AI Can Only Do 5% of Jobs: MIT Economist Fears Crash

MIT Professor of Economics Daron Acemoglu is not so sure that AI can deliver on the promise of an economic revolution. He wants to make clear that he gets the potential of AI, but by his calculation, only a small percent of all jobs — a mere 5% — is ripe to be taken over, or at least heavily aided, by AI over the next decade. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”

Google Introduces AI Time Machine!

Google Maps and Earth have introduced groundbreaking updates that integrate advanced artificial intelligence, improving satellite imagery, and adding time-travel features. The new Time Machine allows users to explore historical imagery from nearly 80 years ago, while the AI-powered Timelapse feature maps changes in landscapes over time. These updates offer powerful tools for researchers, urban planners, and environmentalists, providing clearer visuals and insights into urban growth, deforestation, and environmental changes.

Can BBC reporter’s AI clone fool his colleagues? – BBC World Service

Companies are being warned about the increasing use of artificial intelligence to carry out so-called CEO fraud.

More victims are coming forward with their stories of being targeted using generative AI techniques and one case in Hong Kong reportedly saw an AI clone used during a video meeting to trick staff into losing $25m.

But while some fear the rise of AI clones, companies including Zoom say we should be excited about a future where your clone can go to a meeting on your behalf. Cyber correspondent Joe Tidy has had an AI clone of himself built by engineers at Fraia AI – watch to see if he can fool his colleagues with it.

AI Model ‘Outperforming Humans’ Says Major Bank

ING is starting to use artificial intelligence to price currencies, replacing a job traditionally performed manually by the bank’s traders. The move is the latest in a race by banks to develop the most cutting-edge technology to reduce expenses and be competitive in the $7.5 trillion-a-day global currency market. The next frontier is developing AI, which promises to increase efficiency and reduce the number of traders banks need to employ. Simon Bevan, ING’s global head of electronic trading joined Caroline Hepker and Tom Mackenzie on Bloomberg Radio with the details.

Why I want an AI tutor

How can AI support kids struggling in school? Medical student and former tutor Sophia Hodgkinson showcases the ways artificial intelligence could help bridge achievement gaps for kids left behind. This talk was filmed at TEDxULisboa.