College Grads Are Lab Rats in the Great AI Experiment
Companies are eliminating the grunt work that used to train young professionals — and they don't seem to have a clear plan for what comes next.
AI is analyzing documents, writing briefing notes, creating Power Point presentations or handling customer service queries, and — surprise! — now the younger humans who normally do that work are struggling to find jobs. Recently, the chief executive officer of AI firm Anthropic predicted AI would wipe out half of all entry-level white-collar jobs. The reason is simple. Companies are often advised to treat ChatGPT 'like an intern,' and some are doing so at the expense of human interns.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
20 minutes ago
- Business Upturn
Aurionpro Solutions secures major $2.5 million deal with leading Sri Lankan bank
Aurionpro Solutions Limited, a global leader in digital banking solutions, has announced a significant multi-year contract win with one of Sri Lanka's largest and most prestigious banks, featured in The Banker's Top 1000 World Banks list. This marks Aurionpro's second major success in the Sri Lankan market within the past year, underscoring the company's expanding presence in South Asia. Under this strategic agreement, valued above US$ 2.5 million, Aurionpro will implement its advanced iCashpro cash management and transaction banking platform. The deployment integrates cutting-edge AI-driven enhancements powered by and specialized financial functionalities from Fintra. This comprehensive solution covers licensing, implementation, maintenance, and ongoing support—aligned with the bank's long-term digital transformation goals. iCashpro is a next-generation corporate banking platform designed to streamline transaction banking with a focus on delivering a superior and seamless client experience. The platform enhances cash visibility, accelerates time-to-market, and reduces operational costs, providing a full-spectrum solution for corporate banking needs across diverse customer segments. Sandeep Chiber, EVP – Head, APAC & MEA, at Aurionpro Solutions, said, 'This marks the seventh major competitive win in the transaction banking space in Asia over the past few quarters. Our rapid market penetration and emergence as a preferred partner in Asia are attributable to the strength of our nextgen iCashpro platform. Backed by advanced AI capabilities, we have engineered a future-ready transaction banking solution poised to redefine the corporate banking experience for the Bank's clientele. The strong demand and accelerated digitisation across the banking sector in the region further reinforces our commitment to delivering innovative, next-generation solutions. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Wall Street Journal
20 minutes ago
- Wall Street Journal
Heard on the Street Recap: Musk's xAI Debt Deal
U.S. hiring slowed mildly. The economy added 139,000 jobs in May, down from 147,000 in April, but above the 125,000 roles economists expected. The unemployment rate was steady at 4.2%.
Yahoo
27 minutes ago
- Yahoo
UK financial regulator partners with Nvidia in AI 'sandbox'
LONDON -Financial firms in Britain will be able to test artificial intelligence tools later this year in a regulatory "sandbox" launched on Monday by the country's financial watchdog, part of a broader government strategy to support innovation and economic growth. The Financial Conduct Authority (FCA) has partnered with U.S. chipmaker Nvidia to provide access to advanced computing power and bespoke AI software through what it calls a "Supercharged Sandbox." A sandbox refers to a controlled environment where companies can test new ideas such as products, services or technologies. The programme is intended to help firms in the early stages of exploring AI, offering access to technical expertise, better datasets and regulatory support, the FCA said. It is open to all financial services companies experimenting with AI. "This collaboration will help those that want to test AI ideas but who lack the capabilities to do so," Jessica Rusu, the FCA's chief data, information and intelligence officer, said. "We'll help firms harness AI to benefit our markets and consumers, while supporting economic growth." Finance minister Rachel Reeves has urged Britain's regulators to remove barriers to economic growth, describing it as an "absolute top priority" for the government. In April, she said she was pleased with how the FCA and the Prudential Regulation Authority, part of the Bank of England, were responding to her call to cut red tape. Nvidia said the initiative would allow firms to explore AI-powered innovations in a secure environment, using its accelerated computing platform. "AI is fundamentally reshaping the financial sector," said Jochen Papenbrock, EMEA head of financial technology at Nvidia, citing improvements in data analysis, automation and risk management. He added that the sandbox will provide firms with a "secure environment to explore AI innovations using Nvidia's full-stack accelerated computing platform, supporting industry-wide growth and efficiency." The testing is set to begin in October.
