-needed resources, and tech giants get a shortcut to the latest AI advancements. But it's not all rosy. The fierce competition is making these labs less likely to share valuable research, slowing down collective progress and leaving smaller players in the dust. On the bright side, the open-source community is still making strides, offering a glimmer of hope for AI's future.

3️⃣ Visa's got its eyes set on the future of AI and commerce. They're dropping $100 million through Visa Ventures to back companies doing cool things with generative AI. They've been into AI since the '90s, but now they want to accelerate how this tech changes our buying habits. They're flexible about how many companies they'll back but are looking for those solving real-world issues in commerce and fintech. With a focus on everything from data to user experiences, Visa aims to be a key player in the next wave of AI-led commerce.

4️⃣ Retail leaders and tech execs are buzzing about generative AI's game-changing potential across all business functions. However, there's also a slice of caution in the pie. Kathy Baxter of Salesforce stresses that ethical and transparent adoption is key. She lays out five focus areas: Accuracy, Safety, Honesty, Empowerment, and Sustainability, as guiding principles. The tech isn't a "set-and-forget" solution, requiring ongoing oversight to tackle issues like bias and inaccuracy. It's a high-reward, high-responsibility situation.

5️⃣ Warner Music Group CEO Robert Kyncl thinks music is ripe for an AI makeover. Speaking at the 2023 Code Conference, he highlighted music's adaptability to tech trends. Unlike the film and TV sectors facing union strikes, music is chugging along. Subscription models have ballooned to 700 million users worldwide, thanks to early push by Spotify. Kyncl is optimistic about more growth in emerging economies and optimizing prices in established markets. He even argued that music subscriptions offer bang for your buck compared to services like Netflix.

🗞️ INDUSTRY | FUNCTION

Generative AI is shaking up the industrial sector big time, automating 35% of work hours and boosting efficiency. Way ahead of lean management's 6% productivity bump, it also outpaces fields like tourism and retail in automatability. Think real-time quality checks and personalized chatbot tips. Not just a shiny new toy, it's becoming a game-changer in reporting, planning, and even HR. Marcin Szczuka of Bain & Company urges managers to hop on board. And hey, a global survey shows factories adopting digital tech are hitting their goals easier. How's that for progress?

🗞️ RESOURCES

Fourteen mostly free Generative AI courses in October 2023:

🗞️ WORK

Generative AI is reshaping the global work landscape, automating roles like data entry and legal research while birthing new, specialized jobs. It's making businesses smarter, driving efficiencies in operations from marketing to R&D. But fear not—AI isn't taking over completely. Jobs demanding critical thinking, creativity, and emotional intelligence are still human territory. To stay ahead, focus on the human strengths that AI can't replicate and get savvy about ethical and practical AI applications. It's not about replacement; it's about collaboration and evolution.

🗞️ AI TOOLS

🧰 Guidde: Magically create, how-to guides, FAQs, feature notes, SOPs, and training material with Guidde AI.

🧰 DimeADozen: Use A.I. to instantly validate business ideas, save valuable time, decide to pivot, and invest wisely.

🧰 10Web: Create a website using AI Website Builder.

🧰 InterviewBot: Ace the interview. Get the job.

🧰. PodSift: Stay up to date on all of your favorite podcasts. Get AI-generated summaries sent straight to your inbox.

Disclaimer: 1) The tool descriptions are from the company behind each tool/app. 2) Please read the site details thoroughly before using and/or acquiring any of the tools listed above. We have not tested these tools and we will not be liable for anything.

🗞️ CHARTS

 👀 AI is shaking up the sourcing and procurement game, offering a whole new level of efficiency and insight. This tech not only speeds up content creation but also dives into scenario-based results, automation, and actionable insights for better supplier negotiations. It's a game-changer for CPOs and CFOs looking to improve efficiency and manage risks, especially with inflation on the rise. It's not just about making processes faster; it's about smarter, data-driven decisions that could redefine procurement from the ground up.

Disclaimer: The audio-visual content is courtesy of the source provided above.

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I'm not a newsletter expert so you might find my approach a tad different. In my daily dives into the world of AI, I handpick the latest gems, initially to support the AI projects that I’m working on. Realizing that these snippets might resonate with others, I thought, "Why not share this with my community and fellow AI enthusiasts?" I truly want this newsletter to be valuable to you so if there's anything on your mind—praises, critiques, or just a hello—please drop me a note. You can hit reply or shoot me a message directly at my email address: [email protected].

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