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AI could create these new jobs despite gloomy forecasts, experts say

time12-07-2025

  • Business

AI could create these new jobs despite gloomy forecasts, experts say

The rapid adoption of artificial intelligence tools has unleashed doomsday predictions of a broken career ladder and massive job losses. While AI will likely upend some positions, analysts told ABC News, the technology could deliver job opportunities for many workers. Companies may call upon employees to manage or quality-check AI tools, while other new roles could demand complex or creative thinking as humans complement automated tasks, some analysts said. But, they added, questions still abound regarding jobs to be created by a possible AI-driven overhaul of the U.S. workplace. "It's not like AI is this tidal wave where we have no control – there are places where we do have control," said Harry Holzer, a professor of public policy at Georgetown University and a former chief economist at the U.S. Department of Labor. Forecasts of job disruption wrought by AI vary dramatically. Dario Amodei, CEO of Anthropic, which created an AI model called Claude, told Axios in May that the technology could cut U.S. entry-level jobs by half within five years. By contrast, the World Economic Forum surveyed 1,000 large companies worldwide, which identified AI as the top driver of potential job gains by 2030. Overall, the technology would help create 170 million jobs across the globe over the next five years, far exceeding 92 million jobs lost, the survey found. Going back centuries, technological breakthroughs have typically created more jobs than they've destroyed, though AI presents a novel test, Ethan Mollick, a business professor at the University of Pennsylvania and the author of "Co-Intelligence: Living and Working With A.I," told ABC News. "Historically, technology has resulted in job creation that has offset job loss. Every time that happens we worry, 'It will be different this time around.' It may be different this time around – AI is a very different technology. But we don't know the shape of that." While observers await the full effects of new technology, AI-themed positions are already popping up at firms across a range of sectors, Chris Martin, lead researcher at job-posting site Glassdoor, told ABC News. The share of job listings taken up by AI-specific roles more than doubled from 2023 to 2024, according to Glassdoor data shared with ABC News. So far this year, the share of such positions has climbed another 56% compared to the same period a year earlier, the company said. AI jobs break down into two categories, Martin said. A relatively large set of positions is made up of previously available roles retrofitted for AI-related tasks, such as software engineers or attorneys who specialize in AI. A smaller slice of jobs owes its skills and tasks solely to AI, including a fast-growing set of AI training roles that help optimize the technology through individual expertise in foreign language or another subject. AI training roles, which typically operate on a freelance basis, grew more than four times in 2024 compared to the year prior; and they've continued to grow in 2025, Glassdoor said. Some AI-specific jobs have waned, however. Listings have faded for "prompt engineers," AI operators who craft queries to yield useful AI responses, Martin said. "That has mostly gone away," Martin added. Looking ahead, the path for new AI roles over the coming years remains murky, analysts said. Some analysts said a new category of jobs could require humans to evaluate the quality and authenticity of AI output, while others said AI may become proficient enough to negate many of those roles. Some analysts touted the possibility that AI tools could do away with generalist roles and yield a boom in specialty positions, such as transitioning a primary care doctor to a role narrowly focused on diagnosis. While others said the rise of AI expertise could threaten jobs even in some specialized professions. The ultimate capability of AI tools could help determine the scale and type of job opportunities, analysts said. "The question in some ways is: What happens next with these systems," Mollick said. Predictions of newly created jobs pose a challenge for forecasters, since the positions will emerge in a yet-to-be realized economy transformed by AI, David Autor, a professor at the Massachusetts Institute of Technology who specializes in technological change and the labor force. "We're not good at predicting what the new work will be; we're good at predicting how current work will change," Autor said. The murky path forward should engender caution as workers weigh how best to adapt to the changes promised by AI, Mollick said. "The worst thing you could do right now is make a complex career decision based on what AI is doing today, because we just don't know," Mollick said.

SCHS ends school year with events on AI and arts
SCHS ends school year with events on AI and arts

Sharjah 24

time25-06-2025

  • Entertainment
  • Sharjah 24

SCHS ends school year with events on AI and arts

Participation and performances Mona Abdul Karim Al Yafei, Director General of SCHS, noted that students and affiliates actively took part in AI-themed events. The ceremony also featured impressive artistic performances by members of Falaj for Arts, which were warmly received by the audience. Commitment to empowerment Al Yafei emphasised that these events reflect SCHS's dedication to empowering individuals with disabilities, not only through education and therapy but also by nurturing their artistic and creative talents. Appreciation for families She concluded by expressing heartfelt gratitude to the parents of SCHS affiliates for their ongoing support and commitment throughout the academic year.

The Scapegoating of Banxso: How Regulatory Overreach Missed the Bigger Picture
The Scapegoating of Banxso: How Regulatory Overreach Missed the Bigger Picture

IOL News

time19-05-2025

  • Business
  • IOL News

The Scapegoating of Banxso: How Regulatory Overreach Missed the Bigger Picture

Is Banxso being unfairly targeted by South African regulators while a network of deceptive marketers operates unchecked? Image: IOL / Ron AI In what appears to be a clear case of regulatory tunnel vision, Banxso remains in the crosshairs of South African financial regulators, while an entire ecosystem of deceptive affiliate marketers and trading platforms continues to operate with relative impunity. Instead of tackling the root problem—an unregulated network of third-party marketers exploiting social media and celebrity endorsements to mislead investors—the FSCA has disproportionately targeted one entity: Banxso. Banxso's regulatory ordeal began with the suspension of its licence by the FSCA, triggering costly legal battles and severe reputational damage. Yet, as evidence continues to surface, it becomes increasingly apparent that the marketing tactics at issue are widespread across the sector—not unique to Banxso. Recent investigations have uncovered that Trade FT, operating under FSP number 53871, is linked to Grand Trading Pty Ltd. The individuals behind these entities previously operated under the name Asterix Data and have a well-documented history of rebranding and shifting identities within what's been referred to as the 'Scam Empire' a network that includes Finbok and other flagged entities. Despite their consistent use of deceptive AI-themed advertisements featuring unauthorised images of celebrities like Patrice Motsepe, Elon Musk, and Trevor Noah, these firms have not faced equivalent regulatory scrutiny. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading This raises a critical question: why has Banxso been singled out while others using the same misleading marketing tactics continue to operate freely? 'What we're seeing is a classic case of making an example out of one company while failing to address the systemic issues,' said an industry insider who spoke on condition of anonymity. 'Banxso has become the convenient scapegoat in a situation that clearly involves dozens of market participants.' These celebrity-endorsed AI ads act as a gateway into the broader problem. A single click on one of these ads floods users with unsolicited calls from various South African trading companies—none of which are connected to Banxso. This indicates the involvement of an aggressive affiliate marketing network, which is largely unregulated and responsible for generating deceptive leads across the industry. Importantly, the FSCA's own registry reveals glaring red flags about Trade FT: there are no registered Key Individuals listed for its FSP number. In any other instance, this would typically trigger immediate enforcement action. Yet, despite the entity's lineage and irregularities, it continues to operate, untouched. Meanwhile, Banxso is the only firm in the industry to have voluntarily refunded R14 million to affected consumers in the wake of the scandal—a step no other trading company has taken, despite similar marketing exposures. 'The FSCA has created a false narrative that this is about one bad actor when it's clearly an industry-wide marketing issue,' said a second compliance expert with deep experience in South African financial services. 'Operations like Trade FT continue unabated, using identical tactics. Yet Banxso is being paraded as the poster child for enforcement.' This disparity in enforcement undermines the credibility of the FSCA's regulatory objectives. If the aim is truly to protect consumers, why focus enforcement on a compliant FSP that has shown a willingness to rectify issues, while letting a complex web of non-compliant and identity-shifting entities off the hook? 'There's a fundamental unfairness when one company bears the full regulatory burden while others benefit from the same marketing channels without scrutiny,' added the first industry source. 'If the FSCA truly wants to protect consumers, they need to address the underlying marketing ecosystem rather than targeting individual FSPs.' The situation is especially concerning given how easily these deceptive ads continue to reach South Africans online. Despite the regulatory action against Banxso, the same misleading advertisements are still well and truly thriving in their absence. In response to inquiries about the issue, the FSCA stated: 'In terms of section 251 of the Financial Sector Regulation Act No.9 of 2017 (FSR Act), the FSCA is unable to disclose the details of the investigation relating to Asterix.' This response only deepens concern over the transparency and fairness of the process. The lack of visible enforcement against the real drivers of consumer deception—the affiliate marketers and identity-hopping entities like Trade FT—suggests that the FSCA may be prioritising symbolic enforcement over meaningful consumer protection.

Ethiopian PM calls for homegrown AI to propel Africa's dev't
Ethiopian PM calls for homegrown AI to propel Africa's dev't

The Star

time17-05-2025

  • Business
  • The Star

Ethiopian PM calls for homegrown AI to propel Africa's dev't

ADDIS ABABA, May 17 (Xinhua) -- Ethiopian Prime Minister Abiy Ahmed has called on African countries to exert concerted efforts in the development of homegrown artificial intelligence (AI) to propel the realization of continental development ambitions. Abiy made the remarks while addressing an AI-themed high-level meeting held Saturday in Addis Ababa, the Ethiopian capital, under the theme "Leveraging AI for Africa's Prosperity and Collaboration." Noting that the African continent is entering a transformative era in its development trajectory, the prime minister said homegrown AI can serve as a catalyst for inclusive prosperity by injecting a pivotal momentum into the achievement of the African Union's 50-year continental development blueprint, Agenda 2063. "Today, we stand on the verge of a new era, one that holds the promise of inclusive prosperity for our continent, driven by homegrown innovations in AI, and holds the potential of accelerating the implementation of the African Union Agenda 2063," Abiy said. He underscored the need for Africa to shape AI on its own terms, saying Ethiopia is investing in AI-related digital infrastructure and skills development, and is working to translate its vision into tangible impact.

Kamala Harris reveals timetable for making major political decision in deep blue state
Kamala Harris reveals timetable for making major political decision in deep blue state

Yahoo

time07-03-2025

  • Politics
  • Yahoo

Kamala Harris reveals timetable for making major political decision in deep blue state

Former Vice President Kamala Harris is setting a timetable to make a major decision about her political future. Harris, who lost last November's White House election to now-President Donald Trump, is seriously considering a 2026 bid to succeed term-limited Democratic Gov. Gavin Newsom of California. Additionally, a source in the former vice president's political orbit confirmed to Fox News Digital that Harris has told allies she will decide by the end of summer on whether to launch a gubernatorial campaign. The news was first reported by Politico. There has been plenty of speculation since last year's election regarding Harris, who replaced then-President Joe Biden as the Democratic Party's 2024 presidential nominee last summer after he dropped out of the race amid mounting questions over his physical and mental stamina. Click Here For The Latest Fox News Reporting And Opinion On Former Vice President Kamala Harris The two potential options for Harris are launching a gubernatorial run next year in her home state or seeking the presidency again in 2028. Extremely early polls in the next Democratic Party presidential nomination race — which are heavily reliant on name recognition at this point — indicate that the former vice president holds a significant lead over other potential White House contenders. Read On The Fox News App It is very unlikely she could do both. Running and winning election in 2026 as governor of heavily blue California, the nation's most populous state and home to the world's fifth-largest economy, would likely take a 2028 White House run off the table, allies and political analysts have indicated. Harris served as San Francisco district attorney, California attorney general and represented the Golden State in the U.S. Senate before joining Biden's 2020 ticket and winning election as vice president. Top Trump Ally Teases Bid For California Governor If Harris Runs While no decisions have been made, the former vice president has vowed to remain politically involved. Harris, in a video message to the Democratic National Committee, as it huddled for its winter meeting a month ago, pledged to be with the party "every step of the way." Harris recently spoke at the NAACP Image Awards, as she accepted the organization's Chairman's Award. This weekend, she is headed to Las Vegas — Nevada is an early-voting state in the presidential primary calendar and a key general election battleground — to speak at Human X, which is an AI-themed conference. If Harris decides this summer to launch a gubernatorial campaign, she would likely clear much of the field of Democrats. California Attorney General Rob Bonta said last month he would support Harris if she decides to run and that "she would be field-clearing" if she launched a campaign. Bonta, a former state lawmaker who has served as California attorney general since 2021, said he would run for re-election next year rather than launch a gubernatorial campaign, putting to rest speculation about his next political moves. Leading California Democrat's Prediction About Kamala Harris "Kamala Harris would be a great governor," Bonta said in an interview with Politico. Among the more than half-dozen Democratic Party candidates already running for governor are Lt. Gov. Eleni Kounalakis — a Harris ally — and former Los Angeles Mayor Antonio Villaraigosa. Former Rep. Katie Porter, who unsuccessfully ran for the Democratic Senate nomination last year, has expressed interest in launching a campaign. Additionally, former Health and Human Services Secretary Xavier Becerra, who served in Congress and as California attorney general before joining the Biden administration, is also seen as a potential contender. Many of the current or potential candidates would likely stand aside if Harris entered the race. Trump Supporting California Sheriff Launches 2026 Campaign For Governor Among the Republicans, longtime Trump loyalist Richard Grenell, who is serving as U.S. envoy for special missions in the president's second administration, last month floated a potential bid for California governor if Harris also runs. "If Kamala Harris runs for governor, I believe that she has such baggage and hundreds of millions of dollars in educating the voters of how terrible she is, that it's a new day in California and that the Republican actually has a shot," Grenell said. Meanwhile, Riverside County Sheriff Chad Bianco last month announced his Republican candidacy for governor. Additionally, former Fox News Channel host and conservative commentator Steve Hilton is considering a GOP gubernatorial bid. In California, unlike most other states, the top two finishers in a primary, regardless of party affiliation, advance to the general election. It has been nearly two decades since a Republican won statewide office in California, back to former Gov. Arnold Schwarzenegger's 2006 re-election article source: Kamala Harris reveals timetable for making major political decision in deep blue state

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