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AI coding hype overblown, Bain shrugs

1 month 2 weeks ago
Tried by two-thirds of firms, ignored by most devs, and productivity barely moved

Software development was one of the first areas to adopt generative AI, but the promised revolution has so far delivered only modest productivity gains, and Bain says only a full rethink of the software lifecycle will shift the dial.…

Dan Robinson

Quarter of Workers Under 35 Expect AI To Take Their Jobs Within Two Years, Deutsche Bank Survey Finds

1 month 2 weeks ago
Nearly a quarter of workers aged 18-34 fear they'll lose their jobs to AI within two years, according to a Deutsche Bank survey of 10,000 people across the US and major European economies. The survey, conducted from June through August, found 24% of younger respondents scored their concern at 8 or above on a 10-point scale, compared to just 10% among workers 55 and older. Workers anticipate growing AI risk over time. 22% expressed high concern over a five-year horizon versus 18% for the two-year timeframe, the bank wrote in a report, reviewed by Slashdot. Americans show greater concern than Europeans across all time periods, scoring roughly five percentage points higher. The survey also revealed major differences in AI adoption patterns. The US leads workplace adoption at 56%, while Spain shows the highest home adoption at 68% over three months. Germany and the UK demonstrate contrasting behaviors -- both countries report similar home usage above 50%, but workplace adoption differs significantly at 41% for Germany versus 5% for the UK. Training gaps persist across regions. Only one in four European respondents has received AI training at work compared to nearly one in three Americans, though 52% of Europeans and 54% of Americans want employer-led AI training.

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Revealed: Britain's most desirable bungalows

1 month 2 weeks ago
Bungalows in some of the UK's most up-and-coming areas have hit the market, including a lavish £1m seven-bedroom home in rural Kent, and a modern £1.35m property with a 'vast' open-plan kitchen.

Are Elites Meritocratic and Efficiency-Seeking? Evidence from MBA Students

1 month 2 weeks ago
Abstract of a paper on pre-print server Arxiv: Elites disproportionately influence policymaking, yet little is known about their fairness and efficiency preferences -- key determinants of support for redistributive policies. We investigate these preferences in an incentivized lab experiment with a group of future elites -- Ivy League MBA students. We find that MBA students implement substantially more unequal earnings distributions than the average American, regardless of whether inequality stems from luck or merit. Their redistributive choices are also highly responsive to efficiency costs, with an effect that is an order of magnitude larger than that found in representative U.S. samples. Analyzing fairness ideals, we find that MBA students are less likely to be strict meritocrats than the broader population. These findings provide novel insights into how elites' redistributive preferences may shape high levels of inequality in the U.S.

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DHS Has Been Collecting US Citizens' DNA for Years

1 month 2 weeks ago
Customs and Border Protection collected DNA from nearly 2,000 US citizens between 2020 and 2024 and sent the samples to the FBI's CODIS crime database, according to Georgetown Law's Center on Privacy & Technology analysis of newly released government data. The collection included approximately 95 minors, some as young as 14, and travelers never charged with crimes. Congress never authorized DNA collection from citizens, children or civil detainees. DHS has contributed 2.6 million profiles to CODIS since 2020, with 97% collected under civil rather than criminal authority. The expansion followed a 2020 Justice Department rule that revoked DHS's waiver from DNA collection requirements. Former FBI director Christopher Wray testified in 2023 that monthly DNA submissions jumped from a few thousand to 92,000, creating a backlog of 650,000 unprocessed kits. Georgetown researchers project DHS could account for one-third of CODIS by 2034. The DHS Inspector General found in 2021 that the department lacked central oversight of DNA collection.

Read more of this story at Slashdot.

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