AI Deception: How Tech Companies Are Fooling Us

Summary

The video discusses the hype and reality of AI technology, drawing parallels with historical hoaxes like the Mechanical Turk. It highlights the misleading advertising and overpromises by companies about their AI capabilities, often relying on human labor behind the scenes. The script also explores the impact of AI on jobs, with examples of both failed AI implementations and its potential to replace human workers, emphasizing the need for a balanced view of AI's role in society and its development.

Takeaways

• 🎭 The Mechanical Turk, a famous 18th-century hoax, highlights the historical tendency to overstate technological capabilities.
• 📈 In 2016, Amazon's 'Just Walk Out' technology was marketed as an AI-powered checkout system, but it relied heavily on human labor for accuracy.
• 💡 The overuse of the term 'AI' in advertising can lead to inflated expectations and potential disappointment when the technology does not meet these expectations.
• 🌐 AI washing is a concern, where companies mislead about the capabilities or use of AI in their products, leading to distrust and potential legal consequences.
• 💼 The hype around AI has led to a significant increase in corporate investments, with a sevenfold increase from 2015 to 2022.
• 📉 The AI industry may be following the Gartner hype cycle, suggesting a peak of inflated expectations followed by a trough of disillusionment.
• 🚀 Despite the hype, there are real-world applications of AI that have the potential to transform industries, but the timeline for these applications may be uncertain.
• 🤖 AI has the unique ability to mimic cognitive labor, which could lead to significant changes in the job market and the way work is done.
• 💬 There have been notable AI failures, such as customer service chatbots providing incorrect or inappropriate responses, and AI-generated content causing embarrassment or harm.
• 🔄 The narrative of AI creating more jobs than it replaces is being questioned, as major tech companies continue to lay off employees, potentially due to the integration of AI.
• 🌟 While there are concerns about the overpromise and underdelivery of AI, there are also successful integrations of AI that are driving innovation and efficiency.

Q & A

What was the Mechanical Turk and how was it later revealed to be a hoax?

The Mechanical Turk was a machine built by Hungarian author and inventor Wolfgang von Kempelen in 1770, which appeared to play chess automatically. It was demonstrated in Europe and supposedly won most of its games against human players. However, it was later revealed to be a hoax, with a human operator secretly controlling the machine from underneath the table.

How did Amazon's Just Walk Out technology compare to the Mechanical Turk in terms of being a hoax?

Amazon's Just Walk Out technology, launched in 2016, allowed customers to grab items from a store and leave without manually scanning their purchases. The system used AI to handle transactions and logistics behind the scenes. However, it was later revealed that the technology was not as autonomous as advertised, with a thousand people in India manually reviewing and labeling videos to ensure accurate checkouts, similar to the Mechanical Turk's hidden operator.

What is AI washing and how does it manifest in the industry?

AI washing is a term used when companies create a fake buzz and mislead investors or consumers by providing manipulative or false information about the capabilities, limitations, or risks of their AI products. This can involve exaggerating the use of AI or outright lying about how and when AI is being utilized in their products or services.

What is the significance of the Gartner hype cycle in relation to AI development?

The Gartner hype cycle describes the pattern of human reaction to new, revolutionary technologies. It suggests that there is an initial phase of inflated expectations, followed by a trough of disillusionment. In the context of AI, the cycle helps to understand that while there is a lot of hype and overestimation of AI's current capabilities, the technology will eventually mature and find its real-world applications after the hype fades.

What are some examples of AI failures mentioned in the script?

The script mentions a few AI failures: a parcel delivery firm's AI chatbot that provided irrelevant answers and swore at a customer; academics using AI-generated material in a complaint to the Australian government, which included false information; and AI-generated images of animals with noticeable flaws.

How has AI impacted the job market according to the script?

The script suggests that AI has led to job losses in the tech industry and beyond. Despite companies claiming that AI would act as an assistant and create new jobs, there have been significant layoffs, with tech companies shedding workers even when they are making record profits. AI is being integrated into operations, leading to more efficient teams and structures, which can result in fewer human workers being needed.

What is the current state of AI in relation to the Gartner hype cycle?

According to the script, AI is currently at the closing stages of the peak of inflated expectations in the Gartner hype cycle and is slowly entering the trough of disillusionment. This suggests that while there is a lot of hype around AI, there will be a period of disappointment and reevaluation ahead.

What does the script suggest about the future of AI and its impact on jobs?

The script suggests that while AI has the potential to create new jobs and positively impact GDP, there is also a significant risk of job displacement, particularly for lower wage workers and those in customer service, sales, and office support roles. It emphasizes the importance of adapting to the changing job market and acknowledges that some jobs will be at risk regardless.

How does the script address the issue of AI replacing human jobs?

The script discusses the narrative that AI will not replace humans but rather empower them, acting as an assistant. However, it also presents the reality that AI is leading to job losses, with companies using AI to create more efficient operations that require fewer human workers. It highlights the need for a cautious approach to AI's impact on the workforce.

What is the role of data brokers in the misuse of AI?

Data brokers play a role in the misuse of AI by selling personal information to robocallers and scammers, which allows AI to generate convincing texts, emails, and robocalls aimed at tricking individuals. Companies like Aura work to help individuals opt-out from being sold to data brokers, thus mitigating some of the negative impacts of AI in this context.

What is the script's perspective on the potential of AI?

While the script acknowledges the current limitations and overhyped promises of AI, it also recognizes the exponential progress made in the field over the past decade. It suggests that despite current challenges, AI has the potential to continue advancing and bring about significant positive changes once it overcomes the current bottlenecks in compute and efficiency.

Outlines

00:00

🤖 The Hype and Hoax of AI Technology

This paragraph discusses the historical context of AI as a buzzword and the tendency of companies to exaggerate its capabilities. It begins with the story of the Mechanical Turk, a famous 18th-century hoax, and compares it to modern-day instances where companies like Amazon have been accused of misleading the public about the true extent of AI integration in their systems. The paragraph highlights the issue of companies overhyping AI technology without delivering on their promises, leading to customer distrust and potential negative impacts on the reputation of the AI industry.

05:02

💡 The Dangers of AI Washing and Misrepresentation

The second paragraph delves into the concept of AI washing, where companies create a false impression of their AI capabilities to attract investors and customers. It cites statistics from Goldman Sachs about the increasing number of companies mentioning AI in their earnings reports, and discusses the consequences of such misleading practices. The paragraph also mentions specific instances of companies like Delia and Wirecard being penalized for false claims about their AI technology, and raises concerns about the potential for an AI bubble similar to the dot-com bubble of the early 2000s.

10:02

📈 The Gartner Hype Cycle and AI's Future

This paragraph explores the Gartner hype cycle in relation to AI, suggesting that the industry may be nearing the end of the 'peak of inflated expectations' phase and entering the 'trough of disillusionment'. It discusses the pattern of overestimating the impact of new technologies and the subsequent market crash. The paragraph also addresses the potential for AI to mimic cognitive labor, which is a significant departure from previous technologies, and raises the question of whether the current AI applications will live up to the hype or lead to disappointment.

15:06

🏢 AI's Impact on Jobs and the Workforce

The final paragraph examines the impact of AI on employment, highlighting both the potential risks and the successful integration of AI in various industries. It discusses instances where AI has led to job losses and the narrative that AI will replace human workers. The paragraph also addresses the idea that AI might not be creating new jobs as promised, but instead is leading to layoffs and restructuring within companies. It concludes with a call for a cautious approach to AI, emphasizing the need for a balanced perspective on its benefits and drawbacks.

Keywords

💡AI Washing

AI washing refers to the practice where companies create a false buzz and mislead investors by providing manipulative information about the capabilities, limitations, or risks of their AI products. This is seen as a form of greenwashing, but for AI technology. In the video, it is mentioned that despite the hype around AI, many companies are not delivering on their promises, leading to a potential loss of trust in AI technology.

💡Data Brokers

Data brokers are entities that collect and sell personal information to third parties, such as scammers and telemarketers. They have the ability to know a lot about individuals, including their names, phone numbers, and addresses. In the context of the video, data brokers are presented as a problem that AI technology, through the service of a sponsor (Aura), can help mitigate by opting users out of having their information sold.

💡AI Bubble

An AI bubble refers to the concern that the excessive hype and investment in AI technology may lead to an overvaluation and eventual crash, similar to what happened with the dot-com bubble. The term is used to describe a situation where companies may overpromise on the capabilities of AI, leading to unrealistic expectations and potential disappointment.

💡Gartner Hype Cycle

The Gartner Hype Cycle is a model that describes the typical pattern of human reaction to new technologies, which includes an initial phase of inflated expectations, followed by a trough of disillusionment, and eventually leading to a stable plateau of productivity. In the video, this cycle is used to analyze the current state of AI technology and its potential future trajectory.

💡AI-Generated Content

AI-generated content refers to the output created by artificial intelligence systems, such as text, images, or videos, without human intervention. This technology has the potential to revolutionize various industries but also carries risks, such as producing misleading or inappropriate content.

💡AI in Customer Service

AI in customer service refers to the use of artificial intelligence to assist or replace human customer service representatives in addressing customer inquiries and issues. While AI can offer efficiency and availability, it can also lead to issues if not properly managed, such as providing incorrect information or failing to understand context.

💡Job Displacement by AI

Job displacement by AI refers to the concern that artificial intelligence systems may replace human workers, leading to unemployment and changes in the job market. This is a contentious issue, with some arguing that AI will create new jobs while others warn that it could lead to significant job losses.

💡AI Ethics

AI ethics refers to the moral principles and values that should guide the development and use of AI systems. It encompasses issues such as fairness, transparency, accountability, and the potential impact on society, including privacy concerns and the use of AI in decision-making processes.

💡AI Transparency

AI transparency refers to the degree to which the processes, algorithms, and decision-making criteria of AI systems are open and understandable to both developers and end-users. It is crucial for building trust in AI technology and ensuring that AI systems are accountable and fair.

💡AI and Privacy

AI and privacy concern the intersection of artificial intelligence with individual privacy rights. As AI systems often rely on large amounts of data, including personal information, there is a risk of privacy infringement if not properly managed. This includes the potential for data breaches and misuse of personal information.

💡AI in Tech Industry

AI in the tech industry refers to the integration of artificial intelligence into various aspects of technology companies, from product development to customer service and business operations. The impact of AI in this sector is significant, as it can lead to both innovation and job displacement.

Highlights

In 1770, Hungarian author and inventor Wolfgang von Kempelen built a self-operating chess-playing machine called The Mechanical Turk, which was a hoax.

Amazon's 'Just Walk Out' technology, launched in 2016, was initially presented as an AI-powered checkout system, but it was later revealed to be assisted by human operators.

As of 2022, around 1,000 people were still manually reviewing 70% of transactions in Amazon's stores, despite the company's promotion of the technology as a utopian AI solution.

The use of AI technology by other companies, such as sports stadiums and airports, was based on Amazon's 'Just Walk Out' system, which raised questions about the transparency of AI capabilities.

AI washing is a term used to describe when companies create a fake buzz and mislead investors by providing manipulative information about their AI products or capabilities.

A record 36% of S&P 500 companies mentioned AI in their Q4 earnings reports, indicating a widespread hype around AI technology.

Global corporate AI investments have increased seven times from 2015 to 2022, leading to a pressure to integrate AI into business models or products, even if it's not genuine AI.

The term AI is being overused and thrown around casually, which can lead to inflated expectations and potential disappointment.

AI technology has the potential to mimic cognitive labor, which is a significant change compared to previous technologies that required human intervention.

AI has been compared to the dot-com bubble and the crypto fiasco, with concerns about overpromising and underdelivering.

The Gartner hype cycle suggests that we may be entering the trough of disillusionment with AI, where the real applications will emerge after the hype fades.

There have been notable AI failures, such as an AI chatbot swearing at a customer and AI-generated content causing embarrassment in formal submissions.

Some companies are successfully integrating AI, but there is also a trend of AI being used to replace human workers rather than assist them.

Tech-related layoffs have continued into 2024, with companies citing AI as a factor in employee reductions, despite record profits.

AI's impact on job displacement is more nuanced than simply replacing individual workers; it can lead to more efficient team structures that require fewer employees.

There is a growing concern that AI will lead to significant job losses, especially in customer service, sales, and office support roles.

The narrative that AI will create more jobs than it replaces is being questioned, as major companies continue to lay off workers and reduce hiring.

The video concludes by emphasizing the need for a cautious approach to AI and its promises, and the importance of understanding the full scope of its potential impacts.

Transcripts

this video is brought to you by Aura hi

welcome to another episode of Cold

Fusion in 1770 Hungarian author and

inventor wolf Gan Von kemplin built and

unveiled a self-operating chess playing

machine called The Mechanical Turk in

demonstrations around Europe his chess

playing invention won most of its games

against actual human chess players and

it's even said that it went on to beat

players like Napoleon and Benjamin

Franklin naturally The Invention was

extremely popular a Marvel of its day

however it was actually just some guy

under the table secretly operating the

machine in other words it was a hoax

some 250 years later in 2016 Amazon

pulled a similar stunt their checkout

system called just walk out allowed

customers to Simply grab items from the

store and leave under this system

customers didn't have to manually scan

their items at the checkout the

transactions and Logistics were

automatically taken care of behind the

scenes by AI An Elegant combination of

Compu Vision sense of fusion and deep

learning or was it just like the

Mechanical Turk all was not as it seemed

Amazon's so-called AI technology was

actually powered by a thousand people in

India watching and labeling videos to

ensure accurate checkouts now humans

labeling data is often how AI models are

first trained and that's fine but the

point is the advertising was misleading

even by 2022 these 1,000 people were

still manually reviewing 70% of of

transactions in 20 Amazon go stores 40

Amazon fresh grocery stores and two

Whole Food

stores although some saw it as dystopian

Amazon promoted their just walkout

technology as a utopian magical solution

powered by Ai and here in lies the

problem companies often leave out

critical information in the fine print

it wasn't until 2023 that Amazon mention

the use of the a thousand people in

India and it gets worse according to a

report by the information other

companies were swindled too quote 30

stores operated by other companies in

the US sports stadiums 12 airports and

one University all used Amazon's walk

out

technology and this is where things

become murky when companies promis

revolutionary technology but don't

follow up on them it creates distrust

but it can even spoil it for those who

are doing legitimate work in the field

with the AI Revolution that we've seen

over the past couple of years there

needs to be a more critical look at

what's happening with AI in this episode

we'll see the reasons for the AI hype

and its consequences we'll look at if

there is indeed an AI bubble and what

real world impact that might be having

this includes companies releasing

half-baked AI products but also

simultaneously replacing actual humans

with AI it's a dichotomy of the industry

so sit back and relax as we make sense

of it

all you are watching C Fusion

TV one use of AI technology that

absolutely nobody is thrilled about is

the fact that it can make scammers lives

easier AI can help generate convincing

texts that try to trick you into

clicking a fishing link and then there's

the spam emails and Robo calls you've

all experienced it but why does it

happen it's because your information has

been sold to data Brokers they're making

a fortune from selling your information

to robocallers and scammers they can

know a lot about you including your name

phone number and address but there's a

simple way to stop this that's where

today's sponsor Aura comes in they can

identify data Brokers and submit opt out

requests on your behalf Brokers are

legally required to remove your

information if you ask them to but they

make it super hard to do let Aura handle

that for you Aura also does so much more

to protect you and your family from

online threats that you can't see it's

really easy to set up so you don't have

to download several different apps to

get things like parental controls

antivirus a VPN password management

identity theft Insurance and more and

you get everything at one affordable

price visit aura.com

Fusion to get started on a 2-e free

trial offer only available in the United

States okay so let's

continue no it's not just you the term

AI is really being thrown around

everywhere for older cold fusion viewers

you'd know that I've been covering AI

for the good part of a decade now before

2022 the word artificial intelligence

was limited to Industry verbage in

obscure research papers the general

public didn't know or care and even as

late as 21 when I covered gpt3 there was

a lot of people that thought I was just

making it up how could a computer

possibly talk like that well as you all

know after 2022 especially following the

launch of chat GPT it was a different

story from your smartphone to LinkedIn

to your local government site a lot of

organizations today will boast the term

powered by

AI while in a lot of cases it makes

sense the overuse of the term and it

being thrown around so casually is a

symptom of something called AI

washing AI washing simply put is when

companies create a fake buzz and mislead

investors by providing manipulative

information about the capabilities

limitations or risks of their AI

products or simply wholesale lie about

how and when they're using AI according

to Goldman Sachs a record 36% of S&P 500

companies mentioned AI in their Q4

earnings reports if the biggest

companies in the world are hyping it up

there's no doubt that small companies

are following suit and some without

tangible results backing up their claims

and the Investments are there to match

too from 2015 to 20122 Global corporate

AI Investments have increased seven

times a lot of companies have seen

tremendous growth in the recent AI hype

and this puts pressure on other

companies to integrate AI into their

business model or their products in

order to compete and that's even if it's

not really AI Monkey C Monkey Do For

example the Canadian investment firm

Delia claimed that that had built an AI

to predict upcoming companies and

Industry Trends despite not having any

such capabilities the SEC caught wind of

the scam and has since ordered them to

pay

$225,000 and this was for false

advertising and misleading statements

about the use of AI and I have a feeling

that this is just the start I previously

talked about the wire card fraud where

CEO Marcus Brawn boasted about having

Advanced proprietary AI throughout their

fintech products and services in reality

it was just spreadsheets in the end

there was $2 billion missing from the

books but that was a story for a

different day you might have also heard

about the npu or neural Processing Unit

it's a dedicated processor specifically

designed for AI tasks among other things

they're becoming increasingly common in

the world of PCS and laptops and

Microsoft has even claimed that we're

now in the age of the AI PC but recent

reviews of the current crop of these

products have left consumers with a bad

taste in their mouth let's talk a bit

more about AI yes the Snapdragon

processors dominate here but AI is still

very nent many people either won't use

these tasks all that much or these tasks

themselves just don't work that well yet

for example they demo generating images

of animals and they highlighted how fast

the processes were versus Intel but when

I look closely at the images generated

they were all garbage the AI dogs all

had very lopsided eyes so who cares if

one of these processors is faster than

the other if they are both generating

garbage right now I just wouldn't advise

anyone buy a laptop based on its AI

capabilities a news analyst from

computer world has mentioned that these

AI PCS aren't quote all they cracked out

to be and if you're expecting something

transformative when you buy one from the

start of 2024 you're going to be

disappointed they might one day deliver

a lot of cool features just not yet end

quote but are there consequences of such

misplaced promises other than distrust

from customers companies that Miss The

Mark with AI product launches are

constantly trying to save face even the

most popular companies in the world are

not immune to mistakes perhaps the

biggest consequence of AI washing is a

certain b word that might be lurking

around the

corner almost as soon as AI started

going Uber mainstream from late 2022 a

lot of people immediately liken the

phenomenon to the dotom bubble or even

the crypto Fiasco in fact some people

still do today even when we talk about

the.com Bubble it's not the worldwide

web that was the problem because of

course you're using a right now instead

it was mostly the e-commerce side of

things which over promised reeling in

investors but underd delivered leading

to a crash when everyone realized that

the companies that they invested in

weren't making any

money with AI there's no doubt that

we'll see some more investment in the

space and Monumental growth too

according to Oppenheimer no not the one

you're thinking of who's a chief Global

Equity strategist at Goldman Sachs

research quote we believe we are in the

relatively early stages of a new

technology cycle that is likely to lead

to further outperformance end quote

Nvidia who designs the chips that are

powering big Tech's AI Revolution is

tentative proof of this their stock is

up 80% this year alone perhaps excessive

but it's indicative of what the market

thinks of AI Mark Cuban who made his

fortune during the era also doesn't see

AI as a bubble in a recent interview

with Lex fredman he expressed that the

biggest sign that we're not in a bubble

is the lack of IPOs in the AI sector

also the absence of companies with no

intrinsic value going public and the

lack of quote funky AI companies is a

key indicator he noted that the current

market doesn't exhibit such

characteristics and I think that I

largely agree with that there's

obviously some bad players in the

industry who are just trying to make a

quick Buck but there might be more to it

and here's what I mean there's a known

pattern for emerging Technologies called

the Gartner hype cycle it describes how

humans tend to be overzealous about a

new revolutionary technology we

overestimate and overshoot its impact

hype it up until the market crashes and

after the crash the real companies with

the real value come through and

spearhead the development of the new

technology until it's mature if we look

at the Gardner hype cycle for AI it

seems like we're at the closing stages

of the peak of inflated expectations and

are slowly entering the trough of

disillusionment this interpretation of

the current market means that there's

going to be a lot of disappointment

ahead the real applications of AI will

come after the hype and fatigue Fades

but but this time could be a little bit

different because at its core AI has the

ability to mimic cognitive labor a

change that no previous technology has

been able to do without intrinsic human

intervention whereas as pointed out in a

previous podcast episode during the dot

bubble there were a lot of people simply

making a random website and going public

and investors would throw money at

anything with a do at the end of its

name there's been a lot of organizations

that have been ring to launch AI

products or replace humans with AI

altogether but the ones who are hastily

adding the ever popular quote powered by

AI gimmick are failing badly and there

have been some spectacular AI failures

for example a parcel delivery firm

called dpd enabled an AI online chat for

answering questions for One customer it

was not only useless at answering

relevant questions regarding his order

but instead when asked it provided him

with a poem and swore at him this

amazing poem came forth about a dpd

chatot who who wasn't able to do

anything it was quite amazing it

appeared to even disregard its own rules

and started swearing and even started

dissing its own employer adding dpd is

the worst delivery firm in the world I

would never recommend them to anyone in

Australia a group of academics used AI

generated material as part of their

complaint submission to the Australian

parliament against four of Australia's

biggest banks of course the AI made up a

whole bunch of information including SC

scandals that never existed and

implicating deoe when they had nothing

to do with the original complaint

someone on the team didn't read the

entire submission before it went to the

Australian government so it was a huge

embarrassment and the academics were

forced to apologize this is just one of

many examples and I'm going to include a

website that keeps a running tab of

these AI blunders but on the other hand

there are companies who are integrating

AI successfully and this is where we

come to the other kind of broken promise

when it comes to AI it's not CEO's over

promising ai's usefulness but under

promising instead in other words we were

told that AI would be our assistant and

create new jobs not replace us but what

if that's just not true not about

replacing the human in the loop in fact

it's about empowering the human like

it's an assistant it's an assistant this

clip from SAA is a bit hard to believe

now even though later he did mention the

flip side yes I'm sure a lot of us use

chat GPT to help get work done on

personal projects but AI eventually

creating more jobs than it would replace

maybe not so fast you may have noticed

that since 2022 there's been a lot of

tech related layoffs The Narrative is

that this is happening due to the over

hiring during the pandemic times and

that would make sense for 2022 and even

2023 but in 2024 we're still seeing Mass

layoffs now if companies were just

struggling to make a profit the

explanation would be as simple as the

common business cycle but strangely some

of the biggest companies in the world

are seeing record profits they're almost

cyclically shedding

workers according to reports tech

companies fired 165,000 people in 2022

260,000 in 2023 and so far the

projection is 270,000 in 2024 so if

companies are doing fine why are workers

being kicked out the door well marketing

professor and author Scott Galloway

thinks quote there's something else

going on end quote in his recent blog

post dissecting the impact of AI on

corporations he mentions quote AI is

playing a larger role in layoffs than

CEOs are willing to admit end quot the

normal way we think about Job

Replacements caused by AI is that Joe

blogs is working at his computer

analyzing company figures or something

like that and then suddenly the next day

he's replaced by an AI but the truth is

it's a bit more nuanced than that as

companies slowly get better at

understanding how AI can Aid in their

operations they'll create better teams

and structure with higher outcomes

basically instead of three people doing

the work of three you'll have one person

doing the work of five with AI the

problem is that none of these companies

are being sincere about it because if

you're a CEO and you've been hyping up

AI as the single greatest thing to

happen to the industry and then you

follow it up with a memo that you've

laid off 30% of your staff because of AI

the hypocrisy becomes clear but in 2024

it seems like the truth is slowly coming

out and there's hints everywhere IBM

made headlines when CEO arvind chrish

mentioned that they're planning to pause

hiring roles that could be replaced with

AI same with UPS where recently their

CEO Carol Tom acknowledged that AI is

playing a part in employee layoffs and

this came after UPS had the largest

layoff in its 116e history 12,000

workers in both cases spokes people

later clarified saying quote AI is not

replacing workers end quote which is

basically PR talk to save face in fact a

Shopify employee broke their

non-disclosure agreement to expose that

the company has been secretly firing

employees because of AI the shift is

even having an impact far outside the

tech industry TV and media producer

Tyler Perry was building an $800 million

Studio expansion but paused its

construction after he saw the results of

open aiora an AI video generator he made

the remark quote I am very very

concerned that in the near future a lot

of jobs are going to be lost end quote

in the last couple of years you probably

would have heard this phrase a bit AI

will not replace humans but humans who

utilize AI replace humans who don't

there's definitely some truth to it but

some jobs will be at risk regardless we

don't have to imagine this it is already

happening Mega caps like meta and

alphabet they are shrinking their

workforces and and shrinking their

hiring it's this idea that senior AI

researchers or data analysts they can do

more with Gen than an army of Junior

Engineers who code a recent report from

Mackenzie found that around 12 million

us workers may need to switch jobs by

2030 lower wage workers are 14 times

more likely to be impacted stem

Healthcare Builders and professional

Fields will continue to add jobs but

generative AI could change work

significantly for occupations like

customer service and sales and office

support there's been repeated reports of

how AI will be adding hundreds of

millions of jobs in the next decade and

how it's going to positively impact GDP

while by some miracle this could happen

right now as has been the case in many

times in history the train will leave

the station without telling us whether

we're aware to jump on board or not is

the

question so wrapping this all up I do

have to mention that in no way am I

saying that all forms of AI and all of

these giant corporations are elaborate

hoaxes in fact on this channel I've been

making videos about AI progress for the

better part of a decade now and I've

seen exponential progress right in front

of my eyes and so will many of you we

may have hit a temporary bottleneck when

it comes to compute but all it takes is

a breakthrough in model efficiency and

the curve continues upwards but I just

think that it's important to still have

a cautious approach when it comes to

looking at all sides of a story I'm also

working on a video that's all about the

positive real life impacts of AI so

hopefully that's going to balance things

out a

bit so far it seems like the promises of

AI are yet to be fully realized whether

that's creating and not taking jobs

solving Global issues or even providing

us with a Dependable AI customer service

spot that doesn't swear at us with such

big and bold promises from these

companies over the years it's important

for all of us to ask ourselves do we

have technological gold a trojan horse

or a chess master hiding under a

table anyways that's about it from me my

name is toogo and You' been watching

cold fusion if you did like that episode

feel free to subscribe there's plenty of

other interesting stuff on the Channel

all right so I'll catch you again soon

cheers guys have a good

one a better

future Heaven Help Us make a better

[Music]

future cold fusion it's new