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Will Your Job Vanish?
Welcome to the Neural Nest Newsletter
🤖 Today's AI Buffet:
😱 Will Your Job Vanish?
🛠️ Awesome AI Tools: Mind-blowing Innovations.
🎩 Prompt-ly Curious Corner: Daily dose of intriguing AI prompts
🤖 AI Shenanigans : Bots just wanna have fun!💡🎭
🚀 Buzz & Bytes: Hot gossip from the motherboard cafe 🗞️
😱 Will Your Job Vanish? Indeed’s Shocking Revelation on AI's Role!
🚨 Hold onto your desk chairs! Indeed just dropped a bombshell 💣 about how GenAI is reshaping the job scene, and it's making everyone sit up and take notice. 🚀 Will your skills still be in demand tomorrow? 🤔
Key Points:
Extensive Exposure: 🌐 66% of jobs, ranging from software engineering 💻 to truck driving 🚚, are either "highly" or "moderately" susceptible to GenAI’s influence.
The Three Exposure Levels: 📊
19.8% jobs are "highly exposed" with GenAI proficient in 80% or more of the skills required.
45.7% of jobs stand "moderately exposed" where GenAI can handle 50% to just under 80% of the tasks.
34.6% are at "low/minimal exposure," meaning GenAI is adept at less than half the skills necessary.
Sectors at Risk: 🚧 Software development feels the strongest tremor, with GenAI nailing a staggering 95% of the skills mentioned in job postings.
Safe Zones: 🛑 Driving jobs breathe a sigh of relief, with only 29% of their required skills under GenAI's proficiency.
Remote Work Link: 🌍 There’s a direct correlation. Jobs more suited for remote working environments 🏠 have a higher potential exposure to GenAI.
GenAI’s Limitations: 💡 While technically astute, GenAI lags in tasks requiring intuition, reasoning, or hands-on work.
Conclusion: GenAI is undeniably revolutionizing 🌀 how we perceive job roles and skills. While it’s not about outright replacements, the metamorphosis of how tasks are executed is in full swing. The future won’t just be about adapting to GenAI but reimagining roles, refining skills, and recognizing the new opportunities 🌱 it unfurls.
💡GenAI: Ignorance Isn't Bliss!
In my weekend chats about AI with friends 🗣️, I noticed two prevailing perspectives. Firstly, there's my group🙋♂️, fully immersed in the power of generative AI. We've firsthand experience of its immense potential and also recognize the impending job risks ⚠️. On the other hand, there's a faction still in the dark about GenAI's reach. A buddy of mine, an IT Manager (name withheld 😅), mistakenly thought it was called "Chat GTP”. Some are aware of its presence but haven’t ventured to explore, while others, despite using it, don't see its corporate adoption anytime soon. While I genuinely hope my concerns are misplaced 🤞, it's prudent to embrace and learn this technology now. After all, preparation today is our best bet against an uncertain tomorrow
Awesome AI tools 🛠️
Monday Basics
Chat GPT - ChatGPT is a powerful chatbot that can generate human-like text in response to a wide range of prompts and questions
Bard - Bard is a versatile AI tool that can help you with a wide range of tasks, from writing to learning to creating.
Midjourney - Midjourney is a powerful tool that can be used to create stunning and imaginative images
Prompt-ly Curious Corner🎩
In my newsletter, I cater to many Chartered Accountants, including my sister. If you're new to Generative AI, this edition features ChatGPT prompts tailored for accountants. Let me know if they're helpful or if you have any suggestions!
Scenario 1:
An accountant is preparing for end-of-quarter financials for a multinational corporation. They have data from three subsidiaries: one in the USA, one in the UK, and one in Japan. Each subsidiary has provided their revenue and expenses in their local currency. The accountant also has intercompany transactions to account for and needs to consolidate all these in USD, taking into account fluctuating exchange rates for each month of the quarter
I'm processing end-of-quarter financials for our multinational corporation. I have data from three subsidiaries: one in the USA, one in the UK, and one in Japan. Each subsidiary has provided their revenue and expenses in their local currency. I also have intercompany transactions to account for. I need to consolidate all these in USD, taking into account fluctuating exchange rates for each month of the quarter. Can you guide me through the steps and formulas I'd need in Excel?Scenario 2:
An accountant for a medium-sized company is working on end-of-year adjustments, which include adjusting for accrued expenses, unearned revenue, and depreciation. The company also has an inventory system, and the accountant needs to account for any inventory write-offs and calculate the cost of goods sold.
I'm finalizing our end-of-year financial statements and need assistance with some adjusting entries. I have a list of expenses that were incurred but not paid, revenue received in advance for services to be rendered next year, and assets that need to be depreciated. Additionally, I have to make adjustments for inventory discrepancies from our physical count. Can you guide me through the adjustments and formulas required in Excel?AI Shenanigans 🤖💡🎭
Midjourney Generated Delights: Tempted?
AI Chronicles: Byte-sized Buzz 🚀🗞️
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