Experts Say These Jobs Are Being Threatened by AI
TLDRExperts warn that AI is increasingly threatening jobs, with generative AI startups receiving significant investments, hinting at advancements toward AGI. The technology is being utilized in drafting, summarization, and content creation, potentially automating roles in customer service and logistics. The video suggests investing in AI as a hedge against job displacement and highlights the importance of STEM education for future-proofing careers.
Takeaways
- π² AI is increasingly being integrated into various sectors, potentially threatening jobs by enabling others to outperform human capabilities.
- π AI investments are heavily concentrated in the United States, with a significant spike in funding for generative AI, particularly those pursuing AGI (Artificial General Intelligence).
- πΉ In 2023, generative AI startups, although only 6% of the total AI startups, attracted about 29% of the total AI investments.
- π§ AGI is considered the 'elephant in the room' with the potential to engage in recursive self-improvement, leading to exponential growth in intelligence.
- β οΈ Elon Musk warns of the risks of AGI, giving it a 10-20% chance of annihilating mankind if not properly managed.
- π€ Generative AI is being utilized in various applications such as drafting, summarization, image and video creation, and chatbots.
- πΌ The impact of AI is already being felt in professional sectors like transportation, logistics, and customer service automation.
- π For those interested in investing in AI, top startups are not publicly available, but exposure can be gained through funds like ARK's Venture Fund.
- π The combination of AI with robotics in areas like transportation and logistics is expected to revolutionize traditional job roles.
- π¨ββοΈ In the medical field, AI is making significant inroads, particularly in radiology, which may reduce the demand for radiologists as AI improves diagnostic accuracy.
- πΌ For job seekers, the top skills in demand for AI jobs in 2023 include Python, computer science, and SQL, indicating a shift towards tech-oriented roles.
Q & A
What is the potential impact of AI on jobs according to the transcript?
-AI is not necessarily meant to replace human workers but to enable others to outperform them by providing a personal assistant smarter than the individual.
How many AI companies are reportedly worldwide according to the World Economic Forum?
-The World Economic Forum reports around 70,000 AI companies worldwide.
In which country does the majority of AI funding occur?
-The majority of AI funding occurs in the United States.
What was the amount of funding generative AI startups received in 2023 according to the Stanford report?
-Generative AI startups received around 25 billion dollars in 2023.
What does AGI stand for and why is it significant in the context of AI investments?
-AGI stands for Artificial General Intelligence, which represents a model that's smarter than the smartest human and is capable of recursive self-improvement, making it exponentially smarter in a short period.
What is Elon Musk's view on AGI and its potential threat to humanity?
-Elon Musk considers AGI one of humanity's biggest threats and has given it a 10 to 20% chance of annihilating mankind.
What is the current AGI benchmark used to measure AI progress?
-The current AGI benchmark used is Triple M U, which consists of 11,500 college-level questions from six core disciplines.
How much funding did generative AI startups receive as a percentage of total AI investments in 2023?
-Generative AI startups received about 29% of the total investments in AI in 2023.
What are some of the applications of generative AI mentioned in the transcript?
-Some applications of generative AI include drafting first drafts, summarization, creating images and videos, and using chatbots.
Which AI startup fund is recommended for retail investors interested in investing in top AI startups?
-For retail investors interested in top AI startups, the transcript suggests looking at ARK's Venture fund.
What is the potential impact of AI on professional service robots and their sectors of application?
-AI has the potential to significantly impact professional service robots, particularly in sectors like transportation, logistics, cleaning, hospitality, medical assistance, and agriculture.
Outlines
π€ AI's Impact on Jobs and Investment Insights
The paragraph discusses the transformative potential of AI, not as a job replacement, but as a tool that could enable others to outperform those without it. It highlights the importance of understanding AI's current state and its disruptive potential. The World Economic Forum's estimate of 70,000 AI companies globally is noted, with a focus on the significant funding in the United States and the surge in generative AI, which attracted 29% of total AI investments in 2023. Generative AI's pursuit of AGI (Artificial General Intelligence) is identified as a key driver for investment, with the potential for rapid, recursive improvement. The discussion also touches on the existential risks posed by AGI, as noted by Elon Musk, and the current benchmarks for AGI, using the Triple M U test as an example.
πΌ Investment Opportunities in AI and Job Displacement
This section explores the investment landscape for AI startups, noting that the majority of funding goes to private firms not accessible to retail investors. It suggests following AI IPOs and considering investment funds like ARK's Venture Fund for exposure to top AI startups. The potential of AI integrated with humanoid robots is examined, along with the types of jobs most at risk, particularly those involving manual labor and freight handling. The discussion also covers the current state of professional service robots, with a focus on their application in transportation, logistics, and other sectors, and the growth of automation in industries like automotive and electronics. The impact of AI on white-collar jobs, especially in software development and customer service, is highlighted, with AI seen as a tool to enhance productivity rather than replace human workers.
π¨ββοΈ AI in Medicine and Career Advice
The paragraph delves into the impact of AI on high-paying medical professions, with a focus on the significant number of AI medical devices approved by the FDA, particularly in radiology. It suggests that AI could reduce the demand for radiologists by enhancing diagnostic capabilities, thus easing the pressure on this in-demand field. The discussion extends to the broader implications for software development, where AI is already aiding in code writing and has the potential to elevate the skills of average developers. The paragraph concludes with advice for career planning, emphasizing the importance of hard work, marketable skills, and the potential longevity of certain professions, with a particular nod towards STEM fields.
π Career Guidance and AI Investment Strategies
In the final paragraph, the speaker shares personal career insights and offers advice for young people, suggesting that while following one's passion is important, financial stability should not be overlooked. The importance of a strong work ethic and the value of proving one's worth in competitive fields are highlighted. The speaker also underscores the enduring demand for medical professionals and the potential risks of pursuing careers in highly competitive areas without a clear path to success. The paragraph concludes with a recommendation to invest in AI as a hedge against job displacement, pointing to the channel's other videos for more information on AI investment opportunities.
Mindmap
Keywords
π‘AI
π‘Generative AI
π‘AGI
π‘Investment in AI
π‘AI and Jobs
π‘Robotics
π‘Software Automation
π‘AI in Medical Professions
π‘AI Job Postings
π‘Career Advice
Highlights
AI is not necessarily to replace jobs but to enable others to outperform those without AI assistance.
AI investments are concentrated in the United States, with a significant spike in generative AI funding.
Generative AI startups, though only 6% of the total, attracted 29% of the total AI investments in 2023.
AGI (Artificial General Intelligence) is the 'elephant in the room', with potential to outsmart the smartest human.
Elon Musk considers AGI a significant threat to humanity, with a 10-20% chance of annihilating mankind.
AGI can engage in a recursive improvement cycle, potentially becoming exponentially smarter in a short period.
The current AGI benchmark, Triple M U, shows AI models are approaching human expert levels.
Generative AI is being used for drafting, summarization, creating images and videos, and chatbots.
AI is heavily used in operations, R&D, product development, marketing, and sales functions.
Investing in AI startups is currently limited for retail investors as the most exciting startups are not public.
ARK's Venture fund provides exposure to top AI startups for those looking to invest.
The combination of AGI and humanoid robots could revolutionize common jobs, particularly those involving physical labor.
China leads in the installation of professional service robots, particularly in transportation and logistics.
AI is most commonly adopted in contact center automation, threatening traditional customer service jobs.
82% of developers are already using AI to write code, indicating a shift in software development.
The demand for radiologists may decrease as AI medical devices approved by the FDA become more prevalent in medical imaging.
The top specialized skills in 2023 AI job postings include Python, computer science, and SQL.
Career advice for young people includes focusing on what they love and are good at, with an emphasis on hard work and a strong work ethic.
STEM fields are recommended for study due to their competitive nature and high demand.