IBM: 40% of workers will have to 'reskill'

Welcome back to The Daily Update — It’s already been a busy week in AI and a new IBM study is keeping the ball rolling. Here’s today’s lineup:

🗞️ The Latest in AI: Meta confirms AI ‘off-switch’ in Europe

🤖 AI Tool of the Day: Microsoft Designer is now widely available in Edge

📸 Business Insight: 40% of workers will have to reskill due to AI

🚨 AI Roundup: Four quick hits

Read time: 2 minutes

🗞️ The Latest in AI: Meta confirms AI ‘off-switch’ in Europe

Meta has confirmed that it will launch non-personalized content feeds on Facebook and Instagram. The move comes ahead of the August 25 deadline for compliance with the Digital Services Act (DSA).

Key points:

• The DSA requires larger platforms and search engines to provide users in the region with the ability to turn off AI-driven personalization.

• Users must be offered a choice of a non-algorithmic feed, where content sorting is not based on tracking.

• Content can instead be ordered and displayed chronologically or ranked by local popularity.

• Meta has until Friday to launch the off-switch.

• TikTok made a similar announcement earlier this month.

The bottom line: Europe has led the charge on AI regulation, so this news doesn’t come as a surprise. Governments around the world may follow suit to protect consumers from AI-driven data tracking.

🤖 AI Tool of the Day: Microsoft Designer is now widely available in Edge

I shared this tool in June, but like to circle back to AI tools that are making headlines again.

Microsoft’s free AI-powered design tool is now available to Edge users in the US. This allows users to access Microsoft Designer from Edge’s sidebar without opening a separate tab or program.

Microsoft Designer can create high-quality graphics from text prompts, and you don’t need any design experience to use it. Here’s how it works from Edge’s sidebar:

Click here to try Microsoft Designer on the web. It’s one of the most user-friendly AI design tools available today.

📸 Business Insight: 40% of workers will have to reskill due to AI

A new IBM report predicts 40% of the global workforce will need to “reskill” in the next three years due to AI (that’s a whopping 1.4 billion people).

Key points:

• IBM surveyed 3,000 execs and 21,000 workers on AI’s impact in the workplace.

• 87% of execs expect generative AI to augment roles rather than replace them.

• Tech adopters reported an average revenue growth rate of 15%. Those who focus on AI “see a 36% higher revenue growth rate than their peers.”

• There is now a bigger emphasis on people skills as AI enables workers to learn technical skills with less training.

• “AI won’t replace people — but people who use AI will replace people who don’t.”

The bottom line: Now is the time to get a leg up with AI. Read The Daily Update, test AI tools and integrate the best ones into your workflows.

🚨 AI Roundup: Four quick hits

• Busted: Researchers discover a crypto bot network powered by ChatGPT on X (Twitter).

• AI in Space: Chinese firm successfully launches a space satellite with an AI-powered brain that can intelligently process data onboard.

• AI in Education: The University of Michigan debuts custom AI platforms for all students, faculty and staff.

• Speech-to-text evolves: Meta releases SeamlessM4T, a multilingual speech translation model.

Have questions or thoughts on today’s newsletter? Reply to this email and I’ll get back to you as soon as I can. Thanks for reading The Daily Update!

Jack

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