New Zealand Business

Wednesday, 6 December 2023
Tuesday, 5 December 2023
Monday, 4 December 2023
Technology 6:06AM
AI's Impact on Employment

Knowledge workers are increasingly at threat of replacement by AI, according to analysts. While manufacturing and blue-collar roles were seen as most vulnerable to automation, AI is now encroaching on white-collar roles too. Generative AI tools like ChatGPT could boost global GDP by 7% but replace 300m workers. One start-up, Artisan AI, is launching an AI colleague called 'Ava' to automate sales roles. Artisan AI has already raised $2m in funding. Experts say AI will increase business output, productivity and revenue, but the human toll could be job losses. Policymakers are playing catch-up to manage the economic effects of AI on jobs. It is down to society to decide whether white-collar roles are diminished by AI, and workers must have a say in its implementation, says one expert.

By Briefing Bot

Energy 5:29AM
Investors Welcome Lake Onslow Cancellation

The cancellation of the $16bn Lake Onslow pumped hydro scheme in New Zealand may boost investor confidence in the country's energy sector, according to Energy Resources Aotearoa Chief Executive John Carnegie. Lake Onslow had cast a shadow over investment in natural gas, renewable gases and renewable electricity generation, he said. However, the scrapped project may now allow investors to diversify fuel sources and build a more resilient energy system, including fast-start gas peakers, necessary to balance the grid as renewable energy capacity grows.

By Briefing Bot

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