AI Gone Wild? | Wallstreet Trapper (Trappin Tuesday's)

Trappin Tuesday's

Wallstreet Looks Like Us Now Network

Business, Wallstreet Trapper, Investing, Entrepreneurship

4.9 • 2K Ratings

🗓️ 9 May 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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AI Gone Wild? | Wallstreet Trapper (Trappin Tuesday's) Join our Exclusive Patreon!!! Creating Financial Empowerment for those who've never had it. https://www.patreon.com/Wallstreetlookslikeusnow Exclusive Trapper Apparel: https://trapperapparelinc.com THE NOISE OF UNCERTAINTY | Wallstreet Trapper (Episode 41) Trappin Tuesday's Original Video: https://youtube.com/live/wB6ogJkh6i0 From the streets to the stock market. Every Tuesday we bring financial empowerment to those who feel l...

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0:00.0	The AI disaster.
0:08.0	Now, a company called Cheg which is a online school today this stock plummeted by 50% after their earnings call they said that AI is hindering their company.
0:27.2	Because students are going to AI,
0:29.6	chat, gee to be exact,
0:31.6	and they're looking for answers.
0:33.0	They're getting the answers and they're getting the work from AI,
0:38.2	from chat, GPT, and they're not going to the school.
0:42.1	It's affecting their enrollment. Okay I get it. They're
0:46.8	replacing the student learning with AI. Okay I want you to understand that this is the beginning.
0:55.0	This is the beginning to something really big happening because over the course of five years
1:01.0	they're saying that AI will take 300,000 jobs away from Americans.
1:05.0	They're saying that AI will take jobs from 300,000 Americans
1:09.0	over the next five years.
1:11.0	Watch this.
1:12.0	IBM says it's putting a pause on hiring people because they plan on
1:17.2	replacing 25% of their job positions with AI. I want you to understand some y'all. I B. M. said they are
1:30.5	freezing hiring people for positions because AI will replace
1:37.4	25% of their positions. Here's the expected jobs to be lost by AI, oh.
1:44.6	Look at here, opposite admin support.
1:48.0	46% of jobs will be lost to office and admin support.
1:51.6	25% in all other industries.
1:54.0	44% legal.
	...

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