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EU AI rules, Oracle’s booming, and the impact of AI on SW jobs

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

Author

Malcolm Frank, CEO
March 18, 2024

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This Week’s Highlights

We track all AI tools and jobs so you have the latest on how AI is changing the business and employment landscape.

Here’s some of the best of what we discovered this week:

Europe continues to extend its leadership in…regulation

Brussels passes first law in regulating AI.

Survey: 55% of US workers have job security concerns

IT Services is the worst sector, with 90% worried about job losses. 

…and laid off techies face a “sense of doom”

Tech industry job cuts the highest since the dot-com crash. 

Adobe under pressure as AI competition heads up

Stock drop fueled by concerns that new startups are a competitive threat.

But Oracle’s “AI business is booming” says Larry Ellison

“We've got at least 40 new AI bookings that are over a billion (dollars) that haven't come online yet,” Oracle CEO Safra Catz said.

Tool of the Week: Fireflies

Fireflies records your meetings, takes complete transcriptions and summarizes the important points and action items. 

The AI-enabled teacher

AI “assistant” being tested in NYC schools to create lesson plans.

The early impact of AI on software development

QA and Testing are leading the way in being automated.

Shadow AI: the new security threat in the enterprise

Only 1 in 25 companies have this under control, as unauthorized use of AI by employees introduces new threats. 

JPMorgan is elevating AI’s role across the company

Jamie Dimon signals AI could have its own reporting line, separate from the broader IT team, as the technology has “unbelievable” potential for the banking industry.

AI poses “extinction-level threat” to humans, says US State Dept.

Report warns rapid AI development is a national security threat, urging government action to avoid disaster.

Getting the Bronx cheer

At the SXSW Festival a movie touting the benefits of AI is loudly booed.

And one more thing…

Creepy AI News

Figure’s “jaw-droppingly creepy” robot powered by OpenAI.  You’ll never look at doing the dishes the same way again.  ICYMI the video is worth watching. 

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