AI’s impact on global employment: 40% of jobs at risk, Urtopia introduces AI-powered e-bike, and more
According to the IMF, artificial intelligence poses a threat to 40% of jobs worldwide, exacerbating inequality. NASA has introduced a new tool powered by general artificial intelligence to simplify the retrieval of extensive scientific data. A survey conducted at Davos cautions that geopolitics and AI will hinder the global economy. HCLTech and SAP have partnered to drive innovation and business transformation in the field of general artificial intelligence. These are just a few highlights from our daily roundup.
1. Artificial intelligence threatens 40 percent of global jobs and deepens inequality: IMF
The rise of artificial intelligence may endanger nearly 40 percent of global jobs, which increases inequality, warns the International Monetary Fund IMF. CEO Kristalina Georgieva urges governments to create safety nets and retraining initiatives to counter the effects of artificial intelligence. Predicting an increase in inequality, Georgieva calls for proactive decision-making to prevent social tensions. Advanced economies, especially white-collar workers, face deeper consequences, affecting up to 60 percent of jobs, he notes in a blog post ahead of the World Economic Forum in Davos, CNN Business reported.
2. NASA unveils next-generation AI-powered tool to streamline access to vast science data
NASA uses the Science Discovery Engine, powered by generative artificial intelligence, to make it easier for scientists to access its vast data. With more than 88,000 datasets and 715,000 documents from 128 sources, including 30 archives, navigating the vast information requires more than domain expertise. The AI-powered tool aims to provide contextual results that meet the challenge of researchers who need both scientific and data literacy to sift through NASA’s complex data landscape. The CIO reports.
3. Davos study warns geopolitics and artificial intelligence to hinder global economy
According to a study conducted by the World Economic Forum (WEF) in Davos, geopolitical tensions and a tight economy are likely to hinder global economic growth, while artificial intelligence is expected to worsen inequality. More than 56 percent of economists predict a deterioration in global conditions, and growth prospects vary in different regions. ALJazeera reports that the survey highlights the need for policies promoting quality growth to balance the impact of AI on income groups.
4. HCLTech and SAP join forces to drive gen AI innovation and business transformation
HCL Technologies is partnering with SAP to advance generative artificial intelligence with the goal of driving innovation and business transformation. The partnership includes the development of Gen AI use cases tailored to SAP software, the enhancement of SAP solutions through cloud-based innovations. Leveraging its design expertise and SAP Business Technology Platform, HCLTech strives to deliver solutions that optimize productivity, streamline operations and accelerate application development. The initiative also includes the establishment of its own Gen AI center of excellence for industry-specific solutions, according to a report by News Drum.
5. Urtopia introduces an AI-enhanced e-bike with ChatGPT integration for smart, personalized rides
Urtopia’s AI-powered electric bike equipped with ChatGPT integration turns into a smart riding partner. CEO Owen Zhang describes it as the “Jarvis” of bicycles. The Urtopia Smartbar connects to smartphones via LTE and Bluetooth, enabling voice-activated interaction. Acting as a mobile trainer, the bike will use ChatGPT to find optimal routes based on user preferences and health data synced from the upcoming smart tire, providing a personalized and adaptive riding experience, according to a ZDNET report.
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