Experts Say These Jobs Are Being Threatened by AI
TLDRExperts and the Stanford report suggest that AI, particularly generative AI, is increasingly threatening jobs, with a significant focus on AGI's potential. In 2023, generative AI startups, though only 6% of the total, garnered 29% of AI investments, indicating a surge in interest. AGI's recursive improvement could lead to exponential intelligence growth, posing both opportunities and existential risks. The report highlights AI's applications in drafting, summarization, image and video creation, and chatbots, with implications for various sectors including transportation, logistics, and professional services. The video also discusses the impact on high-paying medical professions, software development, and the importance of STEM education, advising a proactive approach to AI's job market disruptions.
Takeaways
- 😲 AI is increasingly being integrated into various sectors, potentially threatening jobs by enabling others to outperform human capabilities.
- 💼 The World Economic Forum reports around 70,000 AI companies worldwide, with significant AI investment happening in the United States.
- 📈 In 2023, generative AI startups, which make up just 6% of total AI startups, received 29% of total AI investments, highlighting the focus on AGI (Artificial General Intelligence).
- 🧠 AGI represents a model that could surpass human intelligence, with the potential for recursive self-improvement, a concept that has Elon Musk concerned about its impact on humanity.
- 📊 AI is being utilized in various applications such as drafting, summarization, image and video creation, and chatbots, indicating a shift in how tasks are performed.
- 💹 Despite the significant funding in AI, most exciting AI startups are not publicly traded, but investment opportunities exist through funds like ARK's Venture Fund.
- 🏭 The integration of AI with robots could revolutionize common jobs, especially those involving physical labor, logistics, and tasks that are dull, dirty, or dangerous.
- 🚀 China leads in the installation of professional service robots, with a significant focus on transportation, logistics, and automotive sectors.
- 💡 AI is becoming a staple in white-collar jobs too, with contact center automation and software development being areas of significant AI adoption.
- 👨⚕️ For those concerned about job security in medicine, specialties like radiology, which heavily rely on image analysis, are seeing the most AI integration and potential job displacement.
- 👨💻 The top skills in demand for AI jobs in 2023 include Python, computer science, and SQL, suggesting a shift towards technical proficiency in the job market.
Q & A
What is the potential impact of AI on jobs according to the video?
-AI is not necessarily to replace humans but to enable others to outperform them, potentially making certain jobs obsolete or changing their nature.
How many AI companies are there worldwide according to the World Economic Forum?
-The World Economic Forum estimates there are around 70,000 AI companies worldwide.
In which country does the majority of AI funding occur?
-The majority of AI funding happens in the United States.
What was the amount of investment generative AI startups received in 2023?
-Generative AI startups received around 25 billion dollars in investments in 2023.
What does AGI stand for and why is it significant?
-AGI stands for Artificial General Intelligence, which represents a model that's smarter than the smartest human and can engage in a recursive improvement cycle, making it exponentially smarter in a short period of time.
What is the current status of AGI development according to the Stanford report?
-The Stanford report includes a benchmark using Triple M U, which measures performance on college-level questions across six core disciplines. The most advanced models are approaching but have not yet surpassed human expert levels.
What are some applications of generative AI mentioned in the video?
-Generative AI is being used for drafting first drafts, summarization, creating images and videos, and chatbots.
How can retail investors gain exposure to top AI startups that are not public?
-Retail investors can gain exposure to top AI startups by investing in funds like ARK's Venture Fund.
What jobs are most likely to be impacted by the integration of AI and humanoid robots?
-Jobs that require human contact and empathy, as well as labor-intensive roles like freight stock and material movers, are likely to be impacted by the integration of AI and humanoid robots.
What are some of the highest paid occupations that may not be significantly threatened by AI?
-The highest paid occupations, such as medical professionals, athletes, CEOs, pilots, and flight engineers, may not be significantly threatened by AI due to the complexity and need for human judgment in their roles.
What advice does the video give to young people regarding career choices in the context of AI?
-The video suggests that young people should consider pursuing careers in fields like STEM, where AI is less likely to replace human roles, and emphasizes the importance of a strong work ethic and being good at what you do.
Outlines
🤖 AI's Impact on Jobs and Investment Trends
The video discusses the transformative effect of AI on employment, emphasizing that AI is not intended to replace workers but to empower others, potentially outperforming human capabilities. It highlights the importance of understanding AI's current state and its disruptive potential. The speaker references a Stanford report, noting a significant surge in AI investments, particularly in generative AI, which received 29% of total AI funding in 2023 despite being only 6% of startups. The discussion points to AGI (Artificial General Intelligence) as the 'elephant in the room,' a technology that could recursively improve itself, with Elon Musk cautioning about its potential risks. The video also touches on the current AGI benchmarks and the advancements in AI models like Gemini Ultra, suggesting AI's growing capabilities.
💼 Opportunities in AI: Startups and Job Displacement
This section delves into the investment landscape of AI, noting that the majority of funding in 2023 went to private startups, which are not accessible to retail investors. It suggests following AI IPOs and looking into investment funds like ARK's Venture Fund for exposure to top AI startups. The video speculates on the future integration of AGI with humanoid robots and its potential impact on common jobs in the U.S., particularly in labor-intensive roles. It also discusses the global installation of professional service robots, with a focus on China's dominance and the sectors where these robots are most active. The speaker highlights the growing use of AI in white-collar jobs, such as software automation and robotic process automation, and how it could affect hiring trends and job displacement.
👨⚕️ AI in Healthcare and Skill Requirements for the Future
The video focuses on AI's role in the medical profession, noting that 88% of the top 26 highest-paid occupations are medical, with AI playing an increasingly significant role, especially in radiology. It discusses the FDA's approval of AI medical devices, most of which are software-based, and how AI can alleviate the demand for radiologists by enhancing diagnostic capabilities. The speaker also touches on the broader implications for software development, where 82% of developers reportedly use AI to write code, potentially improving the quality of software output. The video concludes with a list of the top specialized skills in demand for AI job postings, with Python and SQL leading the list, suggesting these as valuable areas for individuals to focus on for future employment in the AI sector.
🎓 Career Advice in the Age of AI
In the final part, the speaker shares personal career insights and advice for young people regarding the evolving job market influenced by AI. They advocate for a strong work ethic and suggest that pursuing a field one is good at, rather than just loving, might be a more pragmatic approach. The video emphasizes the importance of proving one's worth in competitive fields and the value of STEM education. It concludes with a recommendation to invest in AI as a hedge against job displacement and encourages viewers to subscribe for more content on AI, IPOs, and investment opportunities.
Mindmap
Keywords
💡AI
💡Generative AI
💡AGI
💡Investments in AI
💡AI and Jobs
💡AI in Professional Services
💡Humanoid Robots
💡AI in Medicine
💡AI in Software Development
💡Skills for AI Jobs
Highlights
AI is not necessarily to replace jobs but to enable others to outperform humans.
AI investments are heavily concentrated in the United States.
Generative AI startups received 29% of total AI investments in 2023.
AGI (Artificial General Intelligence) is the focus of significant AI investments.
AGI has the potential for recursive improvement, becoming exponentially smarter.
Elon Musk considers AGI a significant threat to humanity.
Generative AI is used for drafting, summarization, creating images and videos, and chatbots.
AI is heavily used in Operations, R&D, and Product Development.
Investing in top AI startups is currently limited to private firms.
ARK's Venture fund provides exposure to top AI startups.
AI combined with humanoid robots could automate common jobs requiring human contact and empathy.
China leads in the installation of Professional Service robots, particularly in transportation and logistics.
AI is heavily adopted in contact center automation, threatening traditional customer service jobs.
82% of developers use AI to write code, improving software development efficiency.
Python and SQL are among the top skills in demand for AI job postings.
For career advice, focus on earning money first, then pursue passions.
STEM fields remain a strong choice for future-proof careers.
