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Heng Ong Huat Pineapple has great news for u....AI coming to help Sinki Manyzers to work less and less, yet can demand higher pay
- Thread starter k1976
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SINGAPORE — Artificial Intelligence (AI) will be faster than previous technologies at replacing human tasks while enabling humans simultaneously, said Singapore's President Tharman Shanmugaratnam.
"There will not be dramatic change within three or four years, but I think in 10 to 15 years, this technological revolution is going to have a profound effect on the workforce," said Tharman during a fireside chat at the opening of the 2023 Singapore FinTech Festival.
"There will not be dramatic change within three or four years, but I think in 10 to 15 years, this technological revolution is going to have a profound effect on the workforce," said Tharman during a fireside chat at the opening of the 2023 Singapore FinTech Festival.
With the advent of large language model (LLM) powered chatbots, Tharman highlighted that machines are now going to "take on more human characteristics" and that there were very different "distributional consequences" compared to past technologies, which should be addressed.
"The earlier waves of technology – automation, in factories, logistics and the like – essentially replaced what was called routine and repetitive work. What's different about LLMs and AI is that it takes over cognitive tasks. It takes over tasks that are done by people with better education and, in fact, better incomes.
"It might upend the traditional hierarchy of jobs. What you regard as a better job – and a job that deserves better pay – might change in the years to come," said Tharman.
"The earlier waves of technology – automation, in factories, logistics and the like – essentially replaced what was called routine and repetitive work. What's different about LLMs and AI is that it takes over cognitive tasks. It takes over tasks that are done by people with better education and, in fact, better incomes.
"It might upend the traditional hierarchy of jobs. What you regard as a better job – and a job that deserves better pay – might change in the years to come," said Tharman.
As a result of the AI disruption to the traditional hierarchy of jobs, Tharman opined that the way we value IQ (intelligence quotient) over EQ (emotional quotient) might change.
"We'll want to give more value to the jobs that require EQ, the jobs that require teamwork, and the jobs that require collective imagination," said Tharman.
"We'll want to give more value to the jobs that require EQ, the jobs that require teamwork, and the jobs that require collective imagination," said Tharman.
Balancing AI
On how to balance the improvements and risks that AI brings to humanity, Tharman said that the first step is to "look out for the worst things that can happen and try to avoid them". Using the healthcare sector as an example, he said that matters of life and death should be left up to human decision-making despite the positive enabler role that AI brings to the sector.Similarly, matters of national security and personal financial savings should be left to human judgment, where ethical rules are still needed to ensure that the right advice is being provided.
Balancing AI
On how to balance the improvements and risks that AI brings to humanity, Tharman said that the first step is to "look out for the worst things that can happen and try to avoid them". Using the healthcare sector as an example, he said that matters of life and death should be left up to human decision-making despite the positive enabler role that AI brings to the sector.Similarly, matters of national security and personal financial savings should be left to human judgment, where ethical rules are still needed to ensure that the right advice is being provided.
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