Lost your job to an AI?
June 26, 2023So you lost your job to an AI. What now?
ChatGPTs opinion
This is what ChatGPT 4 thought you might want to know:
For individuals facing the risk of job displacement due to AI and automation, the situation may seem daunting. However, there are several steps they can take to prepare and adapt:
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Reskilling and Upskilling: Investing in one’s skills is a practical response to technological change. Individuals should consider both reskilling (learning entirely new skills) and upskilling (improving current skills). This can include getting training in areas that are in high demand or areas that are less susceptible to automation, such as roles requiring creative thinking, complex problem-solving, emotional intelligence, and people management.
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Embrace Lifelong Learning: Technology is evolving rapidly and the skills needed in the job market are continuously changing. Adopting a mindset of lifelong learning and staying abreast of industry trends will help individuals adapt to these changes.
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Leverage Transferable Skills: Many skills are transferable across jobs and industries. For example, critical thinking, communication, and leadership are valued in many professions. Understanding and leveraging these transferable skills can open up new job opportunities.
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Networking: Building a robust professional network can be incredibly beneficial. Networking can open up job opportunities that might not be publicly advertised and provide valuable advice and support.
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Seek Support: Governments, nonprofit organizations, and educational institutions often offer programs to support workers displaced by automation. These might include job placement services, career counseling, financial aid for training programs, and job transition support.
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Financial Planning: Individuals should also consider their financial security. This could involve setting aside an emergency fund, reducing unnecessary expenditures, and planning for potential periods of unemployment.
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Consider Entrepreneurship: Some individuals may see job displacement as an opportunity to start their own business. This can be a viable option for those with a strong network, industry experience, and a clear business idea.
While it’s impossible to predict exactly which jobs will be affected and when, these strategies can help individuals to be better prepared for a future where AI and automation play increasingly significant roles in the economy.
Claude suggests
Here are some potential ways to make money from AI in the next 3 years:
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Learn skills in high demand like machine learning, data science, and AI engineering. These skills are very valuable to companies adopting AI. You could work as a consultant or seek full-time roles.
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Start a business providing AI services like chatbots, predictive analytics, or computer vision to other companies. Offer custom solutions or create products around common needs.
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Invest in public companies at the forefront of certain AI applications like autonomous vehicles, AI chips, or AI software platforms. Their stock value may rise quickly if those technologies take off.
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Invest in AI startups, either directly or through venture capital funds focused on AI. Some successful startups will likely achieve large exits via IPO or acquisition.
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Create online courses or educational content around machine learning and data science skills. Many people want to learn these skills to take advantage of AI job opportunities.
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Trade financial assets like stocks or commodities using AI algorithms for market forecasting, sentiment analysis, etc. Requires deep knowledge of finance and AI.
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Invent new applications of AI technology and file patents around your ideas. The patents could become lucrative if the applications succeed commercially.
However, the AI landscape keeps evolving rapidly. Any long term AI business strategy needs flexibility, solid technical foundations, and thoughtful execution to adapt to new developments. A pragmatic, diversified approach is best.
A human opinion
Ask yourself if it is time for a revolution? Is society really working for you?