Tag: Unemployment

Recent fears over AI causing unemployment are increasing, as many workers report losing their jobs to technology. A content-writer claims his work was replaced by an AI system: ChatGPT. With 3,900 job losses due to AI in May alone, some fear up to 300 million full-time jobs could be replaced by AI. However, the UN's Department of Economic and Social Affairs suggests that AI replacing the majority of jobs is unrealistic, as it is not versatile or adaptable enough. Some workers are adapting by entering trades that AI hasn't yet picked up.

In this article, Josh Lipsky, Senior Director of the Atlantic Council’s GeoEconomics Center, talks about the potential debt default and its potential effects on US economy i.e. recession, higher unemployment and fewer government benefits. Also, Bank of America analysts shed light on potential liquidity drain due to Treasury Department’s issuance and how smaller firms may benefit in the housing market.

Google introduces 'Bard chatbot', allowing users to access a wide range of tasks like school assignments, travel advice, and more. Google hopes to make AI more helpful for their customers by continuing to improve AI principles. With potential risks such as false news and job-weakening, Google and others like ChatGPT seek to build trust through traditional testing. Get more reliable and trustworthy AI solutions with Google!

Gain an understanding of the U.S. debt ceiling, a factor that could hold implications for the global economy, with the help of AI-based ChatGPT. Hear a breakdown of the complex topic as provided by Yahoo Finance with the "ChatGPT explains the U.S. debt ceiling #shorts" video and learn more about the consequences of a growing debt ceiling.