Paul Roetzer’s Post

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Founder & CEO @ Marketing AI Institute | Co-Host of The Artificial Intelligence Show Podcast

I’ve been thinking a lot about the impact of AI on knowledge workers and the economy recently, and I’m growing more concerned by the day. GPT-4, and other advanced generative AI tech, has accelerated the ability of AI to perform knowledge work (including strategic and creative work) in ways we’re still exploring and trying to comprehend. And now we’re seeing rapid advancements, such as AutoGPT, that are giving AI agents the ability to complete complex tasks and actions with minimal human intervention. AI may not replace workers directly in the near term, but if companies can 5 - 10x the productivity of each knowledge worker, we certainly don’t need as many employees as we have in marketing, sales, service, finance, HR, operations, etc. (at least in for-profit companies driven by efficiency and profits). With no clear path to government oversight or regulation, and no unified efforts by businesses or educational systems to address the impact on workforces and students, we are potentially looking at millions of jobs being impacted in the next 1-2 years. This is not meant to be alarmist. The reality is that we need a greater sense of urgency at all levels of business, higher education and government to understand and prepare for what’s coming. Jason Calacanis, investor and host of the All-In Podcast, shared his thoughts on Twitter today: “AI is going to nuke the bottom third of performers in jobs done on computers — even creative ones — in the next 24 months “White collar salaries are going to plummet to the average of the global work force & the speed at which the top performers can write prompts. “If you’re low to average at your job you need to get on these tools immediately, learn how to augment yourself, & invest massively in your ability to add new skills constantly “Companies are going to get dramatically smaller & more profitable, like Facebook, twitter, & others have demonstrated “Top performers are already leveraging these tools to increase the distance between themselves & low performers… it’s getting polarizing “40 & 50 year olds who have been coveted performers their whole careers who ignore these tools are going to be retired from the workforce “This isn’t about phone operators, farmers, or dishwashers — this is about knowledge workers “Your knowledge has been commoditized, you’re ability to be nimble and learn new skills is all that matters” I think Jason is right here. Although, it may happen faster than 24 months in some industries and professions. This is my biggest current fear around AI. Now is the time to take action in your company, and your own career. #ai #economy #business

Paul Roetzer

Founder & CEO @ Marketing AI Institute | Co-Host of The Artificial Intelligence Show Podcast

1y
Paul Roetzer

Founder & CEO @ Marketing AI Institute | Co-Host of The Artificial Intelligence Show Podcast

1y

I shared some additional thoughts here, including a link to a 32-minute conversation about it on the latest episode of The Marketing AI Show podcast. https://www.linkedin.com/posts/paulroetzer_how-ai-could-impact-millions-of-knowledge-activity-7054135420015570944-PP6t?utm_source=share&utm_medium=member_ios

Robert Rose

Fractional Marketing Leader For Tech & Media | Trusted Advisor To Global Brand Leaders | Marketing and Content Strategist, Speaker, Author, Board Member, | It's Your Story - I Help You Tell It Well

1y

Wow do I disagree with this. Not you Paul Roetzer per se - or the need to be better prepared and have nuanced and complex discussions about AI. But this Twitter thread is clickbait at best. I'll withhold my overall opinion of the "storyteller" here. I'm so tired of this new trope of "AI won't replace you, but someone using AI will".... It's a bullshit fear mongering bumper sticker. For space consideration, I'll just respond to one of these quotes... The idea that AI is going to "nuke the bottom third of performers in jobs done on computers in the next 24 months"... I mean... Really? I just saw research that there an estimated 64 million jobs in the professional sector... Another estimate that 40% of all jobs require the use of computers and medium level computer skills... So that's 26 million jobs... Are we really to believe that we'll nuke roughly 8 million jobs in the next two years here in the US? If so - we really will be living The Last Of Us and we should just get bitten by the zombies... Ongoing discussion is vital. I don't know where the tech will go but I do know that if we continue to take actions that are based on the certainty of fear - we will create the nightmare. I hate this fear shit...

Interesting perspective, Paul Roetzer, as always. Is it possible that like many bright, shiny new things, the talk around AI will eventually die down a bit as reality catches up with the hype?

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Paul Roetzer You are 100% right about this. I cried many actual tears over this in December and January. The only way I've been able to deal with the grief and anxiety has been to build a comprehensive upskilling program. So far, the results of my initial cohorts has been great and I'm super excited for the days ahead. Yet still, no matter how hard we try, people will eventually be left behind and It's heart wrenching to no end. Where can I find the original words from Jason?

John McTigue

B2B Marketing Strategy Advisor With Company, Agency, and Freelance Chops

1y

Good stuff, Paul. Thanks for sharing. Taken a bit further, AI-empowered freelancers and very small specialty agencies may dominate the marketing industry soon if they haven't already made that move. There will be a shakeout in work relationships that parallels other trends like WFH and the gig economy. You either get excited about it and lead the way, or you watch from the sidelines and lose your business.

David Stephenson, Ph.D.

Data and AI Advisor, Interim Leader, Strategist, Author, Trainer | Responsible AI | Lecturer Univ. Amsterdam | Arctic Adaptive

1y

Paul, In case you haven't yet seen this working paper by Upenn, OpenAI and OpenResearch on the topic, here is the link https://arxiv.org/abs/2303.10130

John Marshall

Finding Ways To Merge Technology and Real Business Relationships For Contractors, Investors & Realtors

1y

This is most definitely the biggest thing that will impact our working careers in the next 0-20 years. It doesn’t matter your stance , it is here. However, it does present a kind of crazy conundrum. I understand, in the immediate, it hurts families and humans which is obviously no good. On the other hand, say it does replace the need for most jobs, the way they are now, let’s just say. Isn’t that the idea ? Wouldn’t we all want a future where you could go do the things you really wanted to do and the things around you just worked? Can you imagine everyone working on being more human while the machines toiled away at whatever task? The advancements we would have as being better people, thinkers, more positivity , skills would actually go up. Think if someone could master a guitar because now they have the time, in a fraction of what it used to take ? A bunch of humans making music. Would we have more awesome music all the time? Take that principle and let people THINK a job out. So they can still work in that field but they just think it out , if they want . Not hinged on money. More people could do more things. If you actually want to do more human things. Now we can go travel and learn more, etc.

Marc Mekki

Middle East’s Leading Innovation & Design Thinking Expert. Very easy to work with, clients say. Building a culture of innovation, transformation & leadership within the GCC | Open to advisory roles 🇦🇪🇸🇦🇰🇼🇴🇲🇶🇦

1y

He's missing one crucial insight: many of the 40 and 50-somethings in the workforce lived through the ZX Spectrum, Commodore 64 era and MS-DOS prompts. 'We' are much more comfortable adapting to direct machine interfaces than most of the generations that came after. It's the younger and much older generations who either grew up in an analogue time or an era of polished and minimalist UX who are stumped by this. Yes, I only have anecdotal evidence, but I'm seeing a very clear trend. If you're a 40-50 year old luddite, you may - no, will - have a serious problem, but if you have been embracing the technological revolution for the last 30 years and are unafraid of interfacing with machines, this will be a golden age.

Clinton May

AI Mad Science and the Public Sector

1y

Dissenting opinion; ChatGPT-4 is just spicy autocomplete, and incapable of providing any knowledge or creative business value.

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