Insights from BSI’s Future Learning Podcast
In the evolving AI landscape, this episode of BSI’s Future Learning series examines Generative AI's impact on our lives, especially work. Featuring guests Greg Shove, CEO of Section, and Tony Surtees, Australian digital entrepreneur. They join BSI’s CEO, Simon Dewar, to discuss AI's history, trends, and future implications in the workplace.
The Rise and Evolution of Generative AI
AI has progressed significantly over the past decade, transitioning from basic machine learning applications to today’s advanced generative AI technologies. Greg Shove highlights a key moment: Google’s ‘Transformer paper’ that enabled AI to understand context. This groundbreaking innovation paved the way for more sophisticated systems. It moved beyond the limitations of early voice-activated assistants like Siri and Alexa.
Investments have significantly boosted the development of generative AI, which creates human-like text and images. Nvidia's silicon chip technology has driven this advancement. Greg Shove predicts new AI models will surpass human benchmarks in math, learning, and reading comprehension within 6-12 months. This rapid advancement underscores the transformative potential of AI in multiple sectors.
Generative AI's Impact on the Workforce
The integration of AI into the workforce is poised to revolutionise how we work. According to McKinsey, up to 30% of hours worked could be automated by 2030, leading to significant occupational transitions and the need for widespread reskilling.
These changes necessitate a shift in the skills required for future jobs. Workers will need to adapt to new technologies and acquire skills that complement AI capabilities. As AI continues to evolve, it will create opportunities for more efficient and productive work environments, but it will also require a proactive approach to workforce development and education.
The Role of Big Tech and Start-Ups
Due to the significant costs and resources required, the development and deployment of advanced AI technologies are dominated by a few major players. Companies like OpenAI, Microsoft, and Google are at the forefront, investing billions of dollars in creating and training new AI models. This has led to a concentration of AI capabilities within big tech companies, with only a few start-ups able to compete at the foundational level.
Conclusion: Generative AI
The future of AI holds great opportunities for transforming the way we work and live. As AI technologies continue to advance, they will drive significant changes in the workforce, necessitating new skills and approaches to work. The insights from Greg Shove highlights the importance of understanding AI's evolution, preparing for its impact, and embracing the opportunities it presents.
For businesses and individuals alike, staying ahead in the AI era requires a proactive approach to learning and adaptation. By recognising AI's potential and investing in necessary skills, we can navigate the future of work with confidence. This will help us harness AI's power to enhance our professional and personal lives.
The integration of AI into various aspects of our lives requires a comprehensive understanding of its potential and challenges. For individuals and organisations, staying informed about AI advancements and their implications is essential.
BSI and Section offer leading edge training in AI, taught by leading experts from OpenAI, Apple and more.
Book your place in BSI’s AI training at bsidigital.com.au/ai to stay ahead in the AI revolution.
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