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AI projected to affect 40% of jobs
Spotlight: Musk seeks 25% voting control of Tesla
Jack Shields
January 17, 2024
Welcome back!
We have a loaded menu today, with some big news related to job displacement and Elon Musk’s ambitions to make Tesla a global leader in AI.
Let’s dive in.
In today’s Daily Update:
🗞️ IMF predicts AI will affect 40% of jobs globally
🤖 Build webpages with DesignerGPT
📸 Musk seeks 25% voting control of Tesla
🚨 AI Roundup: Four quick hits
Read time: 2 minutes
TOP STORY
🗞️ IMF predicts AI will affect 40% of jobs globally
Generated by DALL-E 3
The International Monetary Fund (IMF) just released a new report that estimates 40% of jobs worldwide will be affected by AI.
What you should know:
In developed countries with advanced economies, about 60% of jobs could be impacted by AI.
The IMF predicts that half of the exposed jobs will benefit from AI, while the other half will experience lower wages and reduced hiring.
In emerging markets and low-income countries, AI is expected to impact 40% and 26% of jobs respectively.
IMF chief Kristalina Georgieva called for governments to establish social safety nets and retraining programs to counter the impact of AI.
Crucial quote: “We are on the brink of a technological revolution that could jumpstart productivity, boost global growth and raise incomes around the world. Yet it could also replace jobs and deepen inequality,” Georgieva said.
AI TOOL OF THE DAY
🤖 Build webpages with DesignerGPT
Screenshot
DesignerGPT is a custom GPT that creates sleek websites from simple text prompts. It is currently available through OpenAI’s GPT Store.
How to use DesignerGPT:
Find DesignerGPT in the ‘Trending’ section of the ‘Explore GPTs’ tab.
Input basic instructions (“design a webpage for a tech startup”).
DesignerGPT will ask to talk to designergpt.replit.app. Click ‘Confirm.’
View your webpage via the provided URL.
Customize your page with additional prompts.
Ask DesignerGPT to provide your website’s HTML code.
I used DesignerGPT to build a fairly basic webpage. Consider adding additional information about your company to your initial prompt for better results.
BUSINESS SPOTLIGHT
📸 Musk seeks 25% voting control of Tesla
Generated by DALL-E 3
Tesla CEO Elon Musk says he would be uncomfortable growing the automaker into a leader in AI and robotics without having at least 25% voting control of the company.
The details:
Musk currently owns roughly 13% of Tesla stock after selling billions of dollars of shares in 2022.
The world’s richest man says he wants “enough [shares] to be influential, but not so much that [he] can’t be overturned.
Tesla’s Dojo supercomputer for training AI models could boost the company’s market value by almost $600 million.
Musk warns that without 25% voting control of Tesla, he may look to build AI products outside of the company.
The bigger picture: Musk sold over $7 billion of Tesla stock in the months leading up to his acquisition of Twitter. Critics say Tesla does not owe him a restructured “compensation plan.” On the other hand, Musk is a leading voice for the development of safe AI, and supporters say he should get as much voting power as he wants to navigate the technology’s potentially existential threats. Take your pick.
MORE TRENDING NEWS
🚨 AI Roundup: Four quick hits
Generated by DALL-E 3
Apple relocates 121-person AI lab to Austin, Texas, sparking backlash from San Diego-based employees.
Microsoft CEO Satya Nadella says a global consensus on AI is emerging.
OpenChat launches a new LLM that surpasses ChatGPT (as of March) and Grok across multiple benchmarks.
Microsoft introduces CoPilot Pro, a premium subscription to its “everyday AI companion” priced at $20 a month.
THAT’S ALL FOR TODAY