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10% of U.S. workers highly exposed to AI

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The White House has shed light on the extent of artificial intelligence exposure in the American workforce, indicating that about 10% of workers are in roles with significant exposure to AI and lower performance standards.

This revelation, part of the Biden administration‘s Economic Report of the President, underscores the potential vulnerability of certain occupations to displacement due to AI-powered automation.

The report, prepared by the Council of Economic Advisers, highlights that a total of 20% of American workers are in occupations with a high level of exposure to AI. Among them, approximately half—equivalent to 10% of the U.S. workforce—are not only highly exposed to AI but also face relatively low performance requirements, making them more susceptible to displacement by automation driven by AI.

Economists behind the report suggest that AI adoption may further exacerbate income inequality by substituting employment in lower-wage jobs while complementing higher-wage occupations.

ChatGPT is changing the way employees work.

Wages and employment

However, they caution that such interpretations should be made cautiously, considering the interplay of supply-and-demand forces in determining patterns of wages and employment.

Furthermore, the report underscores that while AI may reshape job roles, it may not necessarily lead to their complete elimination.

For instance, despite advancements in AI technology, certain roles like school bus drivers are likely to persist, albeit with changes in responsibilities. Similarly, autopilot systems in airplanes have automated some tasks but have not replaced the need for human pilots.

The analysis also revealed slight differences in AI exposure between men and women in the workforce, with women slightly more exposed to AI but also facing higher performance requirements on average.

Overall, the report said that while AI may bring about changes in job tasks, most jobs remain a combination of tasks, only some of which can be automated. Hence, AI-led automation is more likely to transform job roles rather than eliminate them entirely.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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TikTok launches Instagram competitor ‘Notes’

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TikTok Notes has launched in Australia & Canada as a formidable competitor to Instagram, offering a unique platform for content creation, text and sharing.

“TikTok Notes is a lifestyle platform that offers informative photo-text content about people’s lives, where you can see individuals sharing their travel tips and daily recipes,” reads the official App Store description.

Take note

The app allows users to create content by combining short videos with text-based notes, closely resembling that of Meta’s Instagram.

Whether it’s sharing a quick tutorial, a personal anecdote, or a thought-provoking message, TikTok Notes is positioned to be a formidable social media platform.

Currently, the app is only available for download and “limited testing” in Australia and Canada.

As it gains momentum, the platform is poised to contest Instagram’s established reign in the social media landscape.

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Ramifications of a TikTok ban to impact Open Internet

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The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.

The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.

For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.

However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.

Read more – Big tech to handover misinformation data

Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.

Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.

Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.

Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.

China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.

A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.

 

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