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Flipping the Narrative: AI Adding Jobs

Posted January 24, 2023

Ray Blanco

By Ray Blanco

Flipping the Narrative: AI Adding Jobs

One of the more prevalent fears the public tends to express regarding AI is that the technology will take jobs away from people. 

Now, I can see why that might be the first thought when we see AI become more and more capable. 

You even have some companies saving on labor costs through automation that utilizes AI systems.

However, there’s another side to this story… 

One that actually looks to add jobs, rather than take them away. 

In fact, AI has the potential to create many new jobs and improve general efficiency across a variety of industries. 

As AI systems become more advanced, they can automate repetitive tasks, freeing up human workers to focus on more creative and strategic work. 

Moreover, AI can also create new jobs in fields such as data analysis, machine learning, and software engineering.

One example of AI adding jobs is in the healthcare industry… 

AI-powered systems can assist doctors and nurses in diagnosing and treating patients, allowing them to spend more time providing personalized care. 

This should ultimately lead to an increase in demand for healthcare professionals, as well as new job opportunities in the field of AI development and implementation.

Another example can be found in the customer service industry. 

While AI chatbots and virtual assistants can handle simple customer inquiries, a need arises for a specialized human customer service representative that can focus on more complex issues. 

In addition to focusing on the more complex issues, humans would also be responsible for maintaining and continuously training the AI system. 

However, it's important to note the impact of AI on the workforce and to ensure that workers are trained and educated to take advantage of the new opportunities created by AI.

And while people continue to be impressed by the latest user-friendly AI, ChatGPT, some businesses are sounding the alarms. 

One, in particular, is Google… 

Google Enters the AI Race 

When ChatGPT hit the mainstream in the tech world, it signaled something to tech companies across the board: Jump on the train or get left behind. 

There’s no doubt that AI comes with an ever-growing list of use cases. 

Everything from data analytics and entry, to basic business functions, systems processes, and more can be improved with the use of AI. 

And now, Google seems to have gotten the memo and is now looking to renew its focus on AI. 

A report from the New York Times found that Google has shaken out of its normal routine since the launch of ChatGPT.

According to the report, the search engine giant plans to unveil more than 20 new products and demo a version of the classic Google Search with new AI chatbot features this year.

Sure enough, Google already has quite a few products and services that utilize AI functionality, a few, for example, are: 

  • Google Assistant: a virtual assistant that uses natural language processing to interact with users.
  • Google Translate: an AI-powered language translation service.
  • Google Photos: an AI-powered photo management and storage service.
  • Google Lens: an AI-powered image recognition and visual search tool.

Then you have Google DeepMind, a research lab that focuses on developing AI for various applications. 

Founded in September 2010 in London, UK, and later acquired by Google in 2015, DeepMind's research includes machine learning, neural networks, computer vision, natural language processing, general game playing, and econometrics.

So Google definitely isn’t behind the curve, but the rising popularity of ChatGPT has ignited a new spark that will hopefully lead to even more advancements in the space. 

Sure enough, AI is one of the most exciting spaces in tech right now and one that continues to advance more every day. 

With all of the benefits that AI systems stand to offer over the years, I find it extremely likely that businesses across the board will look to find ways to integrate AI functionality into daily processes. 

That also means massive growth for the companies at the forefront of this movement. 

Between the companies developing AI systems to the companies that will utilize the tech most efficiently, there is a ton of money to be made. 

And now is the perfect time to look into investments in AI. 

Luckily, since this is a topic I’m quite interested in, I’ll be bringing you my own ideas about investing in AI. So be sure to keep an eye on your inbox! 

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