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  • Why the five-day office week may disappear

      For many New Yorkers, commuting to the office remains a significant part of daily life. The average worker spends around 53 minutes travelling each way, but Mark Dixon, CEO of workspace giant IWG, believes this routine may look very different within the next 15 years. Research conducted by IWG in partnership with engineering consultancy Arup suggests that younger generations are already developing very different expectations about where and how they will work. According to the research, 80% of Gen Alpha—the oldest members of which are currently only 16 years old—expect flexible working to become the standard by 2040. Dixon argues that the attitudes of today’s teenagers could fundamentally reshape the workplace. He told Fortune that future generations may find it difficult to understand why people once spent hours travelling to an office simply “to sit down and use a computer.” In other words, the traditional office may eventually seem as outdated to younger workers as other workplace practices from previous generations seem today. The research also highlights how strongly Gen Alpha values shorter commutes. Only about one-quarter of those surveyed said they would be willing to accept a journey of more than 30 minutes to work. Most expect to work close to their homes or work remotely from home altogether. From Dixon’s perspective, the current push by some companies to bring employees back to the office is likely to be a temporary adjustment rather than a permanent reversal of the remote-work trend. Evidence from the National Bureau of Economic Research (NBER) points in a similar direction. Researchers analysed data involving approximately 8,000 American employees and found an interesting relationship between a CEO’s age and office attendance requirements. Younger CEOs tend to require fewer days of in-person work than their older counterparts. As younger executives increasingly move into leadership positions, the researchers suggest that the traditional five-day office week could gradually become obsolete. The NBER study also identified another important connection: leaders who are more supportive of remote work tend to be quicker to adopt new technologies and software-based management systems. This suggests that workplace flexibility may be connected to a broader willingness to embrace technological change. Dixon takes this argument even further. He believes companies that remain focused on physical presence while failing to embrace workplace flexibility and artificial intelligence could eventually struggle to compete. In a rapidly changing business environment, organizations may need to prioritize results, collaboration and technological innovation over simply measuring whether employees are physically sitting at their desks.   Brian O’Kelley, the founder of climate-tech company Scope3 and former CEO of AppNexus, which was sold to AT&T for $1.6 billion, shares a similar view. He argues that CEOs who impose strict office requirements may not be giving enough attention to preparing their organizations for an AI-driven future. Ultimately, the workplace of 2040 could look very different from today’s. As younger leaders enter positions of influence and technologies such as AI become increasingly integrated into everyday business, flexibility may become less of an employee benefit and more of a fundamental feature of how companies operate.

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    Google DeepMind exec admits AI extinction risk is “not zero

    Lila Ibrahim, Google DeepMind’s Chief AI Readiness Officer, will not put a number on the odds of AI wiping out humanity. She is not dismissing the possibility either. Speaking to Fortune, she said the risk is “not zero,” admitting that anything more specific would just be guesswork on her part. Ibrahim was among those who signed the Center for AI Safety’s 2023 statement, alongside co-founders of Anthropic and OpenAI. That statement argued AI extinction risk deserves the same global priority as nuclear war and pandemics. Three years on, she still believes staying silent on existential risk would be irresponsible. She feels this way especially now, given how far the technology has advanced since then. Some of her peers sound even more alarmed. Geoffrey Hinton, often called the “godfather of AI,” estimates a 10% to 20% chance of extinction within the next three decades. Anthropic’s Dario Amodei has gone further, putting the odds of things going “really, really badly” at around 25%. These warnings are not new either. Physicist Stephen Hawking, who used AI tools himself, raised similar concerns long before ChatGPT even existed. Ibrahim compares the situation to the pandemic, pointing out that the worst risks rarely arrive the way people expect. She noted that entire industries failed to properly weigh risk during earlier tech shifts, including the rise of the internet and social media. She is just as sceptical of the optimistic predictions floating around. Elon Musk recently told The Economist that money will stop mattering by 2036, imagining a future of cheap abundance and universal high income once robots take over most jobs. Jeff Bezos has predicted millions of people living in space by 2045. Sam Altman, meanwhile, envisions new job opportunities specifically for graduates working in space. Ibrahim isn’t convinced by either scenario, arguing that AI simply is not developing fast enough to make these predictions realistic anytime soon. Rather than debating far-off futures, Ibrahim says she is more focused on using AI to tackle problems happening right now. She pointed to climate change and industrial pollution as areas where the technology could make a real difference. She was also clear that AI’s benefits should not be limited to a handful of powerful companies. For her, that is just as important as managing the risks.

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