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CEOs Have Started Warning: AI is Coming For Your Job

1 month 2 weeks ago
It's not just Amazon's CEO predicting AI will lower their headcount. "Top executives at some of the largest American companies have a warning for their workers: Artificial intelligence is a threat to your job," reports the Washington Post — including IBM, Salesforce, and JPMorgan Chase. But are they really just trying to impress their shareholders? Economists say there aren't yet strong signs that AI is driving widespread layoffs across industries.... CEOs are under pressure to show they are embracing new technology and getting results — incentivizing attention-grabbing predictions that can create additional uncertainty for workers. "It's a message to shareholders and board members as much as it is to employees," Molly Kinder, a Brookings Institution fellow who studies the impact of AI, said of the CEO announcements, noting that when one company makes a bold AI statement, others typically follow. "You're projecting that you're out in the future, that you're embracing and adopting this so much that the footprint [of your company] will look different." Some CEOs fear they could be ousted from their job within two years if they don't deliver measurable AI-driven business gains, a Harris Poll survey conducted for software company Dataiku showed. Tech leaders have sounded some of the loudest warnings — in line with their interest in promoting AI's power... IBM, which recently announced job cuts, said it replaced a couple hundred human resource workers with AI "agents" for repetitive tasks such as onboarding and scheduling interviews. In January, Meta CEO Mark Zuckerberg suggested on Joe Rogan's podcast that the company is building AI that might be able to do what some human workers do by the end of the year.... Marianne Lake, JPMorgan's CEO of consumer and community banking, told an investor meeting last month that AI could help the bank cut headcount in operations and account services by 10 percent. The CEO of BT Group Allison Kirkby suggested that advances in AI would mean deeper cuts at the British telecom company... Despite corporate leaders' warnings, economists don't yet see broad signs that AI is driving humans out of work. "We have little evidence of layoffs so far," said Columbia Business School professor Laura Veldkamp, whose research explores how companies' use of AI affects the economy. "What I'd look for are new entrants with an AI-intensive business model, entering and putting the existing firms out of business." Some researchers suggest there is evidence AI is playing a role in the drop in openings for some specific jobs, like computer programming, where AI tools that generate code have become standard... It is still unclear what benefits companies are reaping from employees' use of AI, said Arvind Karunakaran, a faculty member of Stanford University's Center for Work, Technology, and Organization. "Usage does not necessarily translate into value," he said. "Is it just increasing productivity in terms of people doing the same task quicker or are people now doing more high value tasks as a result?" Lynda Gratton, a professor at London Business School, said predictions of huge productivity gains from AI remain unproven. "Right now, the technology companies are predicting there will be a 30% productivity gain. We haven't yet experienced that, and it's not clear if that gain would come from cost reduction ... or because humans are more productive." On an earnings call, Salesforce's chief operating and financial officer said AI agents helped them reduce hiring needs — and saved $50 million, according to the article. (And Ethan Mollick, co-director of Wharton School of Business' generative AI Labs, adds that if advanced tools like AI agents can prove their reliability and automate work — that could become a larger disruptor to jobs.) "A wave of disruption is going to happen," he's quoted as saying. But while the debate continues about whether AI will eliminate or create jobs, Mollick still hedges that "the truth is probably somewhere in between."

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EditorDavid

Casino Lights Could Be Warping Your Brain To Take Risks, Scientists Warn

1 month 2 weeks ago
ScienceAlert reports: Casino lighting could be nudging gamblers to be more reckless with their money, according to a new study, which found a link between blue-enriched light and riskier gambling behavior. The extra blue light emitted by casino decor and LED screens seems to trigger certain switches in our brains, making us less sensitive to financial losses compared to gains of equal magnitude, researchers from Flinders University and Monash University in Australia found... The researchers think circadian photoreception, which is our non-visual response to light, is playing a part here. The level of blue spectrum light may be activating specific eye cells connected to brain regions in charge of decision-making, emotional regulation, and processing risk versus reward scenarios. "Under conditions where the lighting emitted less blue, people tended to feel a $100 loss much more strongly than a $100 gain — the loss just feels worse," [says the study's lead author, a psychologist at the Flinders Health and Medical Research Institute]. "But under bright, blue-heavy light such as that seen in casino machines, the $100 loss didn't appear to feel as bad, so people were more willing to take the risk...." That raises some questions around ethics and responsibility, according to the researchers. While encouraging risk taking might be good for the gambling business, it's not good for the patrons spending their cash. One professor involved in the study reached this conclusion. "It is possible that simply dimming the blue in casino lights could help promote safer gambling behaviors." The research has been published in Scientific Reports. Thanks to Slashdot reader alternative_right for sharing the news.

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EditorDavid

BlueSky Isn't Dying - and There's a Larger Ecosystem Growing Around Its Open Protocol

1 month 2 weeks ago
BlueSky has grown from roughly 10 million users in early November to 36.79 million today — and its last 30 days of traffic looks very level. But instead of calling BlueSky's traffic "level", right-leaning libertarian Megan McArdle argues instead that BlueSky's "decline shows no sign of leveling out" (comparing the stable figures from the last month to a one-time spike seven months ago so they can write "It's now down about 50 percent"). And Wednesday the conservative UK magazine Spectator also ignored the 30-day-leveling to write instead that BlueSky is somehow "sliding down a slope". But TechCrunch thinks the "up or down" conversation is entirely missing the point of "the wider network of apps built on the open protocol that Bluesky's team spearheaded" — and how BlueSky "is only meant to be one example of what's possible within the wider AT Proto ecosystem." If you don't like the tone of the topics trending on Bluesky, you can switch to other apps, change your default feeds, or even build your own social platform using the technology. Already, people are using the protocol that powers Bluesky to build social experiences for specific groups — like Blacksky is doing for the Black online community or like Gander Social is doing for social media users in Canada. There are also feed builders like Graze and those in Surf that let you create custom feeds where you can focus on specific content you care about — like video games or baseball — and exclude others, like politics. Built into Bluesky (and other third-party clients) are tools that let you pick your default feed and add others that interest you from a range of topics. If you want to follow a feed devoted to your favorite TV show or animal, for instance, you can. In other words, Bluesky is meant to be what you make it, and its content can be consumed in whatever format you prefer best. In addition to Bluesky itself, the wider network of apps built on the AT Protocol includes photo- and video-sharing apps, livestreaming tools, communication apps, blogging apps, music apps, movie and TV recommendation apps, and more. Other tools also let you combine feeds from Bluesky with other social networks. Openvibe, for instance, can mix together feeds from social networks like Threads, Bluesky, Mastodon, and Nostr. Apps like Surf and Tapestry offer ways to track posts on open social platforms as well as those published with other open protocols like RSS. This lets the apps pull in content from blogs, news sites, YouTube, and podcasts. Even just considering BlueSky itself, three weeks ago Fast Company pointed out that BlueSky "grew from 11 million users to 25 million between late October and mid-December, but has added only about 10 million more since then." So how is a 10-million user increase "dying"? For a social network, being prematurely written off is a rite of passage. It's even a compliment of sorts — a sign that people are paying attention and care... When I chatted with Bluesky CEO Jay Graber this week, I wasn't surprised that she didn't seem fazed by the debate on her platform and saw the parallels with early-days Twitter. "Reports of our death are greatly exaggerated," she told me. "It's a similar thing, because with social sites, it's not straight up all the time. [Growth] comes in waves, and at each stage, there's a new era of communities being established and formed. We're still seeing a lot of community formation, and one of the most exciting things is how structurally different this is. It's not just another social site that has to be a singular winner-take-all in an ecosystem with existing incumbents...." One other challenge that Bluesky has not yet fully confronted is monetizing itself. Onstage at Web Summit, Graber emphasized that it's working on subscription services, a healthier revenue source than stuffing feeds with ads, though potentially a tougher one to scale up to sustainability. The company announced a $15 million Series A funding round last October. But again, the point isn't BlueSky's increasing user count or its stablizing levels of Daily Unique "Likers" — but its underlying open source protocol: [S]he was at her most passionate when discussing the company's aspiration to decentralize social networking via its open AT Protocol. It powers Bluesky — and variants such as the Pinksky photo-sharing app, which she praised onstage — but could also provide the infrastructure for further-flung social experiences. Maybe even ones catering to folks who have zero interest in participating in the Bluesky community. "The goal is to really get through that this is a Choose Your Own Adventure and Bluesky's just the beginning," she says. "The sky's the limit." Whether she'll fulfill her grandest ambitions, I'm not sure. But I already like this era of social networking better than the one when a handful of winners really did take all.

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EditorDavid