LinkedIn reveals AI's impact on jobs

Welcome back to The Daily Update — Happy Friday! Here’s what’s on deck to close out the week:

🗞️ The Latest in AI: Chinese firms release ChatGPT-style AI bots to public

🤖 AI Tool of the Day: Create royalty-free AI music with Beatoven

📸 Business Insight: LinkedIn report shows AI is already impacting the job market

🚨 AI Roundup: Four quick hits

Read time: 2 minutes

🗞️ The Latest in AI: Chinese firms release ChatGPT-style AI bots to public

Yesterday marked a new milestone in the global AI race. Chinese tech firms Baidu and SenseTime both launched ChatGPT-style AI bots to the public.

Key points:

• Baidu opened public access to its ERNIE Bot, which allows users to conduct AI-powered searches and carry out tasks like creating videos and summarizing complex documents.

• ERNIE Bot had previously been offered only to corporate clients and select members of the public. Baidu is among the first companies in China to get regulatory approval for the rollout.

• SenseTime announced the public launch of its SenseChat platform.

• China became one of the world’s first countries to regulate generative AI in July.

The bottom line: Tech powerhouses are emerging in China as excitement around AI sweeps across the globe. It remains to be seen if China’s models will challenge current industry leaders.

🤖 AI Tool of the Day: Create royalty-free AI music with Beatoven

Beatoven is one of the coolest AI tools that I’ve tested recently. There aren’t a ton of practical applications for Beatoven, but it’s worth checking out if you need background music for your video content or podcast.

Here’s the three-step process that generates AI music in just a couple minutes:

I can’t embed my sample projects here, but this is a fun tool to try out on your own time anyways. Click here to try Beatoven for free. You’ll need to upgrade to a paid plan (starting at $3 a month) to download your tracks.

📸 Business Insight: LinkedIn report shows AI is already impacting the job market

A new LinkedIn report titled AI at Work measures and quantifies the impact of AI on the job market. The report uses surveys and LinkedIn’s internal data.

Key points:

• There has been a 21x increase in the share of global English-language job postings mentioning new AI technologies since Novemeber 2022.

• The number of LinkedIn profiles adding terms like “AI” and “ChatGPT” is going up by 75% every month.

• 47% of U.S. executives believe that using generative AI will increase productivity, and 92% agree that people skills are more important than ever.

• 44% of execs plan to increase their use of AI at their organization in the next year.

• The majority of respondents say they would be comfortable using AI for administrative tasks, analytical jobs and creative work.

The bottom line: If AI isn’t already a part of your everyday work, it probably will be soon. Execs are confident that it will increase productivity and unlock new opportunities for growth.

🚨 AI Roundup: Four quick hits

• Next-Gen Learning: OpenAI aims to put ChatGPT in classrooms with special tutor prompts.

• New Rules: Nvidia and AMD say they face new restrictions on AI chip sales in Middle Eastern countries. The Biden administration says it hasn’t blocked chip sales.

• Unbiased AI: Meta releases FACET to evaluate the fairness of AI models.

• Climate Change Challenger: A new AI-generated map of the world’s trees and renewable energy projects could help fight climate change.

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

(P.S. If you know someone that may find today’s newsletter useful, send it their way!)