Financial Analysts, Lawyers, and Consultants Can See Their Future
July 17, 2023
It is the middle of July 2023, and I think it is time for financial analysts, lawyers, and consultants to spruce up their résumés. Why would a dinobaby make such a suggestion to millions of the beloved Millennials, GenXers, the adorable GenY folk, and the vibrant GenZ lovers of TikTok, BMWs, and neutral colors?
I read three stories helpfully displayed by my trusty news reader. Let’s take a quick look at each and offer a handful of observations.
The first article is “This CEO Replaced 90% of Support Staff with an AI Chatbot.” The write up reports:
The chief executive of an Indian startup laid off 90% of his support staff after the firm built a chatbot powered by artificial intelligence that he says can handle customer queries much faster than his employees.
Yep, better, faster, and cheaper. Pick all three which is exactly what some senior managers will do. AI is now disrupting. But what about “higher skill” jobs than talking on the phone and looking up information for a clueless caller?
The second article is newsy or is it newsie? “Open AI and Associated Press Announce Partnership to Train AI on New Articles” reports:
[The deal] will see OpenAI licensing text content from the AP archives that will be used for training large language models (LLMs). In exchange, the AP will make use of OpenAI’s expertise and technology — though the media company clearly emphasized in a release that it is not using generative AI to help write actual news stories.
Will these stories become the property of the AP? Does Elon Musk have confidence in himself?
Young professionals learning that they are able to find their future elsewhere. In the MidJourney confection is a lawyer, a screenwriter, and a consultant at a blue chip outfit selling MBAs at five times the cost of their final year at university.
I think that the move puts Google in a bit of a spot if it processes AP content and a legal eagle can find that content in a Bard output. More significantly, hasta la vista reporters. Now the elimination of hard working, professional journalists will not happen immediately. However, from my vantage point in rural Kentucky, I hear the train a-rollin’ down the tracks. Whooo Whooo.
The third item is “Producers Allegedly Sought Rights to Replicate Extras Using AI, Forever, for Just $200.” The write up reports:
Hollywood’s top labor union for media professionals has alleged that studios want to pay extras around $200 for the rights to use their likenesses in AI – forever – for just $200.
Will the unions representing these skilled professionals refuse to cooperate? Does Elon Musk like Grimes’s music?
A certain blue chip consulting firm has made noises about betting $2 billion on smart software and Microsoft consulting. Oh, oh. Junior MBAs, it may not be too late to get an associate of arts degree in modern poetry so you can work as a prompt engineer. As a famous podcasting person says, “What say you?”
Several questions:
- Will trusted, reliable, research supporting real news organizations embrace smart software and say farewell to expensive humanoids?
- Will those making videos use computer generated entities?
- Will blue chip consulting firms find a way to boost partners’ bonuses standing on the digital shoulders of good enough software?
I sure hope you answered “no” to each of these questions. I have a nice two cruzeiro collectable from Brazil, circa 1952 to sell you. Make me an offer. Collectible currency is an alternative to writing prompts or becoming a tour guide in Astana. Oh, that’s in Kazakhstan.
Smart software is a cost reducer because humanoids [a] require salaries and health care, [b] take vacations, [c] create security vulnerabilities or are security vulnerabilities, and [d] require more than high school science club management methods related to sensitive issues.
Money and good enough will bring changes in news, Hollywood, and professional services.
Stephen E Arnold, July 17, 2023
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