Sunday morning, having a coffee☕, I remember that a few years ago I used to catch up on the week's news with the El Comercio newspaper🗞️, with a large tabloid presentation that I bought with a subscription and it arrived bagged so you wouldn't get your hands dirty with the ink.
Things have changed a lot these days. I basically don't read printed newspapers anymore; everything is digital📱. Books are different; I prefer to combine digital and printed versions. In that area, I still find a certain pleasure in reading paper, turning page after page, searching and rereading, the smell, etc.
Today I was reading, as usual, The Economist, which is well worth the investment to subscribe to, and I came across an article that I would like to briefly comment on, about three points that caught my attention in: “Your job is (probably) safe from artificial intelligence” (I share the link to the article at the bottom of the post).
It deals with the economic approach to the emergence of Artificial Intelligence🤖 and the seemingly overblown expectations about its impact on employment.
There are many economic topics, but I will focus on the technological aspect.
First, the growth📈 has been more than amazing since November, today there are AIs capable of “making” music, programs that convert text to video, and soon it will be possible to order food or book tailor-made vacations through OpenAI bots, just like using a web search engine.
Second, this technological frenzy has not yet had the impact on the economy that some believe; according to The Economist, the timeframe will be at least 30 to 50 years. The important thing here is to be inclusive in this growth.
Third, surprisingly, the most benefited technology company so far has not been an AI company, but rather Nvidia, a company that promotes AI models (chips for AI), and data center revenues are skyrocketing.
Of course, regarding employment, the curious thing is that countries with higher rates of automation and robotics, such as Japan, Singapore, and South Korea, have the lowest unemployment. And although it seems too early to see the effects of AI on employment, in the United States, a net loss of 151% of GDP could be reached, similar to that achieved in 2020, at the height of the pandemic.
On the other hand, the AI economy is likely to create new jobs. If you want to know which jobs are at the greatest risk, I invite you to read the full article.
Have a great Sunday and a great week!! We're already in June, halfway through the year... the first half has flown by... Let's go for more in the rest of Q2 and crush it in Q3 and Q4.
Link to the article: The Economist