AI to eliminate 800,000 jobs in Hong Kong by 2028: REPORT
1 year, 9 months ago

AI to eliminate 800,000 jobs in Hong Kong by 2028: REPORT

India TV News  

AI to eliminate 800,000 jobs in Hong Kong by 2028: REPORT Rising concerns over job losses accompany the increased adoption of AI models like ChatGPT, prompting companies in Hong Kong to urge employees in non-IT roles to learn ChatGPT usage, according to Venturenix. A study conducted by IT recruitment firm Venturenix predicts that around 800,000 jobs, equivalent to 25% of the workforce in Hong Kong, will be displaced by artificial intelligence technologies by 2028. According to a research report by global investment bank Goldman Sachs, AI has the potential to automate 25% of the overall labour market, with administrative jobs being automatable by 46%, legal jobs by 44%, and architecture and engineering professions by 37%. Researchers from Alibaba Group's Damo Academy and Singapore's Nanyang Technological University found that using large language models like GPT-4, which powers ChatGPT, for data analysis costs less than 1% of hiring a human analyst while achieving comparable performance.

Job Hong Kong Ai  job  2028  eliminate  800000  read  jobs  hong  potential  report  kong  models  chatgpt  ai

History of this topic

AI-related job openings are increasing as firms face talent shortage: Report
1 week, 5 days ago

AI-related job openings are increasing as firms face talent shortage: Report

The Hindu  

A new report by Bain & Company shows that AI-related job openings are increasing as companies face shortage of AI talent. In India, job openings in AI are expected to be 1.5-2 times of the talent availability by 2027 suggesting an urgent need to upskill and train employees. In the U.S., one in two AI jobs could be left unfilled …

AI to replace 4,000 jobs in Singapore's largest bank DBS
3 weeks, 6 days ago

AI to replace 4,000 jobs in Singapore's largest bank DBS

Firstpost  

A Bloomberg Intelligence report last month said banks worldwide will cut as many as 200,000 positions in the next three to five years due to AI Southeast Asia’s largest bank DBS said that 4,000 jobs could be cut in the next three years and be replaced by artificial intelligence as the technology becomes more advanced.“Over the next three years, we …

Hang on… Did Microsoft just admit that AI could dumb us down?
1 month ago

Hang on… Did Microsoft just admit that AI could dumb us down?

Live Mint  

Microsoft plans to spend $80 billion on artificial intelligence this year, reinforcing its position as a leading vendor. The study, carried out with researchers at Carnegie Mellon University, surveyed 319 knowledge workers on how they used AI, including a teacher generating images for a presentation about hand-washing to her students using DALL-E 2 and a commodities trader generating strategies using …

Chinese companies willing to ramp up AI investment
1 month, 2 weeks ago

Chinese companies willing to ramp up AI investment

China Daily  

By Fan Feifei | China Daily | Updated: 2025-02-07 07:37 Artificial intelligence-aided robots sort products at a logistics center of a garment company in Huzhou, Zhejiang province, on Wednesday. NI LIFANG/FOR CHINA DAILY Chinese companies are accelerating the adoption of generative artificial intelligence, as the cutting-edge disruptive technology presents a significant opportunity for enterprises to boost operational efficiency, remain competitive …

Chinese companies willing to ramp up AI investment
1 month, 2 weeks ago

Chinese companies willing to ramp up AI investment

China Daily  

Artificial intelligence-aided robots sort products at a logistics center of a garment company in Huzhou, Zhejiang province, on Wednesday. The report said that 87 percent of the surveyed Chinese companies plan to ramp up AI investment in 2025 — a year of rapid change — while 58 percent of the interviewed business executives in China feel that their enterprises' AI …

Chinese companies willing to ramp up AI investment
1 month, 2 weeks ago

Chinese companies willing to ramp up AI investment

China Daily  

By Fan Feifei | China Daily | Updated: 2025-02-07 07:37 Artificial intelligence-aided robots sort products at a logistics center of a garment company in Huzhou, Zhejiang province, on Wednesday. NI LIFANG/FOR CHINA DAILY Chinese companies are accelerating the adoption of generative artificial intelligence, as the cutting-edge disruptive technology presents a significant opportunity for enterprises to boost operational efficiency, remain competitive …

Chinese companies willing to ramp up AI investment
1 month, 2 weeks ago

Chinese companies willing to ramp up AI investment

China Daily  

Artificial intelligence-aided robots sort products at a logistics center of a garment company in Huzhou, Zhejiang province, on Wednesday. NI LIFANG/FOR CHINA DAILY Chinese companies are accelerating the adoption of generative artificial intelligence, as the cutting-edge disruptive technology presents a significant opportunity for enterprises to boost operational efficiency, remain competitive and navigate the complex business landscape, according to a new …

India and U.S. lead Coursera enrolments for Gen AI courses
1 month, 3 weeks ago

India and U.S. lead Coursera enrolments for Gen AI courses

The Hindu  

The demand for generative AI training has grown significantly among learners and enterprises, according to Coursera data, highlighted in the Future of Jobs Report 2025. The survey reveals that among nine transformative technologies, AI and information processing technologies are expected to have the most significant impact on businesses by 2030, with 86% of employers identifying them as likely to drive …

Will robots take over your job? Economic Survey 2025 sheds light on AI anxieties
1 month, 3 weeks ago

Will robots take over your job? Economic Survey 2025 sheds light on AI anxieties

India Today  

The advent of generative artificial intelligence and the meteoric advancement in large language models have been the defining technological breakthroughs of our times. The Economic Survey 2025 revealed that the number of AI patents granted globally increased 62.7 per cent between 2021 and 2022. POTENTIAL JOB LOSS “Anxieties about the effects of AI remain high in India as well, considering …

Artificial intelligence is coming for your job: 41% companies worldwide plan to cut workforce, automate with AI
2 months, 2 weeks ago

Artificial intelligence is coming for your job: 41% companies worldwide plan to cut workforce, automate with AI

Live Mint  

Artificial Intelligence may lead to a massive fall in the headcounts of global companies in coming years, a recent report has said. According to the World Economic Forum's Future of Jobs Report, as many as 41% of employees want to reduce their workforce due to AI automation. The report projects a significant increase in demand for care jobs, such as …

Survey: 41% of companies worldwide plan to downsize and use AI
2 months, 2 weeks ago

Survey: 41% of companies worldwide plan to downsize and use AI

Salon  

Artificial intelligence is expected to replace more positions over the next five years, a new survey says, as 41% of employers worldwide plan to downsize and automate certain tasks. In its latest report, released Wednesday, 77% said they were planning to reskill and upskill their existing workers between 2025 and 2030 to work alongside AI, CNN reported. Nearly 70% of …

AI will ‘impact on jobs’ but will also ‘give us longer and healthier lives’, claims senior tech figure
2 months, 2 weeks ago

AI will ‘impact on jobs’ but will also ‘give us longer and healthier lives’, claims senior tech figure

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. I think people have a fundamental need to be …

ChatGPT could replace telemarketers, teachers and traders
2 months, 2 weeks ago

ChatGPT could replace telemarketers, teachers and traders

Live Mint  

AFTER DECADES of blue-collar jobs being snatched up by machines, advanced chatbots are now breathing down white collars. Humans and AI separately rated how well software powered by large language models, which are trained on vast chunks of the internet and then fine-tuned to specific functions, could undertake 19,000 tasks involved in the jobs. For other tasks the annotators imagined …

41% of companies worldwide plan to reduce workforces by 2030 due to AI
2 months, 2 weeks ago

41% of companies worldwide plan to reduce workforces by 2030 due to AI

CNN  

London CNN — Artificial intelligence is coming for your job: 41% of employers intend to downsize their workforce as AI automates certain tasks, a World Economic Forum survey showed Wednesday. Out of hundreds of large companies surveyed around the world, 77% also said they were planning to reskill and upskill their existing workers between 2025-2030 to better work alongside AI, …

Will AI steal your job in 2025? ChatGPT CEO Sam Altman makes a significant statement
2 months, 2 weeks ago

Will AI steal your job in 2025? ChatGPT CEO Sam Altman makes a significant statement

India TV News  

Since the introduction of ChatGPT, the landscape of artificial intelligence has undergone a remarkable transformation. In a recent blog post, Sam Altman, the CEO of the company behind ChatGPT, made some significant points about generative AI that could have far-reaching implications for the global economy. The future of the industry with AI Sam Altman asserted in his blog that by …

Tech trends: What to expect in 2025
2 months, 3 weeks ago

Tech trends: What to expect in 2025

Hindustan Times  

Technology can sometimes feel like magic—especially for those who aren’t neck-deep in gizmos and gadgets. For now, specifics on the Health Stack remain sparse, with members of the founding team simply saying it’s “chugging along well.” Some early hiccups are to be expected, but 2025 is shaping up to be the moment when this visionary project could finally step into …

94 per cent of Indian desk workers feel the urgency to master AI
3 months ago

94 per cent of Indian desk workers feel the urgency to master AI

New Indian Express  

BENGALURU: Indian workers want to skill up on Artificial Intelligence as 94% feel an urgency to become AI expert. However, 40% of Indian workers have spent less than five hours learning how to use AI, and 30% of global workers say they have had no AI training at all, including no self-directed learning or experimentation, according to Slack's new Workforce …

AI is not “artificial” intelligence, it’s human intelligence
3 months ago

AI is not “artificial” intelligence, it’s human intelligence

The Independent  

Ingram Micro is a Business Reporter client Business Reporter: Ingram Micro Film 1 There is a certain amount of fear and anxiety about the emergence of AI and gen AI. Enterprises know they need to competitively embrace AI and its many benefits, including working to streamline operations, enhance productivity and drive revenue through intelligent automation and analysis at scale. Remember, …

AI/ML, cyber security skills in demand for top job roles
3 months, 2 weeks ago

AI/ML, cyber security skills in demand for top job roles

New Indian Express  

BENGALURU: With the increasing adoption of AI across organisational functions, AI/ML and analytics continue to dominate as the most in-demand job family. Indeed and Nasscom launched the fourth edition of their Future of Work report – Balancing Priorities in an AI-driven World, and the report said the top five in-demand job roles include Data Scientist/Analyst, AI/ML Expert, Cybersecurity Specialist, Cloud …

JPMorgan’s Jamie Dimon predicts AI reducing work weeks to 3.5 days, says ‘Tech has always replaced jobs, but…’
3 months, 3 weeks ago

JPMorgan’s Jamie Dimon predicts AI reducing work weeks to 3.5 days, says ‘Tech has always replaced jobs, but…’

Live Mint  

JPMorgan CEO Jamie Dimon believes artificial intelligence will enhance businesses and work-life balance, potentially reducing workweeks for employees to 3.5 days in the future, according to a Fortune report. Speaking to Bloomberg TV, Dimon said thousands at JP Morgan are already using AI adding that the technology is an evolving and “living breathing thing”. Op But Dimon sought to move …

SAP confident of new job creation by AI
4 months, 2 weeks ago

SAP confident of new job creation by AI

Live Mint  

German software-maker SAP SE is confident that artificial intelligence will create new jobs even as the rise of the new technology casts a shadow on jobs done by humans. The SAP board’s buoyant remarks on AI contrast with those of Google-parent Alphabet Inc’s chief executive Sundar Pichai, whose comments in the company’s post-earnings conference call with analysts put alarm bells …

Forget Replacing Humans, AI Helped Someone Apply For 2,843 Jobs Instantly. Here's How
5 months, 1 week ago

Forget Replacing Humans, AI Helped Someone Apply For 2,843 Jobs Instantly. Here's How

ABP News  

Ever since artificial intelligence and especially generative AI came under the spotlight, with the advent of OpenAI's ChatGPT in 2022, one of the hottest debate that seems to be on everyone's mind is: Will AI take away my job? As individuals and institutions have managed to wrap their heads around the seemingly new technology and its many benefits, people are …

Businesses using AI without telling customers or employees, survey reveals, as government moves on 'mandatory' AI rules
6 months, 2 weeks ago

Businesses using AI without telling customers or employees, survey reveals, as government moves on 'mandatory' AI rules

ABC  

A third of businesses using artificial intelligence are not informing their employees or customers that they are doing so, a survey of business leaders using AI has revealed. It comes as the federal government proposes "mandatory" rules for high-risk AI, including a possible AI Act and prohibitions on technologies deemed too risky. Those business leaders said their companies were using …

Economic Survey | AI casts “huge pall of uncertainty” over jobs
8 months ago

Economic Survey | AI casts “huge pall of uncertainty” over jobs

The Hindu  

The Economic Survey published on Monday warned against the potential challenge that artificial intelligence could present to the Indian economy saying the “advent of the tech casts a huge pall of uncertainty as to its impact on workers across all skill levels – low, semi and high.” The massive changes owing to widespread adoption of AI “will create barriers and …

China leads the world in adoption of generative AI, survey shows
8 months, 2 weeks ago

China leads the world in adoption of generative AI, survey shows

The Hindu  

China is leading the world in adopting generative AI, a new survey shows, the latest sign the country is making strides in the technology that gained global attention after U.S.-based OpenAI's ChatGPT launched in late 2022. In a survey of 1,600 decision-makers in industries worldwide by U.S. AI and analytics software company SAS and Coleman Parkes Research, 83% of Chinese …

More Than 90% Of Indian Offices Considering, Encouraging ChatGPT's Use, Reveals Study
8 months, 3 weeks ago

More Than 90% Of Indian Offices Considering, Encouraging ChatGPT's Use, Reveals Study

ABP News  

Artificial intelligence is slowly taking over and its userbase is increasing exponentially as time passes. This study not only underscores the innovative spirit of Indian employees but also sets a benchmark for global workplaces on how generative AI can be effectively integrated into daily operations to complement human skills and enhance overall performance.” The Rise In Acceptance Of AI At …

AI seen as key to firms, job seekers
8 months, 3 weeks ago

AI seen as key to firms, job seekers

China Daily  

With huge potential and market growth in artificial intelligence application and development in China, both job seekers and employers alike should be ready to ride the tide, said a senior executive of US payroll and human capital management company ADP. Jessica Zhang Jessica Zhang, senior vice-president of ADP Asia-Pacific, said during the just-concluded 2024 Summer Davos in Dalian, Liaoning province: …

AI seen as key to firms, job seekers
8 months, 3 weeks ago

AI seen as key to firms, job seekers

China Daily  

With huge potential and market growth in artificial intelligence application and development in China, both job seekers and employers alike should be ready to ride the tide, said a senior executive of US payroll and human capital management company ADP. Jessica Zhang Jessica Zhang, senior vice-president of ADP Asia-Pacific, said during the just-concluded 2024 Summer Davos in Dalian, Liaoning province: …

AI seen as key to firms, job seekers
8 months, 3 weeks ago

AI seen as key to firms, job seekers

China Daily  

By ZHENG YIRAN | China Daily | Updated: 2024-07-02 10:00 With huge potential and market growth in artificial intelligence application and development in China, both job seekers and employers alike should be ready to ride the tide, said a senior executive of US payroll and human capital management company ADP. Jessica Zhang Jessica Zhang, senior vice-president of ADP Asia-Pacific, said …

More firms embracing generative AI tools
9 months, 3 weeks ago

More firms embracing generative AI tools

China Daily  

Visitors check out large language models during a high-tech expo in Shenzhen, Guangdong province, on May 23. About 85 percent of Chinese business leaders plan to increase investments in generative artificial intelligence in 2024, as AI and other disruptive technologies evolve to be more human-centric and drive greater capabilities for people to amplify their potential and reinvent commerce, according to …

Intel exec on bringing artificial intelligence into the workplace
10 months, 1 week ago

Intel exec on bringing artificial intelligence into the workplace

Associated Press  

NEW YORK — Artificial intelligence is just about everywhere you look these days — including the workplace. Christy Pambianchi, chief people officer at Intel, recently spoke with The Associated Press about how the semiconductor chip maker is expanding AI education programming beyond the company’s walls — as well as best practices around implementing AI in a workforce from an HR …

Burnout Is Pushing Workers to Use AI—Even if Their Boss Doesn’t Know
10 months, 2 weeks ago

Burnout Is Pushing Workers to Use AI—Even if Their Boss Doesn’t Know

Wired  

White-collar workers are so overwhelmed with emails, web chats, and meetings that they are using AI tools to get their jobs done—even if their companies haven’t trained them to do so, according to a work trend index published Wednesday by Microsoft and LinkedIn. Seventy-five percent of people in desk jobs are already using AI at work, and the amount of …

BCG study shows 70% users excited about GenAI at work, but 43% positive about its impact on daily life
10 months, 3 weeks ago

BCG study shows 70% users excited about GenAI at work, but 43% positive about its impact on daily life

The Hindu  

A study published on April 29 by the Boston Consulting Group titled ‘Consumers Know More About AI than Business Leaders Think,’ has shared that consumer understanding and enthusiasm around artificial intelligence is higher than expected. Based on a survey conducted across 21 countries and 21,000 respondents, the research also answered questions around the usage of AI in the workplace. “While …

AI-ChatGPT Replace Entry-Level Coding Jobs, Campus Placements Hit At Top Tech Colleges
10 months, 3 weeks ago

AI-ChatGPT Replace Entry-Level Coding Jobs, Campus Placements Hit At Top Tech Colleges

News 18  

The effects of automation on jobs has come to be most visible in the 2023-24 campus placements season across engineering colleges including the top-ranking Indian Institutes of Technology and even some of the top tech colleges in the private sector with recruitment being slashed for pure software roles and manufacturing firms instead leading the hiring process across many campuses. According …

Up to eight million UK jobs at risk from AI, report says
11 months, 3 weeks ago

Up to eight million UK jobs at risk from AI, report says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy As many as eight million …

Research shows disconnect in AI-related hirings made by enterprises
11 months, 3 weeks ago

Research shows disconnect in AI-related hirings made by enterprises

The Hindu  

A report released by data analytics provider Alteryx has stated that even though business leaders and recruiters are preparing for an AI-infused future, there’s still a disconnect during the hiring process. Titled ‘Defining the Enterprise of the Future,’ the research shared that even though most of the survey respondents recognised creativity as the most important human skill followed by critical …

AI a job killer? In California it’s complicated
1 year ago

AI a job killer? In California it’s complicated

LA Times  

For the thousands of tech workers recently laid off in California and across the country, the future may not be as bleak as it looks right now: Many are likely to retrain fairly quickly for new jobs in the burgeoning field of artificial intelligence. “What we’re seeing is a lot of tech companies are actually monetizing the AI solution,” said …

Rise of artificial intelligence could cut wages of workers who don't 'upskill' as AI job ads surge
1 year ago

Rise of artificial intelligence could cut wages of workers who don't 'upskill' as AI job ads surge

ABC  

Is artificial intelligence going to take over your job? She believes AI will help most employees as they'll focus less on the mundane tasks — and more on the work that's genuinely interesting or requires a "higher cognitive load". Highly skilled jobs in advanced economies are more likely to face "disruptions" from AI, according to research from the International Monetary …

Some workers turning AI challenge into advantage
1 year, 1 month ago

Some workers turning AI challenge into advantage

China Daily  

The recently released artificial intelligence model Sora, created by research organization OpenAI, has caused a sensation in the tech sector with its ability to generate videos of up to a minute in length based on brief text instructions. Some industry insiders said that Sora will bring revolutionary changes to content creation as well as the entertainment and education industries, while …

AI created more jobs in web design, data science, digital marketing and more: IBM India
1 year, 1 month ago

AI created more jobs in web design, data science, digital marketing and more: IBM India

India TV News  

As generative artificial intelligence begins to threaten certain jobs, it was stated that AI will create more job options than it destroys. For example, take the Internet, when the Internet came right, and you had web publishing and all things that were web-enabled, it led to job decline in certain sectors like newspaper printing." However, he added that it also …

AI Is Starting to Threaten White-Collar Jobs. Few Industries Are Immune.
1 year, 1 month ago

AI Is Starting to Threaten White-Collar Jobs. Few Industries Are Immune.

Live Mint  

Decades after automation began taking and transforming manufacturing jobs, artificial intelligence is coming for the higher-ups in the corporate office. The firm estimates the full tally of AI-related job cuts is likely higher, since many companies haven’t explicitly linked cuts to AI adoption in layoff announcements. View Full Image Graphic: WSJ Nearly two-thirds of those white-collar workers said their productivity …

Govt admits AI can lead to job losses in India
1 year, 1 month ago

Govt admits AI can lead to job losses in India

New Indian Express  

Moving away from its earlier stance that AI is ‘not leading to job losses’, Government of India seems to be coming round to the realization that AI may end up taking jobs away from some people. “AI may result in automating some routine jobs but will also result in job creation in various data science, data curation etc,” said Electronics …

Use of generative AI by enterprises on the rise: Netskope
1 year, 2 months ago

Use of generative AI by enterprises on the rise: Netskope

Deccan Chronicle  

Hyderabad: Reflecting the rise of artificial intelligence at workplaces, a survey report said more than 10% of enterprise employees access at least one generative artificial intelligence application every month, compared to just 2% a year ago. “With growing AI app usage, employees are more likely to expose sensitive data like credentials, personal information, or intellectual property,” said Ray Canzanese, threat …

AI to diversity: What to expect at the workplace this year
1 year, 2 months ago

AI to diversity: What to expect at the workplace this year

Live Mint  

The year 2023 saw several changes to the workplace. Trends like “Bare Minimum Mondays” and “Coffee Badging”, screamed that employees want greater autonomy and flexibility at work, highlighting an increased focus on work-life balance. “The power of new-age tech will be leveraged across HR for analysing and anticipating hot-spots or pain-points of employees, helping managers make informed decisions around growth …

The seven biggest work trends of 2023
1 year, 3 months ago

The seven biggest work trends of 2023

BBC  

The seven biggest work trends of 2023 Alamy Strikes swept the globe in industries including automotive, transport, healthcare and more AI, return-to-office, the summer of strikes and more: both labourers and employers found themselves working through a rollercoaster of changes this year. One of the most ubiquitous worries – even existential concerns – among workers was whether AI would come …

Column: This was the year of AI. Next year is when you should worry about your job
1 year, 3 months ago

Column: This was the year of AI. Next year is when you should worry about your job

LA Times  

The biggest story in tech this year was, without a doubt, the explosive ascent of AI. See, we’re nearing the end of the Year of Generative AI, and few of the companies working in the space have pieced together a promising way to turn the hype into profits. In October, the Wall Street Journal ran a report headlined “Big Tech …

Is your job at risk from AI? Use our tool to find out
1 year, 3 months ago

Is your job at risk from AI? Use our tool to find out

The Telegraph  

Are you at risk of being replaced by artificial intelligence? The rise of advanced AI tools such as ChatGPT and Stable Diffusion, which generates images based on text prompts, has sparked fears that millions of jobs could be replaced by the technology. The report also found that workers in London and the South East were the most vulnerable, with those …

Can AI help employees strike a better work-life balance?
1 year, 4 months ago

Can AI help employees strike a better work-life balance?

Live Mint  

The increasing reliance of companies on generative artificial intelligence tools like OpenAI’s ChatGPT is the cause of sleepless nights for several employees, as revealed by PwC’s annual global workforce survey in June 2023. “This has not only saved us time but also freed up our highly skilled employees to dedicate their energy to more creative and strategic aspects of the …

The employees secretly using AI at work
1 year, 5 months ago

The employees secretly using AI at work

BBC  

The employees secretly using AI at work Woman with green glasses Since OpenAI launched ChatGPT in November 2022, companies have scrambled to keep its workplace use under control. "These are practical tools that make life easier, such as content aggregation – rather than look through several sources to find an obscure organisational policy, ChatGPT can provide a useful first draft …

Today’s Cache | AI prompt engineers on the rise; Government agencies target rivals with spyware; Microsoft CEO slams Google’s dominance
1 year, 5 months ago

Today’s Cache | AI prompt engineers on the rise; Government agencies target rivals with spyware; Microsoft CEO slams Google’s dominance

The Hindu  

AI prompt engineers on the rise The generative AI boom of 2023 has opened up a new job avenue which is still finding its identity: the post of an AI prompt engineer. Areas where AI prompt engineers are required include customer service and engagement, content creation, drug discovery, autonomous vehicles, quality control and financial analysis. Government agencies target rivals with …

Discover Related