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$3,150,000,000 To Be Handed To Residents in US State Every Year – With Zero Strings Attached – If Historic Ballot Measure Passes: Report

,150,000,000 To Be Handed To Residents in US State Every Year – With Zero Strings Attached – If Historic Ballot Measure Passes: Report

A US state will hand a staggering $3.15 billion to residents per year if a historic guaranteed income program becomes law. A measure that would increase corporate taxes to hand cash directly to residents in Oregon is likely to make the November ballot, reports The Oregonian. The program would give every adult resident in the […]

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Michael Saylor hints at MicroStrategy’s upcoming Bitcoin purchase

$2,376,000 in Free Money Up for Grabs As US City Launches Universal Income Pilot Program

,376,000 in Free Money Up for Grabs As US City Launches Universal Income Pilot Program

A city on the West Coast is preparing to roll out a new guaranteed income pilot program. The Pomona Household Universal Grants (HUG) Pilot Program is a one-and-a-half-year project giving $2.376 million to selected parents near Los Angeles. The program will pick a total of 600 applicants that will be separated into two cohorts. For […]

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Michael Saylor hints at MicroStrategy’s upcoming Bitcoin purchase

Major US City Handing $32,000,000 To Residents As Guaranteed Income Program Reboots

Major US City Handing ,000,000 To Residents As Guaranteed Income Program Reboots

A major US city is preparing to relaunch a multimillion-dollar basic income program that will hand cash directly to residents. Mayor Brandon Johnson says he is allocating $32 million to reboot the Chicago Resilient Communities pilot, reports CBS News. The revived program seeks to hand out $500 per month for a period of one year […]

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$2,250,000 To Be Handed Out With No Restrictions As US City Launches Latest Guaranteed Income Experiment

,250,000 To Be Handed Out With No Restrictions As US City Launches Latest Guaranteed Income Experiment

After three years of planning, a US city is reportedly a few months away from kicking off a family-focused guaranteed income program. Pomona, California’s Flourishing Families is an 18-month, $2.25 million project that seeks to support young parents who are going through financial struggles, reports local news outlet the Daily Bulletin. First proposed in 2021, […]

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$1,800,000 Guaranteed Income Program Expands As Government Prepares To Hand Out Cash in Major US City 

,800,000 Guaranteed Income Program Expands As Government Prepares To Hand Out Cash in Major US City 

One of the largest guaranteed income programs in the US is preparing to hand out more cash. The Denver Basic Income Project (DBIP) is extending its $1.8 million pilot program for another six months to give as much as $1,000 to 660 participants selected for the expansion, reports the Colorado Newsline. The program initially picked […]

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$840,000 To Be Dished Out With No Strings Attached As US City’s Guaranteed Income Program Gets Green Light: Report

0,000 To Be Dished Out With No Strings Attached As US City’s Guaranteed Income Program Gets Green Light: Report

A new guaranteed basic income pilot is reportedly gearing up for launch, preparing to hand cash to hundreds of families living below the poverty line. The program aims to distribute monthly $500 checks for a year to 140 families in Evanston, Illinois, reports the local news outlet Evanston RoundTable. Applicants must have children 5 years […]

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$200,000,000 To Be Handed Out in US State With Zero Strings Attached – If New Guaranteed Income Proposal Passes

0,000,000 To Be Handed Out in US State With Zero Strings Attached – If New Guaranteed Income Proposal Passes

A US state is advancing a bill that would allocate $200,000,000 to give to residents with no strings attached. Representative Athena Hollins co-authored bill HF 2666, which seeks to create a guaranteed income program in Minnesota. The bill has already advanced through a House committee, reports Minnesota Public Radio. If the bill passes, $100 million […]

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$1,740,000 To Be Handed Out With No Strings Attached As New Guaranteed Income Pilot Approved in Major US City

,740,000 To Be Handed Out With No Strings Attached As New Guaranteed Income Pilot Approved in Major US City

A big city on the west coast just approved a pilot program that will give hundreds of dollars a month to a group of residents with no strings attached. The guaranteed income pilot will distribute $725 per month to about 200 families in Sacramento, California for a year. The program, called Family First Sacramento, has […]

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$3,600,000 To Be Handed Out With No Strings Attached in Large American City’s Basic Income Pilot

,600,000 To Be Handed Out With No Strings Attached in Large American City’s Basic Income Pilot

A California city with 76,000 residents is preparing to hand $3.6 million out to people with no strings attached in a new basic income pilot. The signup process is now underway in Alameda, where 150 people will receive $1,000 per month for two years. The program, called Rise Up Alameda, is designed to test whether […]

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AI unlikely to destroy jobs, but cost to certain workers may be ‘brutal’ — UN study

A study from the United Nations agency International Labour Organization suggests AI will more likely augment jobs than destroy them, though certain roles could be at more risk than others.

Generative AI is more likely to complement existing jobs than take over them entirely, though certain roles such as clerical work — could see more of their tasks automated than others. 

According to an Aug. 21 Generative AI and Jobs study by the International Labour Organization (ILO) — a United Nations agency — 24% of clerical tasks are considered highly exposed to automation, with an additional 58% with medium-level exposure.

Tasks with high and medium GPT-exposure by occupational category. Source: ILO

Typists, travel consultants, bank tellers, contact center clerks, bookkeeping and data entry clerks, hotel receptionists and secretaries are the administration roles most at risk, the figures show.

This, according to the ILO, could suggest that women could be more at risk, given their higher representation in administrative roles.

"3.7 per cent of all female employment in the world is in jobs that are potentially automatable with generative AI technology, compared with only 1.4 per cent of male employment."

Meanwhile, AI automated work is more likely to impact employees in high-income countries (5.5%) compared to low-income countries (0.4%), the report found:

Occupations with high automation potential by income level and sex. Source: ILO

The ILO’s study on generative AI mostly focused on the impact of chatbot applications, such as OpenAI’s ChatGPT and Google’s Bard.

Crypto customer service

The ILO report also shows customer service and coordination-related tasks as having high automation potential, along with data management and record keeping, information processing and language services, tasks related to responding to inquiries. 

Table showing tasks with high automation potential clustered into thematic groups. Source: ILO

Many customer service roles were lost in the most recent crypto winter of 2022, which saw some of the industry’s heavyweights in Binance, Coinbase and Kraken significantly reduce headcounts, including customer service.

Currently, customer service roles in Web3 comprise 832 (2.5%) of the total 33,846 listings on cryptocurrency job board Web3.career.

Related: Dear crypto writers: No one wants to read your ChatGPT-generated trash

However, the ILO concluded that the workforce as a whole won't be too affected by AI and that AI’s overall impact were neither particularly positive nor negative for now — rather, its impact will depend on how GPTs are managed and regulated.

"Without proper policies in place, there is a risk that only some of the well-positioned countries and market participants will be able to harness the benefits of the transition, while the costs to affected workers could be brutal," it wrote. 

ILO’s findings are more optimistic than that of everyday Americans, with a recent survey revealing that 62% of the U.S. population believe AI will have a major impact in the workplace over the next two decades, leaving many Americans “wary” and “worried” about what their future holds.

Magazine: AI Eye: AI’s trained on AI content go MAD, is Threads a loss leader for AI data?

Michael Saylor hints at MicroStrategy’s upcoming Bitcoin purchase