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GenAI is coming for remote workers, 57 AI stats and top AI uses cases for enterprises

AI for Pros: Navigating the Ever-Evolving Landscape of Artificial Intelligence in Business and Employment

Author

Malcolm Frank, CEO
July 29, 2024

A Note from Malcolm

If you can do your job remotely, it can be moved to Bangalore.  And now it’s a prime target for AI automation.  

COVID may be largely in the rear view mirror, but its impact on knowledge work remains.  Remote work is here to stay.  41% of jobs in Cary, North Carolina are remote.  For Seattle it’s 36%, Washington DC 34% and San Francisco 33%.  

This issue is driving the commercial real estate crisis, with vacancies remaining stubbornly high (at 35% in San Francisco, 25% in Chicago and 23% in New York).  An associated financial collapse has been averted to date (with “delay and pray” financing) but this can only last so long.  

Regarding jobs themselves, we’re now seeing a trend amongst employers to target remote workers and contractors for automation.  For example, demand for freelance front-end developers has collapsed this year.  Companies replacing remote work with AI automation is becoming a widespread trend.

So what does it mean?  Two things: 1.) If you want to see how and where AI is eating work, look to remote and contractor jobs, and 2.) If you want to keep your current job, get back to the office and curry favor with your boss. 

With that lens, here are some highlights from the past week at the intersection of enterprise AI and work:

GenAI is coming for remote workers first

Why?  Remote jobs have the highest proportion of digital tasks, leaving them exposed to automation. 

Silicon Valley shaken as open source AI models Llama 3.1 and Mistral Large 2 match industry leaders

Open source models reach “frontier-level” status, democratizing access and putting them on par with OpenAI, Google and Anthropic.

AI could force 12 million workers to switch jobs, causing unprecedented competition

What to do with the “630,000 cashiers, 710,000 administrative assistants, and 830,000 salespeople” who will soon lose their jobs to software?

The top AI uses cases in the enterprise

CapGemini’s finds 80% of companies are increasing AI investment, driving 8% productivity improvements and 7% increase in customer satisfaction where applied.

JPMorgan Chase unveils AI-powered LLM Suite; may replace research analysts

Rolled out to 50,000 employees, the new model functions as a “virtual research analyst.”

Do you like stats?  Here are 57 on AI that put things into perspective

Take a close look at key AI statistics along with growth projections for the future.

AI could “radically transform” 61% of jobs in the UK: Google

Blimey.

Tool of the Week:  Granola

Granola takes your raw meeting notes and makes them awesome

How AI changes the Internet in 6 phases

Broken: We spend seven hours a day on the Internet.
Fix: Let’s let AI agents do the work.

Here’s Kling, another big step forward in AI video generation

This is what geometric advancement in a space looks like. 

Actors go on strike over video game threat

Activision, Warner Bros and Disney hit with strike as performers are worried about being replaced by AI. 

DeepMind takes the silver at the International Mathematical Olympiad.

First chess, then Go.  Now math competitions. 

NYC turns to AI-powered scanners to keep guns out of the subway.

One more step towards Robocop.

And one more thing…

Mo’ money, mo’ money

More than a third of Americans now using AI to manage their finances.

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