Discover why companies are banning ChatGPT, a popular AI chatbot, due to privacy and security risks. Find out how it can be useful but also problematic.
Tech workers may see job security diminishing with the rise of generative AI, warns billionaire Ken Griffin. Finance firms still need technologists, but coders must add maximum value in this post-ChatGPT world. Meanwhile, financial giants like BlackRock and Goldman Sachs continue to make strategic moves while entrepreneurs like Kim Kardashian make their mark in private equity. Don't miss the immune-boosting drinks to soothe your sore throat!
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Tech giants like Microsoft, META, and Salesforce have implemented job cuts these past few months to maximize their profits. According to Indeed, job postings for software developers have decreased by more than half since the beginning of 2021. AI technology is predicted to replace jobs in the future and this could drastically reduce the need for human workers. Urs Hoelzle, an engineering head at Alphabet, has already begun to institute automation in the workforce. Meta has also frozen recruitment and is working on ways to become more efficient. This could mean that the tech industry could face uncertain times ahead.
Sundar Pichai, the CEO of Google, recently discussed the implications of AI on the world today in an interview with CBS' "60 Minutes", mentioning its potential to impact jobs and aiding medical diagnosis. He added that Google’s AI chatbot ChatGPT has the potential to be hired as an entry-level software engineer. OpenAI's ChatGPT has become popular with its 100 million users, which is what inspired Google to develop its own AI product, Bard. Google is dedicated to making its products accessible to everyone, and Pichai is leading this effort with his vision.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?