AI won’t take your job, people will

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Machine intelligence, also known as artificial intelligence (AI) is going to have both an awesome and an unfortunate impact on our posterity. Let’s explore one possible way AI may impact the future of work, and how it may dramatically change how we train our workforce.

A brand manager needs an advertisement. So, the brand manager sends a brief to the senior art director (in-house or at an agency) and asks for something amazing to be created. On or before the deadline, the brand manager and the art director meet to review the work. The brand manager is presented with three approaches, and after a number of meetings, a number of revisions, and revelations, they agree on a final product.

This is a process that has repeated itself for more than a century, and AI is not going to stop it (today).

Continue reading… “AI won’t take your job, people will”

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Co-working spaces pose threat to commercial real estate market, Fed official says

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LaunchBio CEO Joan Siefert Rose leads a tour of life sciences co-working lab, BioLabs NC.

The growing popularity of co-working spaces like WeWork could pose a risk to the US economy in the next economic downturn, a Fed official warned on Friday.

Boston Federal Reserve Bank President Eric Rosengren, who has publicly dissented with the Fed’s recent interest rate cuts, said lower rates will boost risk in “unexpected places.”

“Evolving market models, along with low interest rates, are creating a new type of potential financial stability risk in commercial real estate,” he said at an event in New York City. “One such market model is the development of co-working spaces in many major urban office markets.”

Continue reading… “Co-working spaces pose threat to commercial real estate market, Fed official says”

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