Ways In Which AI Can Revolutionize The Workforce
In the July 1st edition of Financial Times, Isabel Berwick and Mischa Frankl-Duval outlined five ways in which generative AI can help revolutionize the workforce in their podcast. The IBM (International Business Machines Corporation) Research Center - the largest industrial research organization in the world - defines generative AI as a type of deep-learning model capable of generating high-quality text, images, audio, videos, or codes. The authors state that one of the ethical concerns with using AI for hiring purposes is potential hiring biases. Humans make discriminatory hiring decisions based on race, gender, and other factors. However, there is evidence that AI can positively affect the recruitment process. Chano Fernandez, the co-chief executive of the AI platform - Eightfold - states that AI platforms like this can help individuals seeking employment in two ways. First, the platform will highlight vacant job opportunities relevant to the individual's interests. Second, it w...