Posted on 05/06/2023 7:34:53 AM PDT by CFW
IBM CEO Arvind Krishna announced a hiring pause, but that’s not all. He also stated the company plans to replace nearly 8,000 jobs with AI.
Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes.
The transition will happen gradually over the next few years, with machines potentially taking over up to 30% of noncustomer-facing roles in the five years. This means that workers in finance, accounting, HR and other areas will likely find themselves facing stiff competition from robots and algorithms.
The decision highlights the increasing reliance on automation and artificial intelligence across various sectors and the potential impact on the workforce.
(Excerpt) Read more at finance.yahoo.com ...
BEFORE Biden hired 87,000 IRS agents/employees . . .
04/14/2019 - The Hill
EXCERPTS:
The sheer size of our government workforce is an alarming problem
After eight years of reckless expansion of the federal workforce under Barack Obama, Donald Trump vowed to downsize the wildly growing bureaucracy of Washington. In 2016, he promised to “cut so much your head will spin.” However, during the first two years of his presidency, there has been no significant effort to reduce the bloated federal payrolls. In fact, the federal government is the largest employer in the nation.
Walmart, which has a presence in communities of all shapes and sizes, is the largest private employer in the nation with 1.5 million workers.
Yet the number of Americans who rely on the corporate giant for their livelihoods is dwarfed by the number who rely on the federal government for their paychecks.
The federal government employs nearly 9.1 million workers, comprising nearly 6 percent of total employment in the United States.
The figure includes nearly 2.1 million federal employees, 4.1 million contract employees, 1.2 million grant employees, 1.3 million active duty military personnel, and more than 500,000 postal service employees.
I started in software in 1977 and retired 6 years ago. I am counting my blessing.
Speaking from experience, HR might be the one area where AI’s an improvement.
I wonder if AI Czarina Kamala even gives “Hare” Krishna a call?
I used ChatGPT to put the various tax forms on Excel that would be needed to see how much I would have to pay in long-term capital gain taxes for varying sales of securities in a portfolio (tax forms were the "Qualified Dividends and Long-Term Capital Gains Worksheet," form 1040, Sch 1&2, Sch C, and Sch D).
I just wrote out my questions in long hand and asked ChatGPT for the various equations I would need and, boom, there they were.
It wasn't a complicated bit of work but it would have taken quite a bit of time if I had done it without ChatGPT.
Now I can do all kinds of "what ifs."
You hit the nail on the head there.
Without the people there will be nobody to train the AI, which is critical. Otherwise the AI will just end up being an interesting door-greeter.
Excellent post. Thank you!
Yes. AI can replace fake customers with fake money. Maybe take money from people’s accounts. The IBM tax.
I am not sure if I am being serious or not in my answer because I am not fully awake now.
That is the biggest threat to the Republic that we have. None of those people builds anything of value. Instead, they all have the ability to IMPEDE value creation via red tape, bureaucracy, regulations, giving away other people's money, etc. Their drag on the economy by impeding is probably 10X or 100X greater than the ability of the private sector to CREATE wealth and value.
It takes no particular skill or talent to impeded. It takes a lot of skill and talent to create. So marginal people are attracted to government. They probably get a thrill out of impeding the people who wouldn't hire them in the first place.
I have moved from ChatGPT to Bing's chatbot based on GPT-4 to analyze stocks and companies. It's amazing. The Bing chatbot gives you reasonably detailed answers and supplies the sources it used so you can check it out. The sources are much more to-the-point than what you would get from a Google search.
I posted a thread on it yesterday. Here: Microsoft axes Bing wait list, giving users free access to GPT-4. I posted a couple of examples on that thread of what the Bing Chatbot can do.
Here's a question I just asked Bing chatbot and the answer I got:
Sent message. What does AMD's 2022 10-K say about its data center sales for 2022.
Searching for: AMD 10-K 2022 data center sales
Generating answers for you…
According to AMD’s Q4 2022 financial results, revenue of $23.6 billion was up 44% over 2021 driven by higher Embedded, Data Center, and Gaming segment revenue, partially offset by lower Client segment revenue. On a combined AMD and Xilinx company basis, 2022 pro forma revenue was $24.1 billion, up 20% compared to $20.1 billion in 2021.1
In addition, according to AMD’s 10-K report for 2022, they offer the industry’s strongest portfolio of data center computing solutions based on their CPUs, high-performance GPUs, DPUs, FPGAs, and Adaptive SoCs. They have a broad technology roadmap and products targeting AI training and inference spanning cloud, edge and intelligent endpoints.2
One of the coming possible dangers of ai is mimicry.
there is a story out now about how ai is able to quickly analyze and mimic someones voice- if true, this will lead to phone calls using ai voice mimicry to dupe people into giving out sensitive Info or money, ie, the voice will say it needs money to “get their car back” or to “prevent going to jail” or some such scam.
If this happens, a possible way to combat it is to have those you know always give you a password when they call so,that you know it is really them. Or to ask the caller somehting that only the caller would know about if it is really them.
IF this does come to fruition, it’s pretty sad that we will,have come to a point where we can’t even trust our own ears when people call. Sca mess are a,ready spoofing people’s phone numbers, so it will look like they are actually calling from known phone number, and will sound like the person too.
Yes. Our AI will be in touch with your AI shortly. As in within the next 100 milliseconds. The company AI will be on all corporate conference and sales call and once trained will hold those calls also.
I was reading about a survey done with Zero Gennies. They all say they need to make at least $120,000 per year with lots of time off to go hiking to be “comfortable.” ROTFL. They need to run down to the Rio Grande on May 11th. Their competition for jobs is going to show up and wade across the Rio Grande to prove it. The youngsters out there need to hurry and get an Uber driver or Grub Hub delivery job before they’re all gone. Elections do have consequences. You idiots should have stayed home during the 2020 banana fest instead of “voting” for your massah, the Demented One.
> It wasn’t a complicated bit of work but it would have taken quite a bit of time if I had done it without ChatGPT.
I have a feeling a lot of analyst and management jobs are in jeopardy. OpenAI claimed somewhere that because they fed a lot of programming code into training ChatGPT, therefore it is particularly capable of logical reasoning. My current (corporate) employer is afraid of it and has banned it’s use for any purpose. I imagine it’s also going to have a heavy impact in software engineering and computer science and other intellectual arts as well.
Presently I’m looking at ways to apply LLMs inexpensively to anything that needs to be grounded in a large body of implicit knowledge in order to reason discretely, e.g. protein folding, animal behavior, manufacturing optimization, etc. Also interested in LoRa and other ways to make training more efficient.
Also maintaining off-grid/remote residence in case this leads to TEOTWAWKI, heheh. Though we may not have a chance to bug out before it’s too late.
Knowing how to code and logical reasoning are as different as education and intelligence...
Learn to electrician
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