Everyday AI Podcast – An AI and ChatGPT Podcast EP 293: How AI Can Create New Economic Opportunities in Your City
Jun 13, 2024
Xiaochen Zhang, Chief Responsible AI Officer and Executive Director of AI 2030, brings a wealth of expertise from prestigious organizations like AWS and the World Bank. In this conversation, Zhang discusses how AI can actually create new economic opportunities instead of just displacing jobs. He highlights innovative examples of AI deployment in urban settings, emphasizing the need for collaboration among business leaders and city planners to leverage AI for sustainable growth. The podcast also explores the role of AI in various industries, including finance and entertainment.
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Job Security in the AI Era
- Traditional job security is disappearing due to AI's impact across various roles.
- AI-driven job redesign and human-machine collaboration are the future of work.
The Double-Edged Sword of AI and Jobs
- The International Monetary Fund (IMF) predicts 80 million jobs lost and 90 million jobs gained due to AI by 2025.
- Cities must prepare for this shift and leverage AI to create new opportunities instead of suffering job losses.
Developing a Business AI Strategy
- Business leaders need a clear AI strategy, starting with human resources like a Chief AI Officer.
- Focus on redesigning business models around AI capabilities to maintain competitiveness.