AI will eliminate 83M jobs over the next five years! 🤯

23 August 2023 | Issue #11

For those of us of a certain age, we remember life before the Internet. It may be hard to remember, but the actual integration of the web into our every day lives took a while to complete. I got my first school email address in 1995, even though I was using an internal messaging system a few years befoe that.

The time between my first email address and my first personal email address was almost four years. I'm telling you, it took a while before the need and infrastructure were ready for people to adopt new technologies we now take for granted.

The AI revolution is moving much faster. The infrastructure is already in place. We don't have to wait for things to be built out. The access technology will improve, but anyone who wants to use genAI technology can use it now.

By the way, I'm glad I'm seeing more people use the term genAI. It's much catchier than generative AI.

We already see models moving up the dates when AI will achieve certain benchmarks. But this means genAIs' impact on knowledge workers will arrive earlier than predicted, too.

Last week I linked to my thoughts on a recent Business Insider article on AI's impact on jobs. There were so many good stats in there that I had to make an infographic so you can easily see how AI could impact your work.

NEWS AT THE INTERSECTION OF MARKETING, DESIGN, & AI

🎓 40% of Workers Will Have to Reskill in the Next Three Years Due to AI, Says IBM Study

As we know, AI is reshaping the workforce. Rather than fearing AI, the study suggests that people should leverage it, as it's not necessarily replacing jobs but augmenting roles and shifting skill priorities.

The study estimates that 40% of the global workforce, or 1.4 billion people, will need to reskill in the next three years due to AI implementation
Those who successfully adapt to technology-driven job changes report a revenue growth rate premium of 15%, and those focusing on AI see a 36% higher revenue growth rate than their peers

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Tech influencer Evan Kirstel currently has a poll running on LinkedIn about the impact AI will have on jobs. What do you think?

🤖 Everything That Can Be LLM-ed, Will Be

David Armano digs into this idea in his most recent newsletter. David highlights examples like McKinsey's Enterprise LLM application "Lilli" and Morningstar's LLM "Mo," demonstrating how these technologies are becoming the norm for many organizations.

Enterprise LLMs are in the early stages, and they have the potential to transform how organizations interact with their data, enabling more natural, conversational experiences with employees, customers, and more
The shift from Graphic User Interface (GUI) to Conversational User Interface (CUI) is underway, and it's paving the way for a more personalized and human-like interaction with systems, backed by the power of AI
LLMs are not something you need to understand, but it's good to know the basics

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By the way, it's good career and life advice to listen to whatever David says. David is who I want to be when I grow up.

✍🏻 ChatGPT Took My Job in Copywriting. You Could Be Next

It's not just designers who are at risk. This author shares her journey from a comfortable freelance career to struggling to find work in an oversaturated market, all thanks to the rise of AI in the writing industry.

The adoption of AI like ChatGPT by small businesses and startups is cutting costs but also leading to job losses in creative fields, even those once thought safe from automation
Emily's experience serves as a warning on the broader impact of AI on various professions, highlighting the tension between technological advancement and human livelihood

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