ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Tech

‘Inevitable’ jobs will be more automated, says new AI adviser

Business 360 by Business 360
July 18, 2023
in Tech
0
‘Inevitable’ jobs will be more automated, says new AI adviser

Tech entrepreneur Ian Hogarth is five weeks into his role as chair of the government’s new AI taskforce .Protecting British jobs will be a challenge as artificial intelligence systems become more advanced, the new head of the government’s AI taskforce has told the BBC. Ian Hogarth said it was “inevitable” that more jobs would become increasingly automated.

The whole world will have to rethink the way in which people work, he added. “There will be winners or losers on a global basis in terms of where the jobs are as a result of AI,” he said.

This week BBC News is focusing on AI, how the technology affects our lives and what impacts it may have in the near future. There have already been reports of multiple job losses as a result of companies choosing to use AI tools instead of humans, with BT recently saying it will shed around 10,000 staff by the end of the decade as a result of the tech.

But others believe these developments will also usher in a lot of new human jobs that do not currently exist, just like the rise of the internet did. A report released earlier this year by Goldman Sachs pointed out that 60% of current jobs did not exist in 1940.

Mr Hogarth, a tech entrepreneur and AI investor, said the aim of the new taskforce was to help the government “to better understand the risks associated with these frontier AI systems” and to hold the companies accountable.

He said he was concerned about the potential for AI to cause harm – for example with a wrongful arrest if used in law enforcement, or generating malicious computer code that results in increased cybercrime.

He also said that expert warnings of AI’s potential to become an existential threat should not be dismissed, even though this divides opinion in the community itself.

But he was also cautious of not missing the benefits of these technologies. Notably in healthcare, AI tools are identifying new antibiotics, helping people with brain damage regain movement and being trained to spot early symptoms of diseases.

Mr Hogarth said he once built a tool that could identify breast cancer signs in scans. The group he will lead has been given an initial £100m to oversee AI safety research. He would not say how he intends to spend the money but that he thinks he will know if he has succeeded in the job if “the average person in the UK starts to feel a benefit from AI”.

Prime Minister Rishi Sunak has made AI a key priority, and wants the UK to become a global hub for the sector. Someone who knows him put it to me more bluntly: “He is obsessed with it.”

OpenAI, the firm behind the viral chatbot ChatGPT, has announced that its first international office will be located in London, and data firm Palantir has also said it will open headquarters in the city.

But the UK faces several challenges in positioning itself as a key player in this lucrative and fast-moving area of tech.  

Emma McClenaghan and her partner Matt run an AI start-up in Northern Ireland. They have built an AI tool called Wally which generates websites, and have ambitions to turn it into a more general digital assistant.

The company has won awards but they still struggle to access the specialised chips – called GPUs (graphics processing units) – they need to develop their product further.

“I think there is a lack of hardware access for start-ups, and a lack of expertise and lack of funding,” she said.Emma McClenaghan says the best outcome for her and Matt Eaton’s firm would be for it to get bought by a US tech giant

She said they waited five months for a grant to buy a single GPU – at a time when in the US Elon Musk was reported to have purchased 10,000.

“That’s the difference between us and them because it’s going to take us, you know, four to seven days to train a model and if he’s [able to] do it in minutes, then you know, we’re never going to catch up”.

In an email chat, Ms McClenaghan told me she thinks the best outcome for her firm, Gensys Engine, would be for it to get bought up by a US tech giant – something I hear a lot from UK start-ups. Re-nosing those ambitions to keep successful firms here in the UK and helping them to grow is another challenge. Source: BBC

Previous Post

 IMO Commences 129th Session, To Pick New Secretary-General

Next Post

China Growth Concerns Weigh on Asian Stocks, Prompting Market Declines

Business 360

Business 360

Next Post
U.S. Futures Slide on Amazon Outlook, Dollar Rises

China Growth Concerns Weigh on Asian Stocks, Prompting Market Declines

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
SEC Launches Comprehensive Technology Adoption Survey for Capital Market Operators

SEC Launches Comprehensive Technology Adoption Survey for Capital Market Operators

May 7, 2025
Gencos Urge President Tinubu to Expedite Meeting Over N4.7tn Power Sector Debt

Gencos Urge President Tinubu to Expedite Meeting Over N4.7tn Power Sector Debt

May 7, 2025
Nigeria’s Data Privacy Sector Generates $10 Million and 23,000 Jobs in Three Years

Nigeria’s Data Privacy Sector Generates $10 Million and 23,000 Jobs in Three Years

May 7, 2025
PETROAN Warns Against Blanket Ban on Imported Goods, Cites Economic Risks

PETROAN Warns Against Blanket Ban on Imported Goods, Cites Economic Risks

May 7, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

SEC Launches Comprehensive Technology Adoption Survey for Capital Market Operators

SEC Launches Comprehensive Technology Adoption Survey for Capital Market Operators

May 7, 2025
Gencos Urge President Tinubu to Expedite Meeting Over N4.7tn Power Sector Debt

Gencos Urge President Tinubu to Expedite Meeting Over N4.7tn Power Sector Debt

May 7, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!