'You Are Better Off With An Arts Degree,' Obama Warns Of Impending Mass Layoffs Triggered By AI Adoption

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Obama paints a bleak picture of future with AI but shares four things it can never replace

During his recent conversation with the students of Hamilton College, former US president Barack Obama highlighted the impact of AI. Held on April 7, in the Sacerdote Great Names Series, Obama delved into a range of topics in his chat with Hamilton College President Steven Tepper, even as the students listened with rapt attention. His remarks on AI ring with the same sentiments as those shared by Bill Gates and other techpreneurs.

The 63-year-old Democratic leader stated As profound as that technology has been, AI will be more impactful, and it is going to come faster, and the reason is that its applications are not just in the communication and information area. It has potential applications across the board. Obama continued, To some degree, it’s an extension of this long trend towards automation, but it’s not now just automating manufacturing processes or the use of robot arms.



We’re now starting to see these models, these platforms able to perform really high-level, what we consider to be really high-level intellectual work See Also: Prove AI Can’t Do The Job Before Expanding Team: Shopify CEO’s Memo On Hiring Divides The Internet See Also: ‘Tough Year Ahead’ IMF Chief Warns AI Will Snatch Away 60% Of Jobs In Advanced Economy Remarking on the evolution of AI models and its impact on AI jobs, the 44th president of the United States painted a bleak picture of the future. so already the current models of AI, not necessarily the ones that your purchase or that you just get through the retail ChatGPT but the more advanced models are now available now to companies, they can code better than, let's call it 60-70% of coders. We're talking highly skilled jobs that pay really good salaries and up until recently has been entirely a seller's market in the Silicon Valley.

” He quipped a lot of that work is going to go away. The best coders will be able to use these tools to augment what they already do but for a lot of routine stuff, you just won't need a coder 'cuz the computer or the machine will do itself. He added, That's gonna duplicate itself across professions.

I would argue right now, unless you are really good I get one of the top 1% of in terms of understanding how to code. See Also: French Startup’s AI Influencer Builder To Take Over OnlyFans, Earning More Than Humans Soon; Internet Is Not Amused In the wake of AI stealing more than just a bunch of jobs, the former American president suggested (amid roaring applause) You're better off with a liberal arts education Reminding of the industrial revolution, Obama who worked as a financial researcher and writer at a firm after his graduation in 1983 from Columbia University, remarked Here's the reason I would say that the biggest questions we are going to face as more and more of the capacity of AI gets introduced and gets into manufacturing and law firms and accounting and a whole bunch of white collar professions, and it will be just disruptive as it was for factories, manufacturing in areas like this, steel mills and textiles. See Also: ‘At Best AI Can Do 30% Code’ IBM’s Chief Arvind Krishna Backtracks On Previous Claim That AI Will Steal Jobs See Also: ‘The End Of Middle Class’ Mumbai Startup CEO Rings In Alarm That AI Will Steal Most White Collar Jobs See Also: ‘Stop Hiring Humans’ Billboard By Company Selling AI Digital Workers Triggers The Internet: ‘Dystopian AF’ The author of five books including two memoirs and the bestselling ‘ The Audacity of Hope’ (2006), Barack Obama also reminded that despite all its technological excellence, there are a few things that the AI can or may not be able to do (not at least in the near future).

What these machines cant yet do and i dont anticipate will be able to do is TELL US GOOD STORY SHOW COMPASSION BE ABLE TO INSPIRE A CHILD BUILD A SENSE OF TEAMWORK and BELIEVE IN A COMMON MISSION. See Also: Amid Fear Of AI Stealing Jobs, Meta’s Chief AI Scientist Gives This Golden Advice To Students On His India Trip Cover: Patrick Gawande / Mashable India.