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AI's $14T Disrupter: 3 Stocks to Watch
PLUS Zoom AI: The Late-Comer's Guide!
Mohammad Sheikh
March 29, 2023
5 min read
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💸 Unleashing $14T potential with stocks?
🪓300 Million jobs axed?
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AI's $14 Trillion Potential by 2030: 3 Stocks to Invest In!
Ark Investment Management's recent "Big Ideas 2023" report highlights the potential of artificial intelligence (AI) to add an astounding $200 trillion to global economic output by 2030. This forecast points to explosive growth for the remainder of the decade, with a surge in workforce productivity leading the charge. The cost to train generative AI models like OpenAI's ChatGPT could decline by 70% per year between now and 2030, leading to advanced AI-powered tools that could make programmers 10 times more productive. This could have implications for every industry, as access to AI technology would no longer be financially prohibitive.
Goldman Sachs Forecasts Job Disruptions for 300 Million
A new report by Goldman Sachs is raising concerns over the impact of artificial intelligence on the global job market. According to the report, as many as 300 million jobs worldwide could be affected by AI automation. The study analyzed jobs in the US and Europe and found that two-thirds of jobs could be automated to some degree. The report suggests that while automation could boost labor productivity growth and global GDP by up to 7%, significant disruption to the labor market is also likely. The US office and administrative support jobs are among the most vulnerable, with 46% of their tasks being potentially automated.
Zoom's AI Features Save the Day for Late Meeting Attendees
Zoom's new AI-powered assistant, Zoom IQ, is taking the video conferencing app to the next level. In partnership with OpenAI, Zoom IQ brings a range of features including catching up on missed meetings, generating AI responses to colleagues, and more. Zoom is stepping up its AI game to keep up with Google and Microsoft's own AI assistants, bringing exciting changes to video conferencing and productivity.
📙The Daily AI Lexicon 📙
Cognitive Computing
A type of AI that mimics the way the human brain works, using algorithms and data to simulate human thought processes.
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If you know incremental prompting, you can make ChatGPT think like a Stanford professor.
Here's an example of how I did it 👇
— Mushtaq Bilal, PhD (@MushtaqBilalPhD)
6:47 AM • Mar 27, 2023
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