26% of European Tech Firms to Cut Jobs Due to Generative AI With ChatGPT According to a survey conducted by Sortlist Data Hub, it has been found that 26% of European software and tech companies are planning to reduce their workforce due to the emergence of ChatGPT and ChatGPT-based apps. Finance companies also face a potential decrease in jobs, with 22% of them considering the same action. Interestingly, while 23% of tech workers perceive...
Approximately 300 million full-time jobs worldwide could be automated in some way by the latest wave of artificial intelligence, of generative AI, that platforms such as ChatGPT have brought about, according to economists from Goldman Sachs. They predicted in a report on March 29, 2023 that 18% of work worldwide could be automated, with the effects being felt more deeply in advanced economies than in emerging markets. This is partly because...
ChatGPT and the job market: 51 percent of employers planning to cut jobs will do so in marketing On a departmental level, employees in product management and customer service departments are 2x more likely to worry about their jobs than marketers… but marketers’ skill set is the one most at risk in the job market. Although employers may look into ChatGPT consulting services before making their final decisions, according to recent research,...
What are AI Spokespersons? AI Spokespersons are becoming very popular on TikTok, Instagram & Youtube as a great example of short videos. And that is why we are also going to use them on this site and on social media. What is an AI Spokeperson: An AI Spokesperson is an AI generated character that replaces real-life presenters in videos and presentations. It is a type of synchronized video. More: Generative AI, Advantages of AI generated...
Employees in the Finance Industry do not see ChatGPT as a threat, although they should. Finance is the second-biggest industry after marketing where employees and employers have differing views on how the ChatGPT technology will reduce headcount. Employees in the finance industry do not see ChatGPT as a threat, although they should. This study shows that only 14% of employees in the finance sector fear that ChatGPT will be used to reduce...
AI Transformation - What It Is? AI Transformation is key for corporates, startups and scaleups to future-proof their organizations in the new AI driven digital economy. What is Ai Transformation? "AI transformation is the process of driving digital transformation through Artificial Intelligence to integrate AI into all areas of a business and the organization and to change the way how your company is value for and with your customers fast and...
Generative A.I. - What Is It? One of the most disruptive forms of AI is 'Generative AI'. What is generative AI? Generative AI is a type of artificial intelligence (AI) that can create new content, such as text, images, audio, 3D models, videos and even complete websites and e-com stores. It does this by learning patterns from existing data, then using this knowledge to generate new and unique outputs. Generative AI is capable of producing...
What is ChatGPT Prompt engineering? ChatGPT prompt engineering refers to the process of designing and crafting effective prompts to interact with the ChatGPT language model. The prompt is the initial text or question provided to the model to elicit a desired response. Prompt engineering involves formulating prompts in a way that helps guide the model's behavior and ensures the generation of accurate and relevant responses. Here are some...
A.I. including ChatGPT presents serious threats for corporate FinTechs if C-level executives and other senior managers do not define and implement the right AI-strategy in their organisation in an integrated way and fast. Here is an overview. Fintech corporations that do not implement AI, including ChatGPT and other Open-AI based applications, in time in their whole organisation may face serious threats going forward. Survival will be difficult...
