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AI Will Automate Many White-Collar Jobs: Amplo’s Ross

Alec Ross is a tech policy analyst and board member of VC firm Amplo and was a former senior advisor for Innovation to the Secretary of State under the Obama Administration. He joins Ed Ludlow and Caroline Hyde on “Bloomberg Technology” to discuss the impact of AI on the economy and the startup ecosystem. ——–…

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Alec Ross is a tech policy analyst and board member of VC firm Amplo and was a former senior advisor for Innovation to the Secretary of State under the Obama Administration. He joins Ed Ludlow and Caroline Hyde on “Bloomberg Technology” to discuss the impact of AI on the economy and the startup ecosystem.
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3 Comments

3 Comments

  1. @kurdi98k

    February 13, 2024 at 6:20 pm

    Probably not because automating white-collar jobs (to a significant extent) means a much lower tax revenue for the U.S. , lower consumer spending power, and in turn lower corporate revenue in aggregate.

  2. @normanoro206

    February 13, 2024 at 7:04 pm

    Alec Ross’s comments are intriguing. I’m not a legal expert and he may have some proprietary knowledge of generative AI in the legal field; however, generative AI offerings currently available to the public aren’t yet able to do everything that a lawyer does. In fact, although the technology continues to advance at a breathtaking pace, there are stories of lawyers who tried to use the technology only to get burned when the AI “hallucinated” and cited cases that don’t exist. Nevertheless, AI currently is good at many things. This includes summarizing documents, which probably consumes a lot of time in law firms and within legal teams. Even this, however, probably warrants at least some caution and review of the resulting summaries just in case. I’m an AI optimist and I believe this role for AI is probably the one preferred by most currently: An aid to human capabilities rather than a replacement. Eventually, however, the point that Alec Ross made will be realized. AI will one day enable the automation of white-collar jobs. Hopefully, this is the result of a gradual evolution of the relationship between people and AI so that the labor mix within society and the skills sets people have can adjust gradually without sudden large-scale displacements within the workforce. However, I think we as a society have to be open to the other possibility: That the change will happen very rapidly, which would open the door to significant disruptions in the labor force and potentially even social unrest. Fortunately, there’s time (for now). And the companies leading the charge in developing AI have voiced a commitment to doing so responsibly. This is notable considering the powerful financial incentives to develop better and more powerful offerings, as well as the unyielding pressure placed on these companies to monetize the resulting technology. Of course, even now, many criticize instances where companies seem to fall short of the beliefs they espouse with respect to AI. However, whether it’s warranted or not, this is necessary. It’s yet another force to hold companies to their commitments while bringing other voices and stakeholders into the conversation who should be heard.

  3. @nextcurve

    February 13, 2024 at 7:25 pm

    There is proof that AI can’t replace lawyers. In fact using generative AI and trusting the outputs can be very risky to a lawyer and their clients. This applies to other white collar jobs as well. They will be difficult to displace with AI of any sort. Person in the loop is important in any AI-assisted “solution” or operation.

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Samsung Gets Nvidia Help, CEOs From CES | Bloomberg Technology

Bloomberg’s Caroline Hyde looks at Samsung’s next steps as they post disappointing quarterly results but see a stock boost from Nvidia optimism. And, we speak with Mobileye CEO Amnon Shashua, on the future of autonomous driving. Plus, SiriusXM searches for growth after a disappointing outlook. Chapters: 00:00:00 – Intro 00:05:45 – Samsung’s SmartThings Sucesss 00:09:41…

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Bloomberg’s Caroline Hyde looks at Samsung’s next steps as they post disappointing quarterly results but see a stock boost from Nvidia optimism. And, we speak with Mobileye CEO Amnon Shashua, on the future of autonomous driving. Plus, SiriusXM searches for growth after a disappointing outlook.

Chapters:
00:00:00 – Intro
00:05:45 – Samsung’s SmartThings Sucesss
00:09:41 – Panasonic North America Chairwoman & CEO Megan Myungwon Lee
00:25:19 – Mobileye CEO Amnon Shashua
00:34:52 – Siemens US CEO Barbara Humpton
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Siemens US CEO on AI, Trump Administration

Barbara Humpton, CEO of Siemens US, discusses how the company has adapted to the changing supply chain landscape as they prepare for President-elect Donald Trump’s return to the White House. She joins Ed Ludlow on “Bloomberg Technology” to discuss. (Corrects title of guest.) ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch…

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Barbara Humpton, CEO of Siemens US, discusses how the company has adapted to the changing supply chain landscape as they prepare for President-elect Donald Trump’s return to the White House. She joins Ed Ludlow on “Bloomberg Technology” to discuss. (Corrects title of guest.)
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Mobileye: See Positive Policy on Autonomous Driving

Mobileye CEO Amnon Shashua sees a positive outlook for policy on autonomous driving under a second Donald Trump administration. He joins Ed Ludlow on “Bloomberg Technology” to discuss. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:  …

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Mobileye CEO Amnon Shashua sees a positive outlook for policy on autonomous driving under a second Donald Trump administration. He joins Ed Ludlow on “Bloomberg Technology” to discuss.
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