- The global community must be excited, gung-ho, and generally anticipating with great enthusiasm the possibilities of the latest cutting-edge technology, the generative artificial intelligence (AI),completely altering the way things will unfold in the coming days. The potentialities of AI are not only mind-boggling but also offer innumerable options for modern-day governments to scale up socio-welfare measures, piggybacking on the latest technology. Little wonder, every government worth its salt would not wish to be left behind in embracing what AI has to offer. Of course, citizens across the world have come to expect their respective governments to introduce measures that are in line with the fast-changing times.
PC: Moneycontrol.com
- AI aids the authorities in several ways to devise strategies aiding people to soak in the benefits, including hitherto unimaginable amenities, by embracing the technology big-time. One of the concerns raised with the advent of AI is the effect it would have on white-collar jobs. The moot point to ponder over here is whether AI would replace white-collar jobs sooner rather than later. The answer is improbable. However, if it eventually does, then even the rich won’t remain so rich in the bargain. This will set a chain reaction, much to the consternation of the established world order. Let’s dwelve deep to comprehend the likely scenario unfolding in subsequent years. Recently, a 7000-word blog post by a tiny New York-based financial research spooked investors.
PC: Manorama News
- As reported, the post titled The 2028 Global Intelligence Crisis, paints a scenario in which AI agents have gutted white-collar jobs. Economic mayhem follows. Jobless workers default on loans. A market crash occurs late in 2027, and 57% of the S&P’s value is wiped out. By 2028, joblessness in the US exceeds 10%, up from 4.3% now. Citrini, the research firm, insists this is only a scenario, not a prediction, but recent headlines about AI agents’ capabilities make it hard to dismiss. Within a month, we’ve heard the claim that AI can vet legal documents, and we’ve seen it render a realistic fight between Brad Pitt and Tom Cruise, and now, apparently, it can bring systems running Cobol up to date. What more will it do by the end of this year?
PC: The Week
- More disconcertingly, it’s threatening to replace writers, translators, and artists. Analysing data, diagnosing symptoms, nothing seems beyond its ever-increasing capabilities. That’s why a white-collar extinction event sounds plausible. If Citrini is right, the impending job destruction is best summed up with the film title: Everything Everywhere All At Once. Is it probable? Perhaps not. Chiefly because AI agents aren’t there yet in terms of capabilities. AI firms have every reason to claim their agents can do this or that real-world task. It convinces investors to keep funding them. But the real world is messy. AI tools are like bright college graduates who know their subject but need hands-on experience. AI taking over white-collar jobs is not desirable too! It’s premature.
