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Disney teams up with AI, the death of MBAs, AI reshaping jobs, and sparking global shifts

AI is reshaping industries, challenging MBAs, and creating demand for AI talent. Learn how it's affecting global companies and redefining the job market.

Author

Malcolm Frank, CEO
October 28, 2024

 

A Note from Malcolm

Mind the Gap  

A significant skills gap has emerged as many knowledge workers lack the advanced AI-powered abilities that employers are prioritizing. 

This has led to what we call the corporate "two-step," where companies lay off large numbers of traditional employees to reallocate those resources into AI investments.  This transition is picking up momentum and is creating a lot of stress on both sides of the equation:  

  • For mid-level employees the AI sword of Damocles is hanging over their heads, while entry-level and contract positions are being eliminated at scale as AI increasingly replaces routine tasks.

  • For employers, they’re having significant difficulty finding talent with the skills to power their AI vision.  

At TalentGenius, we are now seeing this at scale with our customers; the need for AI-powered talent is exploding, but few can find the resources internally or externally.  

How will this get resolved?  Ultimately, HR teams need to step up, to assess the AI-readiness of their teams and then provide the roadmap for current employees to become AI stars.  

With that, let’s explore this and the rest of the week’s news at the intersection of work and AI:

How AI is killing the Harvard MBA

MBA candidates, buyer beware. Your MBA might not help you get that lucrative job. Why? Because AI is already killing your prospects.

A mis-matched tech talent market: Layoffs + AI skills demand

Amid a year of massive tech layoffs, organizations are pivoting to recruit AI talent but are finding a lack of skills. 

Chinese tech firms scramble to recruit top AI talent amid short supply

For every five new AI jobs in China, there are only two qualified workers available in the market.

AI dominates Gartner’s 2025 predictions

Enterprises will use AI to eliminate middle management positions, board members will use AI guidance to challenge executive decisions, and bad actors will use AI agents to carry out nefarious activities, Gartner predicts.

EY: CEOs bet big on GenAI to gain competitive edge despite hurdles to adoption

Survey of 1,200 global CEOs highlights the potential of AI, but most are encountering significant challenges in formulating and operationalizing related strategies

MIT: Introducing the AI Hype Index

A simple, at-a-glance summary of everything you need to know about the state of the industry.

NVIDIA’s Jensen Huang: AI will replace humans in “specific jobs” with 1,000 times higher productivity

“Depending on the job, it could do 20% of our jobs 1,000 times better. For others, it could do 50% of their job 1,000 times better.”

ServiceNow rides AI wave to another beat-and-raise quarter

Further evidence of AI gaining traction in the enterprise. 

The corporate two-step continues - Disney to shift focus towards AI in post-production and visual effects: Layoffs ahead?

The House of Mouse is poised to announce a major AI initiative that will transform its creative output, impact hundreds of jobs. 

The corporate two-step comes to Italy: banking leader Intesa Sanpaolo to cut 9,000 jobs in AI-fueled push

Cutting 10% of the workforce to re-invest in AI. 

OpenAI plans to release its next big AI model by December

The startup’s next flagship model, codenamed Orion, is slated to arrive around the two-year anniversary of ChatGPT.

Qualcomm, Google team up on AI for cars — here's what it could mean

Market leaders partnering to build the “digital cockpit.”

Tool of the Week: phind

The AI search engine for developers.

IBM: Enterprise IT facing imminent AI agent revolution

Big Blue warns that enterprise IT is on the brink of an AI agent revolution.

I tried AI to build a website in 3 Hours — It only took 30 minutes

Can Wix AI actually turn your needs into a functional website? The author was skeptical, but was proven wrong.

Long read: The proliferation of AI in military intelligence 

It’s a new arms race, moving super-fast with vast implications. Are we paying enough attention, and are we ready?

AI: the new legal powerhouse — why lawyers should befriend the machine to stay ahead

Clients now expect law firms to incorporate AI into their services because of potential cost and time savings.

And one more thing…

“If I could talk with the animals…”

AI helps humans have a 20-minute 'conversation' with a humpback whale: “We believe this is the first such communicative exchange between humans and humpback whales in the humpback ‘language.”

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