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AI revolution is set to change how work gets done in 2024 — and who is doing it
Seriesmaniac Now
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3 minutes ago
Source: https://www.msn.com/en-us/money/markets/ai-revolution-is-set-to-change-how-work-gets-done-in-2024-and-who-is-doing-it/ar-AA1lQpmK?cvid=681fb3278b884ab7914f71b78a1b76e7&ei=15
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00:00
What AI will do in 2024 predicted from global tensions to a transformed workforce.
00:06
Artificial intelligence experts have weighed in on the progress they expect to see from AI
00:10
in 2024 and the world could be rapidly shifting. With AI rapidly transforming how companies operate,
00:17
the priorities of world governments and also posing major questions around safety,
00:21
there has never been a more vital time to understand how our world is progressing.
00:25
Experts have now drawn together five key changes we can expect the world to see throughout next year
00:31
due to AI and they could be major. Geopolitical tension. It is expected that regulation of AI
00:37
will become a serious geopolitical issue, with leaders such as President Joe Biden and UK Prime
00:42
Minister Rishi Sunak already posturing themselves to become world beaters in AI regulation. In 2024,
00:49
we will see AI regulation become a serious geopolitical issue as governments seek to
00:54
protect their most successful AI companies, which are now seen as strategic assets,
00:59
explained James Clough, co-founder of Robin AI. There will be major clashes between the AI safety
01:05
lobby, advocating for regulation or a pause in AI capabilities progress, and from the AI
01:10
accelerationist world, advocating for open-source AI models and pushing back against any attempts at
01:16
regulation. Clough added, the debate between the two will break into the political mainstream
01:22
following the Sam Altman and open AI drama. Disconnected approaches. The US, UK and EU are all beginning
01:29
to employ different approaches towards AI and its regulation, meaning we are going to end up with
01:34
three incompatible AI rulebooks. It comes after the UK's AI safety summit earlier this year suggested the
01:41
UK's approach will be to play, but play safely, according to Dr. Richard Bones, principal of AI and ML
01:48
at Kin plus Carta. This is notably different to the US approach, which seeks to target specific areas
01:53
of risk, such as misinformation generated by AI and AI-powered cyber attacks. In turn, the EU is taking a
02:01
bureaucratic approach by categorizing AI into supposedly future-proof definitions, which then inform how much
02:08
risk that AI poses, and to regulate it. What this means is that we're going to see three distinct rule
02:13
books develop across these three markets. 2024 will see these rule books get tighter, which is going to
02:20
catch out those companies who didn't start building their data infrastructure that underpins AI use,
02:25
Dr. Bones added. Businesses will get stuck in. More and more businesses will begin to integrate AI
02:31
into their operation, working out where artificial intelligence can drive value, and taking on a more
02:36
practical approach. COO of Lenovo Solutions and Services Group Linda Yao believes that with
02:43
organizations having a better grasp of their data, they will be able to create a hyper-personalized
02:48
experience for end-users or the workforce. She added. One use case arising out of this is being able to
02:54
tailor our working or learning or living experiences to our own working patterns and historical data and
03:00
preferences. We could do this before, but now we can do so more precisely and efficiently.
03:05
Reskilling instead of replacing workers will be a priority. One of the greatest fears for the
03:11
layman surrounding AI is the concern about artificial intelligence replacing key aspects of our lives,
03:16
in particular our jobs. But according to Farley Thomas, CEO of Manageable, we will be talking about
03:22
reskilling and upskilling, because workers will not necessarily be displaced by automation.
03:28
Thomas believes that AI mostly poses a risk to managerial-level roles. If all you're doing is
03:34
supervising processes and production, this work is likely to be perfect for AI to do better and
03:39
cheaper. However, he added that the need for high-value work is only going to increase and that
03:45
this human element will coexist with AI. I like the idea of seeing AI as a co-pilot for complex human
03:52
work, such as leadership. Traditional software startups will integrate AI. We can expect to see
03:58
AI being integrated into more traditional software startups. With a greater shift towards profitability,
04:05
we will see more integration of AI into traditional software startups to reduce operational costs and
04:11
boost profitability, said John Frazell, CTO of Sure Valley Ventures. Whilst many will continue to
04:17
prioritize customer-facing AI solutions over internal AI projects, those that prioritize more complex
04:23
integrations that will transform business processes will be the real winners.
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