IBM Stops Hiring for 7,800 Positions That Could Be Replaced by AI
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
IBM Stops Hiring for 7,800 Positions That Could Be Replaced by AI
IBM Stops Hiring for 7,800 Positions , That Could Be Replaced by AI.
Insider reports that IBM CEO Arvind Krishna
revealed the company's intentions to 'Bloomberg.'
.
I could easily see 30% of that
getting replaced by AI and
automation over a five-year period, Arvind Krishna, IBM CEO, to 'Bloomberg'.
The cuts would mostly affect
"non-customer facing roles," Insider reports.
According to an IBM spokesperson, people who are currently in such roles won't be let go, but positions that are voluntarily vacated won't be filled.
A spokesperson for IBM issued a statement.
There is no blanket hiring 'pause' in place.
IBM is being deliberate and thoughtful in our hiring with a focus on revenue-generating roles, and we're being very selective when filling jobs that don't directly touch our clients or technology.
We are actively hiring for thousands of positions right now, IBM spokesperson, to Insider.
Meanwhile, IBM announced earlier this year that
it would be laying off 1.5% of its employees.
As AI capabilities, such as those of ChatGPT, have rapidly improved, labor market jobs will likely become increasingly impacted.
.
According to Insider, "tech, media and legal industries" are some of the sectors to presumably be most affected.
Oil Prices Soar After, Saudi Arabia and Russia , Agree to Prolong Production Cuts.
On September 5, oil prices soared over
1.3% to reach their highest levels in 10 months. .
On September 5, oil prices soared over
1.3% to reach their highest levels in 10 months. .
Insider reports that Brent crude,
an international benchmark, broke $90 a barrel
for the first time since November of 2022.
West Texas Intermediate crude oil also reached
a 10-month high, trading at around $87 a barrel. .
The price jump came after Saudi Press Agency
announced that Saudi Arabia and Russia agreed
to prolong production cuts until December.
The price jump came after Saudi Press Agency
announced that Saudi Arabia and Russia agreed
to prolong production cuts until December.
Insider reports that the move was more aggressive
than traders had expected, holding output
at roughly 9 million barrels a day, the lowest in years. .
This voluntary cut decision
will be reviewed monthly to
consider deepening the cut
or increasing production, Saudi Press Agency statement, via 'Bloomberg'.
Supply cuts were first introduced in July, and
experts had predicted one additional month of cuts,
not the three that were announced on September 5.
With the production cut extended,
we anticipate a market deficit of
more than 1.5 million bpd in 4Q23, UBS strategist, note to clients, via CNBC.
So, with oil inventories set to fall
further over the coming months,
we expect Brent to rise to
$95/bbl (barrel) by year-end, UBS strategist, note to clients, via CNBC.
Brent futures have climbed more
than 25% since the end of June
when Riyadh made its first voluntary cuts
Credit: Wibbitz Top Stories Duration: 01:31Published
A ChatGPT-style tool designed to assist cybercriminals will let hackers develop sophisticated attacks on a significantly larger scale, researchers have warned. Sky News
Google to Require Politicians , to Disclose AI Use in Election Ads.
Beginning in November, all political advertisements on Google that use artificial intelligence and synthetic content must inform the viewer that such tools have been utilized. .
The new rule also applies to
YouTube ads, Politico reports. .
Verified advertisers must prominently reveal whether
their ads consist of "synthetic content that inauthentically
depicts real or realistic-looking people or events.".
Verified advertisers must prominently reveal whether
their ads consist of "synthetic content that inauthentically
depicts real or realistic-looking people or events.".
Political ads that don't comply will be
blocked from running and removed.
The AI disclosure requirement is the first of its kind for a tech company, Politico reports. .
However, if AI was only using for editing, such as resizing or cropping, disclosure is not required.
Politicians have already been using AI to their advantage approaching the 2024 election cycle.
For example, over the summer, a PAC supporting
Ron DeSantis' White House bid generated an AI version of Donald Trump's voice and posted the video to YouTube. .
For example, over the summer, a PAC supporting
Ron DeSantis' White House bid generated an AI version of Donald Trump's voice and posted the video to YouTube. .
The Federal Election Commission does not yet have rules in place regarding AI use in political ads. .
However, in August the commission agreed to seek public comments "on amending regulation to include deliberately deceptive Artificial Intelligence in campaign ads."
Credit: Wibbitz Top Stories Duration: 01:31Published
Adam Driver Criticizes Netflix and Amazon , Amid Ongoing Hollywood Strike.
Driver, who stars in 'Ferrari,' made his
comments during a press conference at the
Venice Film Festival on Aug. 30, CNN reports. .
Why is it that a smaller distribution company like Neon and STX International (distributors for 'Ferrari') can meet the dream demands of what SAG is asking for – this is pre-negotiations – the dream version of SAG’s wish list, but a
big company like Netflix and Amazon can’t, Adam Driver, via statement.
Driver is one of the few actors attending the film festival under "interim agreement waivers with SAG-AFTRA for independent projects," CNN reports. .
Otherwise, guild members are prohibited from promoting projects that are affiliated with the Alliance of Motion Picture and Television Producers (AMPTP), per strike guidelines. .
Every time people from SAG go and support a movie that has agreed to these terms – the interim agreement – it just makes it more obvious that these people are willing to support the people that they collaborate
with, and the others are not, Adam Driver, via statement.
I’m very happy to be here to support this movie. I'm very proud to be here to be a visual representation of a movie that’s not part of the AMPTP and to promote the SAG leadership directive, which is an effective tactic –
which is the interim agreement, Adam Driver, via statement.
SAG-AFTRA went on strike in July.
The Writers Guild of America went on strike in May.
Both groups are seeking to
negotiate better pay and protection from
AI's encroachment into their industry.
Credit: Wibbitz Top Stories Duration: 01:31Published
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