According to JP Morgan CEO Jamie Dimon, he’s optimistic concerning the prospect of artificial intelligence improving the work-life balance of American staff in the longer term comments he made while appearing on the show .

As reported , Dimon appears to have acknowledged that artificial intelligence will replace jobs for some Americans, and has made the ambitious claim that because of progress, humans could soon live beyond 100 years of age.

“People must take a deep breath. Technology has at all times replaced jobs. “Your children will live to be 100 and thanks to technology they won’t get cancer and they will literally probably work three and a half days a week,” Dimon said.

Dimon’s forecasts are ambitious because On average, Americans work about 37 hours every weekso principally still America’s pioneering standard 40-hour, five-day work week within the Nineteen Twenties by Ford Motor Co.

While JPMorgan Chase did create a five-year, $350 million reskilling initiative in 2019 to help prepare staff for a work economy more depending on AI and technology, company employeesper , it’s 44% white, 21% Latino, 19% Asian and 14% Black.

According to a 2022 CDC evaluation, yes It isn’t easy to predict how radical changes within the workforce will likely be as a consequence of technological advances because there are too many variables to say with any certainty which jobs and sectors will likely be affected and how.

In April, MIT economist David Autor was the lead writer of a study that found that since a minimum of 1980 technological advances haven’t created more jobs than they’ve eliminatedbut with the caveat that some types of work have only been transformed, not completely eliminated.

As the Author said: “Artificial intelligence is basically different. It can replace some high-skilled specialist knowledge, but can complement decision-making tasks. I feel we live in an era where we now have this recent tool and we do not know what it’s good for. New technologies have strengths and weaknesses, and recognizing them takes time. GPS was invented for military purposes and it took a long time before it appeared on smartphones.

The writer continued: “The missing link has been documenting and quantifying the extent to which technology improves the quality of human work. All previous measures simply showed automation and its impact on the movement of workers. We were amazed that we could identify, classify, and quantify gain. That in itself is quite fundamental to me.”

According to the writer, streamlining means a fundamental restructuring of the best way work is performed, while automation essentially replaces the worker.

“You can think of automation as a machine that takes input from work and does it for the employee,” Autor explained. “We see enhancement as technology that increases the variety of things people can do, the quality of what they can do, or their productivity.”

Marc Morial, president of the National Urban League, he warned in a 2019 article that automation poses a transparent threat to black Americans’ job prospects.

Morial referred to a McKinsey and Company report titled “The future of work in black America”, which painted a bleak picture, especially for Black men. “African Americans are overrepresented in jobs most likely to be lost, such as food service, retail, office support and factory work,” Morial wrote.

Morial continued: “African Americans are also underrepresented in jobs where the risk of AI loss is lowest. These include educators, health care workers, lawyers and agricultural workers.”

According to the McKinsey report, along with improving the outlook for areas where black people work and live, “the public and private sectors will need to implement targeted programs to increase awareness of the risks of automation among African-American workers. Additionally, both sectors will need to provide African Americans with opportunities to pursue higher education and the ability to move into higher-paying roles and occupations.”

India based audio platform Pocket FM has over 200,000 hours of content on the web site. However, the corporate’s CEO Rohan Nayak believes that the platform still has room to grow when it comes to creating original content and expanding its library to include multiple genres and sub-genres. The fastest way to achieve that is to use artificial intelligence tools that may help produce audio, write strategies, and tailor these stories to different geographies.

“I still believe that our content catalog is not sufficient for our users. There are so many genres and subgenres that we don’t have in our library. I don’t think we have the depth of content that would fall under the adult entertainment category,” Nayak told TechCrunch over the phone.

The company has already established an excellent partnership with ElevenLabs to transform texts into audio series. This resulted in 5x faster production and 30x lower cost compared to professionally generated audio series.

“We have already tested how these AI adaptations perform in various markets and have seen encouraging results. We are still refining our models for errors, but we believe the technology is good enough to be used in program production,” Nayak said.

One of the AI ​​tools Pocket FM is trying out allows stories to be adapted across regions. The company says it has trained internal models that do not do easy translation, but handle cultural nuances when transforming stories from one region to one other.

He added that the difficult task is to solve the models’ hallucinations within the context of stories spanning a whole lot of episodes. Pocket FM found that it had to address the restrictions of context windows of open source models, in addition to construct maps of the relationships between different entities within the story to maintain character consistency.

Another tool the corporate offers for writers is to test their work as a creative assistant, helping them create alternative stories or giving them plot ideas. The company also plans to use some insights from historical data within the tool to show authors what’s working on the platform.

Nayak mentioned that while the tool is in its early stages of development, the corporate wants to open up a author’s room to a solo author who might post an episode on a single day. He noted that a author’s room allows you to brainstorm without having to control your creativity, and that’s the predominant idea of ​​this writing assistant.

Additionally, the corporate is investing in creating a success engine that might be based on insights from the platform about which shows develop into hits.

Pocket FM’s ultimate goal is to scale its catalog, on condition that it produces some content itself and produces programming through its network of writers. But to scale and gain popularity, it needs to create hit shows.

“Blockbusters power every content platform. While we have a good start to the funnel with user-generated content, blockbusters are still hard to come by.”

Pocket FM achieved encouraging results thanks to the implementation of artificial intelligence. It has over 40,000 series on the platform with the help of artificial intelligence in voice creation. What’s more, the corporate generated $3 million in revenue from them. Overall, the platform earned $127 million in fiscal yr 2024.

The company’s most difficult challenge is finding the appropriate balance between AI helping creators and creating content quickly. There is at all times a risk that individuals will use AI to speed up content production and degrade quality. As a result, the platform becomes stuffed with mediocre content and it becomes difficult for the algorithms to distinguish good programs.

Puneet Sharma, a author and lyricist based in India, identified that in a world where a lot work is formulaic, the onus might be on artists to prove the authenticity of their work.

Sharma added that AI tools can help writers generate ideas and learn different styles. However, because of this learning could also be lost through failure within the means of using these tools.

Nayak said some authors and creators are already using AI tools. The company’s idea is to provide tools together with the context of the story and a platform.

Pocket FM has raised $197 million in multiple rounds from backers including Lightspeed Ventures, Tencent and Times Internet. The company competes on multiple fronts with other players resembling Audible, Omidyar Network-backed Pratilipi and Google-backed Kuku FM.