As it happens with most new advancements of technology, a discussion and a debate is emerging on what AI can or can’t do. (Representative image) On February 6, Sundar Pichai, CEO of tech behemoth Google and Alphabet announced ‘Bard’ , their experimental AI service. Google’s response comes nearly three months after a hitherto lesser-known company, OpenAI , announced ‘ ChatGPT ’ to the world. The last three months has seen a flurry of activity as an excited world embraced the tool, making it compose prose and poetry and figuring out how far it could go. Tech pundits even began to write articles that ChatGPT would be a great addition, but the company had to figure out how to make money. Even before the ink could dry on those articles, Microsoft announced Microsoft Teams Premium that featured services by OpenAI’s GPT-3.5, hoping to make their online meeting and collaboration tool much more intelligent. Three Key Impacts As it happens with most new advancements of … [Read more...] about Are we ready for AI that knocks out jobs, fuels disinformation, and is difficult to regulate?
May jobs report
Share to Twitter Share to Linkedin Landing a new job or returning to work after a lengthy absence can trigger many questions and even bring on feelings of apprehension. While employers have made great strides in granting candidate requests to address the ever-evolving employment landscape, employees still wonder: What can I expect? Will my employer create an environment that allows me to have balance yet flourish? Can I ask for what I need to be successful? Findings from research organizations suggest that prospective employees have more latitude today than in recent years – particularly during the Great Resignation when millions of workers left their jobs to seek higher pay and better work environments. A new Pew Research Center survey finds that the majority of American workers who quit a job in 2021 cited low pay (63%), a lack of opportunities for advancement (63%) and feeling disrespected (57%) as their top reasons. The survey also reports that those … [Read more...] about Starting A Job After A Lengthy Absence? Here’s What You Need To Know
KEY TAKEAWAYS The U.S. savings rate has plunged, and 401(k) accounts have declined as loans and hardship withdrawals exacerbate market losses. With interest rates rising, consumers appear less likely to borrow money in 2023. As a result, the recent decline in consumer spending may persist. Last year, the highest U.S. inflation in 40 years had an entirely unsurprising effect: shrinking the amount of cash in Americans' pockets—and portending challenges for consumer spending in 2023. From tapping their savings to dipping into their retirement accounts, Americans increasingly scrambled for money as the cost of living soared and the Federal Reserve's interest rate hikes, designed to lower inflation, raised borrowing costs. Nearly half of Americans said they have less savings than they did a year ago, according to a recent Quinnipiac University poll. As cash savings fell, so did retirement accounts: The number of 401(k) retirement participants taking out loans from their … [Read more...] about Cash-Strapped Americans Increasingly Tap Savings, Retirement Accounts
Google CEO Sundar Pichai [REUTERS/YONHAP] Amid the accelerated rivalry for artificial intelligence (AI) leadership between Microsoft and Google, Korea's tech companies are eyeing the non-English speaking countries with their capabilities in search engine and messenger services. Whereas the ChatGPT — a free chatbot system capable of generating conversational dialogue — displays a surprising level of sophistication in response to English language prompts, the Korean version of its service is lacking. And that might leave an opening for a niche market for local competitors. On Tuesday, Microsoft said that it will incorporate Open AI’s GPT technology into its Bing search engine. “This technology is going to reshape pretty much every software category that we know,” said Microsoft CEO Satya Nadella. The updated version of Bing will have a conversational interface similar to ChatGPT. The goal is to have the unpopular search engine compete against Google. Microsoft CEO … [Read more...] about As AI war rages, Korea seeks a place among giants
Share to Twitter Share to Linkedin There is no doubt that over its 36-year life that the Low Income Housing Tax Credit (LIHTC) has housed many people. But how many? As my last post showed, there are many known unknowns about how and how well the LIHTC has functioned over those years. For example, a common number offered as an answer to the question, “how many units has LIHTC created over its 36 years?” the answer is often something like 29 million. Where does that figure come from? Column V in the LIHTC “database,” a column in the Excel spreadsheet that has 3,000 blanks and 1,500 cells with “0” as the answer. It is a challenge to reform a federal expenditure when no deep evaluation is possible for lack of good data. However, I’d like to close the LIHTC portion of the look back at Paul Ryan’s critique with some ideas for reform. I’ve concluded that the Low Income Housing Tax Credit Program isn’t really a program at all. It is behemoth , a complex of … [Read more...] about Series: Unwind The LIHTC, Create Tax Benefits For Builders And Families
Share to Twitter Share to Linkedin Matt Herman is the CEO of Enhance Health . Recruiting and retaining great employees is an ongoing challenge for employers that has only been amplified by the pandemic. Nearly 47 million Americans voluntarily left their jobs in 2022, and the Great Resignation isn’t over. Analysis from Gartner found that employee annual voluntary turnover is likely to increase by 20%, starting in 2022 and continuing in the years to come. Employee retention is a top priority for many employers—but what can you do specifically to hire and keep valuable employees? I believe you must create a work environment that emphasizes learning, development and culture. “Having opportunities to learn and grow” is the most important factor in what defines an exceptional work environment, according to research in LinkedIn's 2022 Workplace Learning Report . Employees who give their culture a high rating are 25% more likely to be happy at … [Read more...] about Three Surprising Keys To Employee Retention
Share to Twitter Share to Linkedin It’s not surprising that compliance with worker classification laws is a bigger deal in the freelance revolution. Why? Well, three factors drive this development. First, the globalization of work, and the impact of new work and collaboration technologies that make it possible to work from anywhere. As readers may know, 51 countries now have active and ongoing programs inviting “digital nomads” to sojourn in their country. The second driver: countries need tax dollars, and proper classification is essential to tax collection. For example, Argentina annually exports almost 5 billion dollars in tech expertise through the work of over 200,000 freelancers living in Argentina but “gigging” for US companies. Third, advances in technology are beginning to make available new solutions offering indemnification quickly and more cost effectively, and gives companies more visibility over their freelancers and a better experience for … [Read more...] about As More Freelancers Work Across Borders, Expect More Emphasis On Worker Classification And Tax Collection