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Job Crisis: The Impact of Large Data Centers on Australia’s Freshwater Resources

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a■ Australia is capitalizing on the AI boom, with numerous new investments in data centers located in Sydney and Melbourne. However, experts caution about the strain these large-scale projects may impose on already limited water resources.

The projected water demand for servicing Sydney’s data centers is anticipated to surpass the total drinking water supply in Canberra within the next decade.

In Melbourne, the Victorian government has pledged a $5.5 million investment to transform the city into Australia’s data center hub. Currently, hyperscale data center applications already exceed the collective water demands of nearly all of the top 30 business customers in the state.

Tech giants like Open AI and Atlassian are advocating for Australia to evolve into a data processing and storage hub. With 260 data centers currently operational and numerous others planned, experts express concern regarding the repercussions for drinking water resources.

Sydney Water projects that it will require as much as 250 megalitres daily to support the industry by 2035—more than the total drinking water supply in Canberra drinking water).

Cooling Requires Significant Water

Professor Priya Rajagopalan, director of RMIT’s Center for Post Carbon Research, points out that a data center’s water and energy requirements are largely dictated by the cooling technology implemented.

“Using evaporative cooling leads to significant water loss due to evaporation, while a sealed system conserves water but requires substantial amounts for cooling,” she explains.

Older data centers typically depend on air cooling. However, the increased demand for computational power means greater server rack densities, resulting in higher temperatures. Hence, these centers rely more heavily on water for cooling solutions.

Water consumption in data centers varies significantly. For instance, NextDC has transitioned to liquid-to-chip cooling, which cools processors and GPUs directly, as opposed to cooling entire rooms with air or water.

NextDC reports that while initial trials of this cooling technology have been concluded, liquid cooling is far more efficient and can scale to ultra-dense environments, improving processing power without a proportional increase in energy consumption. Their modeling suggests that the power usage efficiency (PUE) could decline to as low as 1.15.

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The data center sector measures its sustainability using two key metrics: water usage efficiency (WUE) and power usage efficiency (PUE). These metrics gauge the levels of water or power consumed per unit of computing work.

WUE is calculated by dividing annual water usage by annual IT energy usage (kWh). For instance, a 100MW data center that uses 3ML daily would yield a WUE of 1.25. A number closer to 1 indicates greater efficiency. Certain countries enforce minimum standards; for example, Malaysia recommends a WUE of 1.8.

Even facilities that are efficient can still consume substantial amounts of water and energy at scale.

NextDC’s last fiscal year’s PUE stood at 1.44, up from 1.42 the previous year. The company indicates that this reflects the changing nature of customer activity across its facilities and the onboarding of new centers.

Calls to Ban Drinking Water Usage

Sydney Water states that estimates regarding data center water usage are continually reassessed. To prepare for future demands, the organization is investigating alternative, climate-resilient water sources like recycled water and rainwater harvesting.

“Every proposed connection for data centers will undergo case-by-case evaluations to guarantee adequate local network capacity. If additional services are necessary, operators might need to fund upgrades,” a Sydney Water representative said.

In its submission to the 2026-2031 rate review in Victoria, Melbourne Water observed that hyperscale data center operators seeking connectivity “expect instantaneous and annual demand to surpass nearly all of Melbourne’s leading 30 non-residential customers.”

Melbourne Water mentioned, “This has not been factored into our demand forecasting or expenditure plans.”

The agency is requesting upfront capital contributions from companies to mitigate the financial burden of necessary infrastructure improvements, ensuring those costs do not fall solely on the broader customer base.

Documents show that Greater Western Water in Victoria has received 19 data center applications. See more from ABC provided to the Guardian.

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The Concerned Waterways Alliance, composed of various Victorian community and environmental organizations, has expressed concerns regarding the potential diversion of drinking water for cooling servers when the state’s water supplies are already under stress.

Alliance spokesperson Cameron Steele emphasized that expanding data centers would create a greater reliance on desalinated water, thereby diminishing availability for ecological streams and possibly imposing costs on local communities. The group is advocating for a ban on potable water usage for cooling and demanding that all centers transparently report their water consumption.

“We strongly promote the use of recycled water over potable water within our data centers.”

Closed Loop Cooling

In hotter regions, like much of Australia during summer, data centers require additional energy or water to remain cool.

Daniel Francis, customer and policy manager at the Australian Water Works Association, highlights that there is no universal solution for the energy and water consumption of data centers, as local factors such as land availability, noise restrictions, and water resources play significant roles.

“We constantly balance the needs of residential and non-residential customers, as well as environmental considerations,” says Francis.

“Indeed, there is a considerable number of data center applications, and it’s the cumulative effect we need to strategize for… It’s paramount to consider the implications for the community.”

“Often, they prefer to cluster together in specific locations.”

One of the data centers currently under construction in Sydney’s Marsden Park is a 504MW facility spanning 20 hectares with six four-story buildings. The company claims this CDC center will be the largest data campus in the southern hemisphere.

Last year, CDC operated its data centers with 95.8% renewable electricity, achieving a PUE of 1.38 and a WUE of 0.01. A company representative stated that this level of efficiency was made possible through a closed-loop cooling system that does not require continuous water extraction, in contrast to traditional evaporative cooling systems.

“CDC’s closed-loop system is filled only once at its inception and functions without ongoing water extraction, evaporation, or waste generation, thereby conserving water while ensuring optimal thermal performance,” the spokesperson noted.

“This model is specifically designed for Australia, a nation characterized by drought and water shortages, focusing on long-term sustainability and establishing industry benchmarks.”

Despite CDC’s initiatives, community concerns regarding the project persist.

Peter Rofile, acting chief executive of the Western NSW Health District, expressed in a letter last June that the development’s proximity to vulnerable communities and its unprecedented scale posed untested risks to residents in western Sydney.

“This proposal does not guarantee that this operation can adequately mitigate environmental exposure during extreme heat events, potentially posing an unreasonable health risk to the public,” Rofile stated.

Source: www.theguardian.com

Data Breach Exposes Personal Information of Tate Gallery Job Seekers

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The Guardian has revealed that personal information from job applicants at the Tate has been exposed online, compromising addresses, salaries, and phone numbers of examiners.

These extensive records, running hundreds of pages, were shared on a site not affiliated with the government-supported organization managing London’s Tate Modern, Tate Britain, Tate St Ives in Cornwall, and Tate Liverpool.

The leaked data encompasses details like the current employers and educational background of applicants related to the Tate’s Website Developer Search in October 2023, affecting 111 individuals. While names are undisclosed, referees’ phone numbers and personal email addresses might be included. It remains unclear how long this information has been available online.

Max Kohler, a 29-year-old software developer, learned his data had been compromised after one of his application reviewers received an email from an unfamiliar source who accessed the online data dump.

Kohler found that the breach contained his last paycheck, current employer’s name, other reviewers’ names, email addresses, home addresses, and extensive responses to job interview questions.

“I feel extremely disappointed and disheartened,” he stated. “You dedicate time filling out sensitive information like your previous salary and home address, yet they fail to secure it properly and allow it to be publicly accessible.”

“They should publicly address this issue, provide an apology, and clarify how this happened, along with actions to prevent future occurrences. It likely stems from inadequate staff training or procedural oversights.”

Reported incidents of data security breaches to the UK’s Information Commissioner’s Office (ICO) continue to rise. Over 2,000 incidents were reported quarterly in 2022, increasing to over 3,200 between April and June of this year.

Kate Brimstead, a partner at Shoesmith law firm and an authority on data privacy, information law, and cybersecurity, commented: “Breaches do not always have to be intentional. While ransomware attacks attract significant attention, the scale of current breaches is substantial.” Errors can often contribute to these incidents, highlighting the necessity for robust checks and procedures in daily operations. “Managing our data can be tedious, but it remains crucial,” she added.

The ICO emphasized that organizations must report a personal data breach to them within 72 hours of being aware, unless there is no risk to individuals’ rights and freedoms. If an organization decides not to report, they should maintain a record of the breach and justify their decision if needed.

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A spokesperson for Tate stated: “We are meticulously reviewing all reports and investigating this issue. Thus far, we haven’t identified any breaches in our systems and will refrain from further comment while this issue is under investigation.”

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Examining Gender Bias in Facebook’s Job Ads: Insights from France’s Equality Monitoring Regulations

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France’s equality regulator has determined that Facebook’s job advertising algorithm is discriminatory towards women, following an investigation that revealed a bias in job ads for mechanics favoring men, while ads for kindergarten teaching positions were predominantly shown to women.

The watchdog group, Défenseur des Droits, contended that Facebook’s targeted job ad system discriminates based on gender, which constitutes indirect discrimination. The regulator advised Facebook and its parent company, Meta, to implement measures to eliminate discriminatory practices in advertising and granted the company three months to inform French authorities of its actions.

According to the regulator’s ruling, “The system implemented for distributing job listings treats Facebook users differently based on their gender, thereby resulting in indirect gender discrimination.”

This ruling followed an initiative from Global Witness, a campaign organization focused on examining the influence of major tech firms on human rights, which posted advertisements on Facebook that included links to various job opportunities across countries like France, the UK, Ireland, and South Africa.

The findings revealed that, notably in France, 90% of individuals seeing ads for mechanic positions were men, whereas the same percentage of those encountering kindergarten teacher ads were women. Additionally, 80% of viewers for psychologist job ads were women, while 70% of those seeing pilot job ads were men.

Global Witness, along with French women’s rights organizations La Fondation des Femmes and Femme Ingénue, which had reached out to the rights group, praised the ruling.

In a joint statement, they remarked, “This seems to be the first instance where a European regulator has ruled that a social media platform’s algorithms exhibit gender discrimination, marking significant progress in holding these platforms accountable under existing legislation.”

“This decision conveys a powerful message to all digital platforms that they will be held responsible for such biases,” stated attorney Josephine Sheffet, representing the plaintiffs. “This legal principle establishes a crucial precedent for future legal actions.”

Mr. Mehta disputed the ruling, with a spokesperson stating: “We disagree with this decision and are exploring our options.”

Meta had agreed to modify Facebook’s algorithms in 2022 after allegations from the U.S. Department of Justice suggested that the platform’s housing advertising system discriminated against users based on criteria like race, religion, and gender.

Source: www.theguardian.com

Deceived and Defeated: The Struggles of African Job Seekers Exploited by Asian Cyber Scammers

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WAfter arriving in Bangkok from Nairobi last December, Duncan Okindo sensed something was amiss as he began his job as a customer service agent. The 26-year-old had previously sold cattle, borrowed funds from a friend, and used his savings to pay the recruitment agency 200,000 Kenyan Shillings (£1,150).

“I thought it was a positive step to leave [the country] and seek opportunities to support my family,” Okindo recalls.

Unfortunately, when a van collected Okindo and six other Kenyans at the airport, the driver took their passports and falsely informed Thai officials that they were tourists. After several hours of travel, they were taken to a boat to cross a river, confused and exhausted.

They were then taken to Myanmar. Walled compounds guarded by rebel militias awaited them.

For the next three months, he was forced to send thousands of messages from fake social media accounts, posing as a wealthy American investor to defraud U.S. real estate agents through cryptocurrency scams.

When he failed to hit his daily targets, he faced beatings, confinement in a freezing room, and sometimes went without food for up to two days. He prayed for the safety of others who suffered at the hands of the Chinese gangsters operating the center, wishing they could avoid the electrocution and sexual torture he witnessed.

“It was hell on Earth,” says Okindo. “I felt completely shattered.”

Eventually, he was released from Myanmar’s KK Park, a compound reflecting the rising number of Kenyans, Ugandans, and Ethiopians trafficked to Southeast Asia as criminal organizations look to expand the East African labor pool.




KK Park is a rapidly growing fraud center located in Myawadi, along Myanmar’s border with Thailand. Photo: Jittrapon Kaicome/The Guardian

Since the 2021 coup in Myanmar, there’s been a surge in cyber slavery compounds, taking advantage of the country’s weakened governance and fostering illegal activities. The number of such centers along the Thai border has escalated from 11 to 26 in just four years.

The United Nations estimates that at least 120,000 individuals are trapped in cyberscam compounds, and human trafficking experts and rescue organizations in Myanmar have noted that crackdowns have yielded minimal results. These centers are often run by Chinese criminal gangs, with some colluding with Myanmar’s military along the borders.

Map of the Myanmar-Thai border along the Moei River, showing locations of the fraud centre

Okindo considers himself fortunate. The mission to find and free trafficked individuals involves coordination among multiple governments, militias, and police forces. Thai officials have successfully promoted the release of thousands of trafficking victims, while East African governments are increasingly collaborating with Thai authorities willing to engage with Myanmar’s junta and militia forces at the border.

Victims can only be released into Thai custody if their home country agrees to take responsibility for their repatriation and the associated costs.

Since 2020, the Southeast Asian cyberslavery industry has ensnared hundreds of thousands, forcing individuals into what is colloquially termed “slaughtering the pigs,” a brutal way to build trust with scam targets before executing fraud. Initially aimed at Chinese and Taiwanese victims, the industry has expanded to Southeast Asians, Indians, and now, Africans.




“Sometimes I’m afraid to talk about it,” Okindo reflects. Photo: Provided by Duncan Okindo

The criminal syndicate is shifting focus to fraudulent victims in the U.S. and Europe, with China working to prevent citizens from becoming targets, an expert informed The Guardian.

This has led various human trafficking networks to search for recruits with English and technical skills, including East Africans. Estimates now suggest thousands are trapped in Southeast Asian compounds, according to Benedict Hoffman, a representative of the United Nations Office on Drugs and Crime in Southeast Asia and the Pacific.

As awareness grows among citizens in various countries, recruitment becomes increasingly challenging. “It’s much harder these days to enlist large numbers of individuals from India,” Hoffmann notes. “This is why we’re observing a rise in victims from Africa.”

Between January and April, the Kenyan government successfully repatriated 175 citizens from Myanmar; Roseline Njogu, the Director of the Diaspora Issues Department in Kenya’s State Department, noted that a substantial group of Kenyans, about 150 individuals trafficked from across Southeast Asia, was rescued between 2022 and 2024. This issue also extends to Ethiopia and Uganda.

In Kenya, approximately 80% of the population is under 35, and the unemployment rate is alarmingly high. The government under President William Ruto has actively promoted labor exports. Investigations indicate that four in ten young Kenyans are considering moving abroad.

Recruiters exploiting modern slavery are capitalizing on government migration promotion, targeting Kenya through online job advertisements, social media, texts, and in-person visits to rural areas, states Mutuk Nguri, CEO of the Counter Human Traffic Trust.

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Chinese, Vietnamese, and Ethiopians rescued in Misawadi, Myanmar. They are recognized as victims of human trafficking at fraud centers. Photo: Thanaphon Wuttison/AP

The government acknowledges its precarious position, according to Nguri. The Kenyan Ministry of Foreign Affairs and Diaspora Issues did not respond to requests for comments.

Thailand has aided thousands, but repatriation presents its own challenges and costs. Thai officials must establish that workers are indeed victims of human trafficking before releasing them to their home countries.

When Susan Wahura* was rescued from a Myanmar romance scam operation in 2022, she spent a month moving between four Thai detention centers before realizing she was trafficked and initiating legal steps to obtain freedom.

“I spent time in a solitary cell before accepting my status as a trafficking victim which ultimately led to my freedom,” shares 32-year-old Wahura.

Neither Uganda nor Ethiopia maintain embassies in Thailand, complicating their ability to identify victims in Myanmar, currently engulfed in civil conflict. Earlier this year, several Ugandans and Ethiopians found themselves stranded at the Myanmar-Thai border as repatriation efforts stalled.




Duncan Okindo has created a TikTok video detailing his trafficking experiences in Myanmar, aiming to raise awareness about predatory agencies and bogus job offers. Photo: Carlos Mureithi/The Guardian

The fraud syndicate is exploiting vulnerabilities in East Africa’s diplomatic representation to deter victims from seeking help, asserts Jason Tower, a global initiative against transnational organized crime.

“Ultimately, that’s the objective of the scam syndicate—to transform individuals into profit-generating machines, acting as high-capacity con artists,” states Tower.


Nevertheless, despite repatriation efforts by East African nations, deceptive recruitment agencies keep advertising fake job opportunities. Both Okindo and Wahura continue to share guardian messages with Kenyans contemplating moves to Southeast Asia.

In May, Okindo, who holds a mass communication diploma, filed a lawsuit against the recruitment agency and its staff, accusing them of conscription into slavery and human trafficking. A Nairobi court has issued a temporary injunction preventing the overseas employment of labor.

Since his return, Okindo has spoken publicly about his experiences through television, TikTok, and other social media outlets, connecting stranded victims with legal support, aid organizations, and ambassadors for their recovery.

His aim is to raise awareness about malicious institutions and false job opportunities while encouraging victims to seek justice.

“I’ve enlightened many individuals,” he asserts. “Though I sometimes feel scared discussing it, I share my story, knowing that speaking out could help save others.”

*Name changed to protect identity

Source: www.theguardian.com

Tax Relief and Carmen Sandiego: Boosting Australia’s Former Video Game Industry

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The perception that video games lack seriousness fails to recognize the benefits they provide to gamers who often feel disconnected.

“During the Covid pandemic, I realized that games serve as a vital means for people to connect and maintain relationships.”

Ross Simmons, CEO of Big Ali Studios, a Melbourne-based game development firm, recalls Tony Abbott’s dismissal of the national broadband network in 2010 when he referred to it as merely “internet-based television, video entertainment, and gaming.”

Simmons asserts that the industry’s marginalization has not endured over time.

Data from the Interactive Games and Entertainment Association (IGEA) indicates that Australians invested $3.8 billion in video games in the past year. Although this sector remains smaller compared to major development countries like Canada, it is gradually evolving.

In 2023, the Australian government introduced the Digital Game Tax Offset (DGTO), enabling local developers to claim a 30% refundable income tax offset for creating or porting games in Australia. This policy is applicable to companies that spend a minimum of $500,000 on development in Australia, with a cap of $20 million per company.

Ron Curry, CEO of IGEA, reports that the Australian gaming industry employed approximately 1,300 individuals between 2020 and 2021.




Industry experts believe that the government’s tax offsets and rebates are drawing international developers and fostering local talent.
Photo: Assanka Brendon Ratnayake/Guardian

The Game Development sector in Australia now employs 2,465 full-time staff and generated $3399.1 million in revenue for the fiscal year 2023-24. “This reflects nearly a 100% rise in employment and an approximate 85% increase in revenue,” he notes.

“The DGTO has activated numerous avenues. Previously, Australia was one of the most expensive places to develop games and the only developed nation lacking rebates or offsets. We have corrected this to align ourselves with other developed nations.”

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Curry expresses confidence in the industry, indicating that government support, along with state and territorial grants, has signified Australia as a “healthy environment for operation,” fostering trust among investors, game publishers, and prospective employees.

Interstate Competition and Legacy Building

Serge Xebian, a partner at Playlight Consulting which advises gaming firms on financial matters, states that the offset has substantially benefited companies hiring in Australia, spurring momentum in the sector.

“International studios are increasingly aware of this, particularly those with existing ties to Australian vendors. Now, many are actively looking toward Australia. My clients’ suggestions are rapidly moving up the agenda.”

Xebian notes that while New South Wales was once a film haven, Victoria now stands out as a game development center, although competition is intensifying. Queensland offers a 15% rebate in addition to the federal benefits, with a threshold set at $250,000, while Victoria’s rebates range from 10% to 15%, based on investment level, with a $500,000 threshold.

“We are seeing many independent game studios relocating to Queensland,” observes Xebian.

French game developer Gameloft inaugurated a studio in Brisbane in 2014, responsible for reviving the famous character Carmen Sandiego on Netflix, Xbox, PlayStation, PC, and Nintendo Switch this year.

Manea Castett, head of the Brisbane studio, reminisces about playing Carmen Sandiego games with his father, describing the character’s persona as both thrilling and adventurous. He appreciates the opportunity to reimagine the game and provide players with a “fun twist” on Sandiego’s adventures.

Castett mentions that their Brisbane studio stands out within the company for its rapid growth, expanding from 55 staff two years ago to 217 today. He highlights their ability to develop two games simultaneously, enabling a more comprehensive approach to game design, technology, audio, quality assurance, and marketing.

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“Globally, the landscape is shifting… there remains significant revenue potential. The Australian video game industry is on the rise.”

Development challenges

Big Ali’s studio became the center of a controversy during the launch of Rugby League 26 in July when users reported game bugs, which included incorrect jersey numbers and server issues that hampered gameplay.

Simmons described the day patches were deployed to enhance the game as “very satisfying,” explaining that the near deadline for release aligned with the NRL season forced hasty changes.




Simmons noted that Big Ant Studio’s latest rugby title temporarily overwhelmed its online servers, achieving sales over six times their anticipations. Photo: Assanka Brendon Ratnayake/Guardian

“In the week prior to the release, we implemented 1,200 changes, many of which involved alterations due to sponsorships related to betting, alcohol, and other elements,” he explains, describing the challenges involved.

Logos of gambling and alcohol companies present on player jerseys in real life were removed from the game due to increasing concerns about promoting these products to underage audiences. Simmons believes that they underestimated the game’s demand on launch day, which sold six times their initial projections, causing server issues they eventually addressed.

Before the tax offsets were introduced, Big Ant had around 50 employees; now, with the growth fueled by these initiatives, they expanded to 147. Simmons states, “This enables us to compete globally.”

The tight job market, wherein game development skills are sought after across diverse sectors including artificial intelligence, further complicates their growth trajectory.

Curry notes that while the industry boasts transferable skills that participants take pride in, it must vie for talent. Ensuring safe jobs, competitive salaries, and an immigration framework that attracts skilled professionals will aid in recruitment, he adds.

“Integrating senior talent into the country serves as an accelerator for the people they mentor,” he remarks. “In Canada, you can bring developers into the country in as little as two weeks. We’ve witnessed instances of individuals taking over two years to enter Australia.”

“In a fast-paced industry, such delays are problematic.”




Source: www.theguardian.com

A Four-Day Workweek Could Boost Your Health and Job Performance

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Reduced commuting days appear to reflect some workers’ sentiments

2024 Getty Images

Shifting to a four-day workweek without impacting salaries seems to enhance employee wellness and job satisfaction.

The Covid-19 pandemic changed workforce dynamics. With a transition to remote or hybrid work environments, some companies have adopted a four-day work schedule while maintaining pay.

To explore these changes, Wenfang from Boston College, Massachusetts, and her colleagues examined data from 141 companies across the US, UK, Australia, New Zealand, Canada, and Ireland that took part in a pilot initiative by the nonprofit 4 Day Global.

Prior to the trial, companies collaborated with external consultants to streamline their workflows and eliminate inefficiencies like unnecessary meetings.

After a six-month program, researchers compared self-reported productivity, health, and job satisfaction from approximately 3,000 employees at participating companies against 12 workers who were involved but opposed the trial.

Employees at companies that adopted a four-day work week reported lower rates of burnout and higher job satisfaction, alongside improvements in overall mental and physical health. These benefits were linked to better sleep quality, reduced fatigue, and enhanced work performance.

“Many individuals are concerned about a phenomenon called job intensification. If you’re required to complete all your work in four days instead of five, it might increase stress,” notes Fan. “Our findings indicate the opposite. When employees can reduce hours, they feel positive about themselves, contributing to greater happiness.”

The results were consistent across various employee demographics, including age and gender, regardless of whether they worked remotely or in-office. However, positions within the company appeared to impact results. Supervisors reported notable enhancements in overall well-being compared to non-supervisors.

The researchers indicated that participants did not clarify which specific aspects of the trial contributed to their perceived benefits, suggesting that the improvements might stem from reduced unnecessary meetings rather than merely switching to a four-day schedule, according to Ronnie Golden from Penn State University in Abington.

“If employees report higher happiness, could it be due to better treatment from their employer? They might trust their company more, benefit from fewer commuting days, or enjoy a few extended days for leisure,” states Golden. “Or is it simply a matter of increased productivity per hour with fewer distractions?”

Regardless, over 90% of firms that transitioned to a four-day work week chose to continue this model after the program ended, according to Fan.

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Source: www.newscientist.com

Navigating the Workforce Crisis: Key Insights for Alumni Battling AI in the Job Market

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  • 1. The current crisis has as much to do with economics as it does with AI

    According to Kirsten Barnes, head of Bright Network’s digital platform, the graduate labor market is facing challenges that are not uncommon.

    “Typically, fluctuations in the graduate job market hover around 10-15% this year, stemming from various factors such as the overall economic landscape and typical business demand changes, rather than being solely driven by AI.”

    Fewer graduates report that among companies employing alumni, “no one attributes this to AI,” said Claire Tyler, director of insights at the Institute for Student Employers (ISE), which advocates for leading graduates.

    Some recruiting professionals noted that the recent rise in employer national insurance contributions is hindering entry-level hiring.

    Ed Steer, CEO of Sphere Digital Recruitment, highlighted a drop in graduate vacancies from 400 annually in 2021 to a projected 75 this year, indicating that companies prefer candidates with more experience to “hit the ground running.”

  • 2. Nonetheless, AI is indeed a significant factor

    Auria Heanley, co-founder of Oriel Partners, reported a 30% decrease in entry-level personal assistant roles this year, stating, “It’s undeniable that AI, coupled with broader economic uncertainty, is making it increasingly challenging for graduates to secure these positions.”

    Felix Mitchell, co-CEO of Instant Impact, noted that fields related to STEM (science, technology, engineering, and mathematics) are particularly affected. “Evidence suggests while AI will create jobs, job losses will occur faster than new roles are generated.”

  • 3. The revolution is set to escalate

    Major tech companies like Microsoft are highlighting the profound impacts of AI agents—technology capable of performing complex cognitive tasks autonomously. Developer AI leader Dario Amodei has cautioned that this advancement could eliminate half of all entry-level office roles within the next five years.

    James Reid, CEO of Employment Agency Reid, remarked that AI is on the verge of reshaping the job market dramatically.

    “This seems to be a pivotal year where AI is truly transforming and becoming ingrained in workflows.”

    Sophie O’Brien, CEO of Pollen Careers, catering to early-career and entry-level roles, mentioned that AI has “accelerated” the decline in graduate recruitment over several years.

    She added: “It’s evident that a substantial number of jobs in the coming years will vanish due to the prevalence of desk jobs focused on information processing.”

  • 4. Acquire AI skills immediately

    According to David Bell from Odgers, an executive search firm, law firms are increasingly prioritizing AI skills in their graduate recruitment processes. “During interviews, they are inquiring about candidates’ knowledge and use of AI,” he noted. “Candidates unfamiliar with tools like ChatGPT will find it hard to secure positions.”

    James Milligan, global head of STEM recruitment for multinational Hayes, concurred: “Without an understanding of AI tools, candidates will disadvantage themselves. Jobs remain, but they evolve. We are in the midst of that evolutionary shift.”

    Chris Morrow, managing director at Digitalent, which specializes in AI-related placements, mentioned he is developing a new category of AI-Adjacent roles rather than merely adopting technology.

    This rising demand for skills has led universities to rethink their curriculum. Louise Ballard, co-founder of atheni.ai, stated that while assisting companies in integrating AI technology, there’s a noticeable gap in “basic AI literacy education” at the university level.

    “Your workforce lacks the necessary training,” she remarked. “Success in AI requires practical skills, which are not strictly academic.”

    Morrow asserted the real concern lies in underutilizing AI, emphasizing that educational institutions and governmental policies need to adapt. “Universities must incorporate AI training across all subjects,” he urged.

  • 5. Graduates are using AI to job-hunt, but caution is advised

    AI is proving helpful for composing resumes and cover letters, leading to an increase in applications as the process becomes more user-friendly.

    Bright Network reports that AI utilization among alumni and undergraduates has grown to 50%, up from 38% last year. Teach, a prominent graduate employer, plans to enhance non-writing review processes to mitigate the effects of AI-generated inputs.

    ISE’s Tyler cautioned that over-reliance on AI in applications may force employers to cut recruitment efforts short and focus on specific demographics. This could disadvantage underrepresented groups, she indicated.

    James Reed noted that what was once a major red flag, such as typos, may now be viewed differently. “In the past, I filtered out CVs with spelling mistakes, assuming candidates were either careless or inattentive to detail,” he remarked.

  • 6. Consider applying to small businesses

    Small and medium-sized enterprises, defined as those with fewer than 250 employees, have also emerged as viable options for graduates.

    Pollen O’Brien noted that small businesses are the largest employers in the UK, accounting for 60% of the workforce. A lack of AI proficiency in these organizations presents unique employment opportunities.

    “Many of these businesses are unaware of AI capabilities and may even fear them, creating chances for new graduates to provide much-needed skills,” she affirmed. “By imparting these skills to small businesses, there’s potential to revolutionize operations.”

    Dan Hayes, co-founder of the Alumni Recruitment Office, remarked on the thousands of lesser-known employers “eager for innovative individuals.”

    “There exists a vast, untapped market seldom covered in discussions,” he concluded.

    • Source: www.theguardian.com

    Report Reveals Over 25% of UK Companies Targeted by Cyberattacks Last Year | Job

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    Reports indicate that numerous companies across four UK sectors have fallen prey to cyberattacks, putting the situation at risk unless they take immediate measures.

    A survey of facilities conducted by facility managers, service providers, and chartered surveyors under RICS and shared with the Guardian revealed that many buildings experienced cyberattacks in the last year. This figure has risen from 16% the previous year.

    Nearly three-quarters of over 8,000 business leaders (73%) anticipate that cybersecurity incidents will impact their operations in the next 12-24 months. RICS has recognized cybersecurity and digital risks as significant and rapidly evolving threats for building owners and occupants.

    Marks & Spencer had to pause orders on its website for nearly seven weeks following a major attack in April, causing clothing sales to fall significantly until May 25th. They lost market share to competitors such as Next, Zara, and H&M.

    As cybercriminal techniques advance, incidents targeting critical infrastructure and data breaches have become increasingly frequent, as noted by RICS. This trend will likely intensify with the enhanced capabilities of artificial intelligence and rapid technological advancements.

    RICS cautioned that some buildings might be relying on dangerously outdated operating systems. For instance, a building that was opened in 2013 might still be using Windows 7, which has not received security updates from Microsoft for over five years.

    Paul Bagust, head of the property practice at RICS, remarked: “Buildings have transformed from mere bricks and mortar into smart, interconnected digital environments that leverage continuously evolving technology to enhance the experience of occupancy.

    This technology collects data to inform decision-making. At the levels of property management, building users, occupants, and owners, these advancements provide various benefits, including enhanced efficiency and reduced environmental impact. However, they also present multiple risks and vulnerabilities that could be exploited by malicious entities.”

    The report highlights operational technologies such as building management systems, CCTV networks, Internet of Things devices, and access control systems as potential risk areas. This encompasses everything from automated lighting and heating to building management systems and advanced security protocols.

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    Bagust further commented: “It’s challenging to envision a scenario where technology does not continue to elevate the risks within building operations. Identifying these burgeoning digital challenges and implementing adequate security measures is essential but increasingly complex.”

    Source: www.theguardian.com

    Amazon CEO Warns Staff: AI Poses Job Risks in Coming Years

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    The CEO of Amazon informed the company’s office workers that opportunities in artificial intelligence will be available in the upcoming years.

    Andrew Jassy advised his team that AI agents—tools designed to perform tasks autonomously—will lead to a reduction in workforce in specific AI areas, including chatbots.

    “As we integrate more generative AI and agents, our work dynamics will transform,” he mentioned in a note to the team. “There will be fewer individuals in some existing roles, while others will shift to different types of work.

    “It’s hard to predict the exact trajectory of this change, but we anticipate a decrease in our overall workforce in the coming years.”

    Amazon currently employs 1.5 million individuals globally, with around 350,000 in corporate positions such as software engineering and marketing.

    Recently, the CEO of BT, a UK telecommunications firm, stated that advancements in AI might lead to deeper job cuts in their company. Conversely, Dario Amodei, CEO of AI research firm Anthropic, noted that AI could potentially eliminate half of all entry-level office jobs.

    Jassy projected that billions of AI agents will become integral to the everyday operations of companies and individuals alike soon.

    “These AI agents will be present in virtually every company and industry. From shopping to handling daily tasks, many of these agents will assist in various aspects of life outside of work. Although not all of these agents have been developed yet, there is no doubt about their future impact.”

    Jassy concluded his message by urging employees to engage with AI, emphasizing the importance of self-education and participating in training programs.

    “Those who adapt to this change and familiarize themselves with AI—by developing and enhancing AI capabilities internally and delivering them to our customers—will play a crucial role in redefining the company,” he asserted.

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    The Organisation for Economic Co-operation and Development (OECD), an influential international policy body, estimates that this technology could lead to job losses among skilled white-collar professionals in fields like law, medicine, and finance. According to the International Monetary Fund, 60% of jobs in advanced economies such as the US and the UK could be vulnerable to AI, with half at risk of being adversely affected.

    On the other hand, the Tony Blair Institute advocates for broader AI adoption across public and private sectors, suggesting that while the private sector could see job reductions of up to 3 million in the UK, net losses will be counterbalanced by the creation of new positions thanks to technological advancements.

    Source: www.theguardian.com

    This AI Company Aims to Replace Your Job

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    A few years back, when I started covering Silicon Valley’s push to replace human labor with artificial intelligence, most tech leaders had the decency to at least pretend otherwise.

    “We’re not automating workers, just enhancing them,” they’d say. “Our AI tools won’t eliminate jobs; they’ll serve as helpful assistants, liberating employees from tedious tasks.”

    Yet, while such claims aimed to soothe anxious employees and obscure corporate automation agendas, they reveal more about the technology’s limits than about executives’ intentions. Back then, AI lacked the capability to automate a majority of roles, particularly for degree-holding professionals in sectors like technology, consulting, and finance.

    Things are beginning to shift. Modern AI systems can now develop software, generate comprehensive research reports, and tackle intricate math and science challenges. The new AI “agent” enables users to carry out lengthy task sequences and verify their own output. While many regions still face labor shortages, some experts fear that the recent uptick in unemployment among college-educated individuals is already being attributed to AI taking over certain entry-level positions.

    On Thursday, I witnessed a glimpse of the future at Laborg, thanks to an event hosted by Mechanize in San Francisco. They have an ambitious mission: to automate every job—including those held by miners, doctors, lawyers, software engineers, and designers responsible for our buildings and even our children’s education.

    “Our aim is total work automation,” stated Tamay Besiroglu, one of Mechanize’s 29-year-old founders. “We aspire to achieve a fully automated economy as swiftly as possible.”

    The aspiration for complete automation is not new. Economist John Maynard Keynes foresaw in the 1930s that machines would take over nearly all jobs, generating material wealth and freeing individuals to pursue their passions.

    Naturally, that vision never materialized. However, recent strides in AI have rekindled hopes that technology capable of large-scale labor automation is on the horizon. Dario Amody, CEO of Humanity, recently cautioned that AI could displace half of entry-level white-collar positions within the next five years.

    Mechanization represents one of many startups aiming to make this possible. Founded this year by Besiroglu, Ege Erdil, and Matthew Barnett, who has a background at Epoch AI, a firm researching AI system capabilities.

    They have attracted investments from prominent tech figures, including Stripe’s Patrick Collison and Google’s chief AI scientist, Jeff Dean. Currently, they operate with a team of five and collaborate with major AI companies. (They declined to disclose specifics due to a non-disclosure agreement.)

    Mechanize’s strategy for job automation via AI employs a method known as reinforcement learning, the same technique utilized to train computers to play board games nearly a decade ago.

    Today, top AI firms enhance their language models’ performance using reinforcement learning for additional calculations prior to generating responses. Frequently termed “thinking” or “inference” models, these are stunningly proficient at narrow tasks, like coding and solving complex math problems.

    However, most roles demand handling multiple tasks, and today’s leading AI models struggle with complex workloads or navigating intricate enterprise systems.

    To address this, Mechanization is designing a novel training environment for these models. Essentially, they create intricate scenarios to teach the AI what actions to take in specific contexts and assess its performance.

    For instance, to automate software engineering tasks, Mechanize simulates an environment reminiscent of the one software engineers use, complete with a virtual machine encompassing an email inbox, Slack account, coding tools, and a web browser. AI systems are tasked with utilizing these tools to accomplish given objectives. Success yields rewards, while failure incurs penalties, prompting the system to try again. With sufficient iterations and well-structured simulations, AI could ultimately replicate what human engineers accomplish.

    “It’s akin to designing a rather mundane video game,” Besiroglu remarked.

    Mechanization starts with the field of computer programming, where reinforcement learning has already shown some potential. The hope is to extend this strategy to automate roles across various other white-collar sectors.

    “We’ll know we’ve truly succeeded when we develop an AI system capable of undertaking nearly all responsibilities that can be handled by a computer,” the company articulated in a recent blog post.

    There are lingering questions about the efficacy of Mechanize’s methods, particularly for non-technical jobs where success isn’t as straightforward to measure. (For instance, what does it mean for an AI to succeed as a high school teacher? Even if students achieve high standardized test scores, what if they remain dissatisfied and disengaged? Could reward hacking result in merely giving students the correct answers to boost their scores?)

    The founders of Mechanize are realistic about the challenges in automating such positions. Mr. Barnett estimates that achieving full automation may take between 10 to 20 years, while Erdil and Besiroglu anticipate a timeline closer to 20 to 30 years.

    These timelines are modest by Silicon Valley standards. However, I commend Mechanize for its transparency regarding its objectives, unlike many AI enterprises developing labor supply technologies behind closed doors.

    Nevertheless, I noticed that their proposition seemed to lack empathy for those whose jobs are at stake and bore no consideration for whether society is ready for such monumental change.

    Besiroglu maintains that AI will ultimately generate wealth that can be redistributed to displaced workers through concepts like “radical abundance” and universal basic income to help sustain their quality of life.

    However, similar to many AI firms delving into labor supply technology, Mechanization has yet to propose new policies for easing the transition into an AI-driven economy, nor do they advocate for enhancing the social safety net or retraining workers for new employment.

    During the Q&A, I raised the ethical question of whether it’s morally right to automate all labor.

    Barnett, identifying as a libertarian, replied that he believes AI fosters economic growth, drives life-saving advancements in medicine and science, and that a society fully automated is preferable to one that still relies on human labor in a low-growth environment.

    “If society as a whole becomes significantly wealthier, I believe the benefits outweigh the downsides for those losing their jobs,” Barnett noted.

    Well, at least they are honest.

    Source: www.nytimes.com

    Creativity at Risk: AI Job Concerns in the Advertising Industry

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    Featuring motion capture technology, Indian cricket legend Rahul Dravid provides custom coaching advice for children. Shakespeare’s original manuscripts can now be rewritten by a trained AI algorithm through a robotic arm. Artificial intelligence is rapidly transforming the worldwide advertising landscape.

    The AI-generated advertisements from Cadbury’s drink brand Bournvita and pen manufacturer BIC were crafted by WPP, an agency group investing £300 million annually in data, technology, and machine learning to maintain its edge.

    Mark Reid, CEO of the London-based Marketing Services Group, has stated that AI is “essential” for the future of the business and recognizes that it will lead to significant changes in the workforce of the advertising sector.


    Recently, Reid announced his resignation as CEO of WPP after nearly seven years, amidst a team of more than 30 members.

    Advertising agencies face challenges from familiar adversaries. Over the past decade, tech giants like Google and Meta (the parent company of Facebook) have built sophisticated tools for publishers and ad buyers, solidifying their dominance online. This year, Big Tech has captured nearly two-thirds of the £45 billion that UK advertisers are spending.




    WPP’s subsidiary VML has harnessed AI for a “one BIC, one book, two classics” campaign targeting Brazilian audiences. Photo: WPP

    Meta is preparing to launch AI tools that enable the complete creation and targeting of advertising campaigns on social media, raising concerns about “creative extinction” and potential job cuts across agencies.

    These tools are set to be introduced by the end of next year. In a recent interview, Zuckerberg described them as “redefining advertising categories.”

    https://www.youtube-nocookie.com/embed/VWVRp82iYRE?wmode=opaque&feature=oembed" title="#DForDreams – Train Your Child With Rahul Dravid And AI" height="480" width="854" allowfullscreen="



    Rahul Dravid in the Cadbury Bournvita campaign featuring AI.

    Agencies of all sizes, particularly large international networks like WPP, Publicis, and Omnicom, are developing their own AI resources while investing in partnerships with tech giants like Meta and Google, striving to retain clients.

    “I’m confident AI will disrupt a significant number of jobs,” stated the CEO of a major advertising firm. “That said, many institutions maintain differing client portfolios, allowing them to perform a broad range of tasks. Staffing remains secure in areas like strategy, consumer insights, and certain conceptual roles, yet production roles are where the impact is most felt.”

    Tech executives endorsed the advantages of AI at last week’s Enders Deloitte conference, which focused on the media and telecommunications sector.

    Speaking at the conference, Stephen Pretorius, referred to as the “AI guy at WPP,” emphasized, “True creativity is an inherently human skill.”

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    Stephan Pretorius from WPP discussing AI’s role in advertising.

    He argued that while AI isn’t a direct substitute for recruitment, institutions must adapt and prioritize client relationships.

    “AI replaces tasks rather than jobs,” he stated. “Many responsibilities we were compensated for are now automated, necessitating a shift in our business models. Team structures and client incentives will also evolve. This is merely a transitional phase.”

    Recently, WPP reported several layoffs across its media division, previously known as GroupM.

    “We live in a scenario where a major holding company is facing a conundrum,” remarked another agency CEO. “Clients expect to invest millions in AI, cutting budgets while speeding up and reducing costs. Many clients are seeking to decrease their fees.”

    Currently, the AI revolution hasn’t made a significant dent in the UK advertising sector.




    Meta, the parent company of Facebook and Instagram, plans to introduce AI tools enabling advertisers to fully create and target campaigns on social media. Photo: Anadoll/Getty Images

    Last year, the IPA reported a record employment figure of 26,787 individuals in media, creative, and digital agencies, representing 85% of the UK’s advertising expenditure.

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    The IPA has tracked market size since 1960 when it recorded 199,000 employees, dipping to just under 12,000 in the early 1990s.

    Advertising expenditure surged dramatically, fueled by the rise of the Internet, from a mere £60 million noted in the pre-television era of 1938.

    By 1982, the UK advertising market was valued at £3.1 billion, and this year it is expected to surpass £45 billion, according to the Advertising Association/WARC that has published annual reports since 1980.

    Agency executives believe that major advertisers face too much brand risk to allow AI to handle the entire creative process.

    “I can often identify a piece of AI-generated work from a mile away—it’s polished, overly idealistic, and somewhat artificial,” observed one creative agency head. “But that’s evolving. I’ve been told creatives could never improve upon the iconic gorilla ad for Cadbury, yet I’m uncertain. AI can ultimately refine enough to respond to highly intuitive concepts.”




    Cadbury’s Dairy Milk ad featuring gorillas playing drums became a viral sensation. Photo: Rex Features

    As the industry speculates about Meta’s plans to replace conventional agencies, Zuckerberg has sought to clarify that AI technologies are primarily aimed at small and medium enterprises.

    “In future collaborations with creative agencies, we’ll likely ensure their involvement,” he remarked at the Stripes Conference, emphasizing this position shortly after his initial comments about Meta’s AI advertising trajectory. “If agencies don’t adapt, they might find themselves throwing together ad compositions only to flood the Meta platform with thousands of variations to see which performs best.”

    Meta and Google maintain they’ve “democratized” advertising by enabling countless small and mid-sized companies to run campaigns without the financial burden of traditional advertising channels.

    “That’s the mask they wear constantly,” stated a head of an advertising agency. “When they emerged decades ago as a novel ad platform, the focus was on small businesses, yet now they are capturing almost two-thirds of the UK’s advertising budget.”

    In the 2000s, big tech firms grew immensely, propelling WPP to become the largest advertising group worldwide, while the CEO of S4 Capital has been dubbed Meta and Google’s ‘Frenemy.’

    Two decades later, the rise of AI within advertising marks the latest technological upheaval that the industry must adapt to in order to thrive.

    Meta’s bold commitment to “automatically generate ads in seconds” signals a transformative shift towards total mechanization of production processes,” asserts Patrick Garvey, co-founder of the independent agency PI. “This isn’t the demise of an agency; rather, it signals the end of outdated institutional paradigms.”

    He champions the small businesses reshaping the landscape but questions whether Meta’s approach to AI resembles “advertising fast food.” For traditional ad firms, it could prove to be a bitter pill.

    Source: www.theguardian.com

    AI in Silicon Valley: Beyond Job Exchange to Total Replacement | Ed Newton Rex

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    I recently discovered a restaurant located in my second-floor room in San Francisco, where a venture capital firm hosted a dinner. The after-dinner speaker was a tech veteran who sold his AI company for hundreds of millions and is now pivoting to investment. His straightforward message to the founders of a newly established startup was clear: the potential earnings from AI far exceed the limited market size of previous tech waves. You can draw on a global workforce, which could mean profits for everyone involved.

    The idea of completely replacing human labor with AI sounds like science fiction. However, it is the explicit goal of a growing number of high-tech elites—individuals devoid of significant drives or resources, yet with ample financial backing and determination. When they declare their intention to automate all labor, we should take their words seriously.

    This perspective is typically confined to closed circles for obvious reasons; one rarely invokes hostility faster than when suggesting that jobs may vanish. Nonetheless, a company named Machicalize challenged this trend last month by openly articulating their vision: “Fully automated economy.” They have successfully garnered funding from some of Silicon Valley’s most prominent figures, including Google’s chief scientist Jeff Dean and podcast host Workspatel.

    Is it truly feasible to automate every job? Elon Musk seems to think so. He suggested that the rise of AI and robotics could lead to a scenario where “None of us have a job.” Bill Gates has also reflected on the future of human work, stating that some roles may not be necessary: “It’s not necessary for ‘most things’.” Predictions for sweeping labor changes come from notable figures such as AI pioneer Geoffrey Hinton and billionaire investor Vinod Khosla. Their insights are not to be dismissed lightly.

    Certain professions appear to be notably resistant to automation. Taylor Swift, Harry Kane, or the next Archbishop of Canterbury are unlikely to be replaced. Famous artists, athletes, politicians, and clergy are among the occupations least susceptible to AI intrusion; unfortunately, they are not careers accessible to everyone.

    Currently, technology cannot substitute for all human labor. AI is prone to errors and lacks the coordination, dexterity, and adaptability of humans. However, cutting-edge technology can already perform many tasks, and the expectation is that it will continue to accelerate in capability.

    GPT-4, one of OpenAI’s large language models, achieved a Top 10% score on the bar exam in 2023. More recent models have proven adept at coding even beyond the skills of their own chief scientists. The demand for freelance writing sharply declined when ChatGPT was released; the same trend occurred in graphic design following the launch of AI image generators. Driverless cars are already a common sight in San Francisco. As Sam Altman stated emphatically, “The job is It will definitely disappear—full stop.”

    While AI captures most headlines, advancements in robotics are also progressing rapidly. While AI may threaten white-collar jobs, robots are increasingly targeting blue-collar work. A humanoid robot is currently undergoing tests at BMW factories. Another model has managed to master over 100 tasks typically performed by human store clerks. Companies are preparing to commence home tests with robots as soon as this year. The Silicon Valley vision for the job market is clear: AI handles thinking, while robots take care of the physical tasks. In this scenario, what role remains for humans?

    Until recently, AI researchers anticipated that achieving artificial general intelligence (AGI)—the ability for AI to perform virtually all cognitive tasks at human levels—was an aspiration far off in the future. However, that perception has shifted. Demis Hassabis, head of Google DeepMind, now claims that “It’ll come soon“—in less than 5-10 years, he says, would not surprise him.

    Of course, these forecasts could be inaccurate. There’s a chance we may enter another AI winter, where chatbot advancements stagnate, robots falter, and venture capital shifts focus to another tech phenomenon. I personally don’t believe this will happen, but it’s a possibility. However, the core question remains: it’s not whether high-tech CEOs and billions in funding are directing efforts toward labor automation, but rather why they are so eager to pursue this goal and how the general populace feels about it.


    The more optimistic viewpoint is that they genuinely believe a post-labor economy will spur significant economic growth and vastly enhance global living standards. The crucial question is whether historical patterns indicate that the fruits of this growth are equitably shared.

    Alternatively, a less charitable interpretation is that it all boils down to money. Venture capitalist Mark Andreessen famously remarked, “Software eats the world.” Many sectors have been absorbed into this tech phenomenon. Regardless of the software developed, human effort remains essential for executing the majority of global work. However, Silicon Valley now sees an opening: a chance to control the entire means of production. If they choose not to seize this opportunity, they would not be true to their innovative spirit.

    • Ed Newton-Rex is a founder of a nonprofit certifying AI companies that respect creator rights and is the founder of Fally Trained. He serves as a visiting scholar at Stanford University.

    Source: www.theguardian.com

    Maximize AI Technology for Successful Job Interviews and Competitive Salaries

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    Charge your research

    The concern about artificial intelligence (AI) replacing numerous jobs is widespread. However, in today’s competitive job market, not leveraging AI effectively as part of your search could mean missing out. Balancing the power of technology with the human touch is a tricky task.

    You can utilize AI models like this chatgpt and Confused to apply for jobs while also researching employers, competitors, and industry trends.

    Career Coach Hannah Salton mentions that some of her clients use AI to gather insights about companies, culture, competitors, and market positioning before applying or networking with small and medium-sized enterprises.

    She explains, “For instance, if targeting ChatGpt, you can ask for recommendations on city-based marketing teams and small businesses. However, AI models may not always be completely accurate, so it’s advisable to cross-check results with other sources.”

    AI can also help identify necessary skills to adapt to industry changes and build a future-proof career.

    For example, jobsgpt from Smarterx’s tools can analyze how roles in your industry are evolving, assess tasks vulnerable to automation, and guide you on acquiring new skills or transitioning to a more demanding field.

    Career Coach Eloise Skinner also suggests using AI to help clients find roles and industries that align with their skills, values, and explore beyond their usual choices. Job seekers can seek recommendations for roles matching specific skills, passions, and experiences using platforms like ChatGpt and Confused.

    She adds, “AI can suggest roles based on past experiences, values, ambitions, and key skill sets. It can also summarize industry and job insights, such as career prospects, work-life balance, and salary expectations, aiding candidates in deciding where to apply.”

    As a human

    Hang Lee, founder of Brainfood adoption, notes that applicants often rush their applications out of fear of missing opportunities, leading them to use AI to speed up processes. This trend has resulted in recruiters receiving an overwhelming number of applications generated by common AI tools.

    “I’m looking for candidates who sound human and show off their unique voice,” said one recruiter. Photo: Jakub Porzycki/Nurphoto/Rex

    Marsab Look, who runs her own stationery brand, recounts receiving over 2,000 AI-generated applications that lacked personal touch, leading to instant rejection most of the time.

    She points out, “Apart from the apparent copy-and-paste job descriptions from AI, many applications sound generic. Among thousands of applications, those that stand out are the ones with a human touch, showcasing their unique voice and genuine effort instead of solely relying on AI for research.”

    Make sure to personalize your applications by citing specific reasons for your interest in the role, such as using the company’s products or aligning with their mission. Tools like ChatGpt, Grammarly, and Hemingway can enhance grammar and clarity in your writing, but remember to prioritize showcasing your personality and genuine enthusiasm over relying solely on AI.

    Defeat the screening system

    Today, many large companies utilize AI-powered applicant tracking systems (ATS) to filter CVs before human review. These systems scan applications for specific keywords and phrases to rank them based on job description matches.

    “One of my clients struggled with their verbal resume,” Salton explains. “They used ChatGpt to highlight key skills concisely while maintaining their authentic voice. It’s essential to maintain a genuine tone.” For instance, you can ask ChatGpt to “enhance my resume, emphasize essential skills and experiences concisely and engagingly while preserving my voice.”

    By signing up for LinkedIn Premium Career (£29.99/month after the free trial), you gain access to various AI-powered job search tools.

    These include profile writing assistants that serve as CV enhancers, improving headings and summaries to stand out. You can also prioritize three job applications per month as top choices and make your profile more appealing to recruiters with validated badges and personalized messages when applying.

    Additionally, you can directly message recruiters even without a connection and use job hunting features on LinkedIn to align your skills and experience with specific job requirements.

    Sharpen your interview skills

    To improve interview skills, combine AI interview tools with practice sessions with real people. Photo: Luminola/Getty

    AI can serve as a valuable tool for practicing interviews. Skinner suggests, “Speaking your answers aloud provides a more authentic practice experience, helping you hear your own voice and identify areas for improvement. It’s crucial to use AI in conjunction with real practice sessions.”

    For instance, ChatGpt’s Advanced Voice mode can offer feedback on delivery, pinpointing weaknesses that need addressing and boosting confidence for the actual interview. Activate the audio mode in ChatGpt’s search bar, provide job details, and request mock interview sessions tailored to specific roles for feedback on your responses.

    Platforms like Google’s Digital Skills Training provide AI-powered career coaching to improve articulation of your accomplishments.

    While AI plays a role in the application process, make sure to prepare adequately for real interviews. Being transparent about using AI for preparation demonstrates adaptability and a practical approach to technology.

    Similarly to your resume, Julia Morgon, director of Recruitment Agency Brook Street, advises, “Don’t forget to infuse your personality into the interview; what makes you unique from your peers is what potential employers see most.”

    Know your value

    Utilize AI-powered platforms like Glassdoor and Payscale to research potential salaries and enhance your negotiation position. These tools can reveal companies that consistently offer above-market pay rates and highlight regional salary discrepancies and variations in remote work.

    As roles evolve, so does compensation. Understanding these trends is crucial for negotiating offers, especially considering the average British worker changes jobs every five years, according to a survey by LV =. Platforms like TotalJobs and Reed provide detailed salary insights based on industry, location, and experience level to better benchmark your value.

    Tom Buckell, director of Recruitment Company ManPower UK, recommends leveraging research insights in negotiations, such as being flexible with shifts, requesting examples, or training opportunities. “This approach provides more options to enhance non-monetary benefits if a potential employer cannot meet your salary expectations,” he adds.

    Source: www.theguardian.com

    Impact of Horrific Content: Ex-Facebook Moderator Shares How Job Took a Toll

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    WWhen James Irungu took a new job at technology outsourcing company Summersource, his manager gave him few details before training began. However, the role was so sought after that his salary almost doubled to £250 a month. Additionally, it provided a way out of Kibera, a vast slum on the outskirts of Nairobi where he lived with his young family.

    “I thought I was one of the lucky ones,” the 26-year-old said. But then he finds himself examining a trove of violent and sexually explicit material, including tragic accidents, suicides, beheadings, and child abuse.

    “I remember logging in one day and seeing a child with a huge slit in his stomach, suffering but not dead,” the Kenyan told the Guardian. When he saw the subject matter of child exploitation, he said, “that’s when I really knew this was something different.”

    He was hired by Samasource to moderate Facebook’s content and eliminate the most harmful posts. Some of the most painful images were etched into his mind, sometimes causing him to wake up in night sweats. He kept it to himself for fear that opening up about his work would cause discomfort, concern, or criticism from others.

    His wife, annoyed by his “secrecy,” gradually became estranged from him. Irungu continued to work for three years, resigned to the possibility of their separation and convinced that he was protecting her. He says he regrets pushing.

    “I don’t think it’s a job for humans,” he says. “I became really isolated from the real world because I started to think of it as a very dark place.” He became afraid to take his daughter away from his eyes.

    “If you ask yourself, was it worth sacrificing your mental health for that money, the answer is no.”

    Another former host said some of his colleagues dropped out after being alarmed by some of the content. But she found purpose in managers’ assurances that their work protects users, including young children like her.

    “I felt like I was helping people,” she said. However, when I stopped, I realized that what I had taken for granted until now was now a problem.

    She recalled screaming in the middle of her office floor after seeing one horrifying scene. She said it was as if nothing had happened, except for a few glances from co-workers and a team leader pulling her aside to tell her he was “going to wellness” for counseling. The wellness counselor told her to take a break and get that image out of her head.

    “How do you forget when you get back on the floor after a 15-minute break and move on to the next thing?” she said. She questioned whether the counselor was a qualified psychotherapist and said the moderator would never escalate a mental health case, no matter what she saw or how distressed she was.

    She was the kind of person who entertained friends at every opportunity, but she rarely left the house, cried over the deaths of people she didn’t know, felt numb, struggled mentally, and at times struggled with suicidal thoughts. Ta.

    “This job damaged me and I could never go back,” the woman said, adding that the lawsuit will impact Africa’s content moderation industry as global demand for such services grows. I hope that you will give me.

    “Things have to change,” she said. “I don’t want anyone to go through what we did.”

    Source: www.theguardian.com

    Maximizing Efficiency: Design Tips from Side Job Experts for Success

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    In today’s world, side jobs have become a central part of many people’s lives. Nearly 50% of British individuals are engaging in side hustles. Nine out of 10 individuals under the age of 34 who have a side hustle plan to turn it into a full-time business. Balancing a side hustle along with a full-time job can be challenging, even for the most skilled multitaskers. Here are some tips for managing multiple gigs without disrupting your work environment.

    Separate and Support Each Other
    View your day job as a source of motivation and insight rather than a hindrance to your side hustle. This approach can make your life more coherent and less draining.

    Surprisingly, finding inspiration in both roles can help you focus better on each gig.

    Reshmi Bennett, an award-winning chef from Surrey, runs a bakery called Anges de Sucre alongside publishing a recipe book for children to promote creativity in the kitchen. Bennett’s bakery has been thriving since its establishment in 2011, and she successfully manages both ventures, especially during the pandemic. Bennett shared, “During the lockdown, I had some free time, so I started writing a novel and selling it on Amazon.”

    “Balancing the two roles can be challenging, so I try to organize my schedule as efficiently as possible. When I’m at my day job, I focus on fulfilling bakery orders and meeting customer needs. I pour all my energy into this. I also try to apply the skills and experiences I gain at the bakery, like recipe testing, to my side hustle. This way, I can continue managing both roles at a realistic pace.”

    Work Smarter
    Emma Thomson, hailing from Romford, Essex, founded a jewelry business while working as a medical secretary for the NHS. Thomson juggled both roles during her lunch breaks for six years before transitioning to full-time entrepreneurship. She shared, “I unintentionally started this business. It began as a coping mechanism for my anxiety and depression, and gradually, people started asking where they could purchase my jewelry.”

    jeweler emma thomson

    Her top advice? “Optimize the time you spend in your main job as much as possible. I worked 10 hours a day for 3 days straight at my NHS job instead of the standard 8-hour day. Although it was long, I had four full days to focus on my business and take a day off if needed. This significantly reduced fatigue and stress. Additionally, scheduling and automating social media content proved to be beneficial, as I didn’t have to personally oversee much of my social media presence.”

    Enhance Your Visual Identity
    Develop a strong visual identity for both your day job and side hustle. Whether presenting internally to your team or creating social media content for your side gig, leveraging your design skills and adaptability can strengthen your personal brand. Improved design skills can benefit you in both roles and help you excel at both. Consider using apps like Adobe Express for creating high-quality content effortlessly.

    Candace Mason runs an herbal tea business for women.

    Outsource Whenever Possible
    Successfully managing a family bus and coach company alongside a women’s herbal tea business requires a diverse set of skills. Candace Mason from Tring, Hertfordshire, emphasizes the importance of good organization. She runs two very distinct and separate businesses, managing her life effectively using online tools like Trello for project management. Having a streamlined calendar and booking system is crucial for efficient operation. Mason acknowledges the value of outsourcing tasks like bookkeeping, recognizing the importance of accepting that one person cannot do everything.

    Stick to Your Schedule Strictly
    Leanne Alston of Bradford, West Yorkshire, owns a private hotel while working full-time as a mental health team manager in the NHS. Alston attributes her success to strict scheduling in all areas of her life. “I create a weekly schedule, detailing my 9-to-5 job requirements and sleep routine. I then allocate time for meeting private clients, organizing social media, exercising, socializing, and personal projects. Some days require specific planning, while others are more relaxed, but having a written schedule eliminates mental clutter and provides visual clarity. Prioritizing health is crucial; neither your day job nor side hustle can thrive if your well-being is neglected.”

    Psychotherapist Leanne Alston

    “I meticulously plan my week to accommodate my 9-to-5 responsibilities, sleep, and personal activities, including meetings with clients, social media management, exercise, and socializing. Some days require specific planning, while others are more relaxed. Having everything written down eliminates mental clutter and provides visual clarity, making it easier to follow through on tasks. One important suggestion is to prioritize your health, as neither your day job nor side project will thrive if your well-being is neglected.”

    Stay True to Yourself
    We often hear about bringing our “authentic selves” to work. While the wisdom of this approach is debatable, aligning your personal and professional personas can simplify your life, especially if you have a side hustle. This consistency reduces the energy spent on adapting between roles and opens up opportunities for cross-pollination.

    Charlotte Walsh started a reusable straw business

    Try Time Chunking
    Charlotte Walsh, an engineer from North Yorkshire, founded a silicone straw company to address the challenge of finding high-quality, reusable straws for her children. Walsh shared, “I launched the business in 2019 and now work full-time, handling everything from order dispatch to securing compliance for high street retail partners. By segmenting tasks into chunks through time chunking, you can prioritize urgent tasks and make significant daily progress without distractions from emails or new requests.”

    Be Punctual
    Lastly, never compromise on punctuality, even if you’re working late nights. Losing your professionalism can lead to a loss of trust, which may require even more time and effort to regain.

    Click here to learn more about Adobe Express.

    Source: www.theguardian.com

    In the job market, standing out with design: 6 tips for creating authentic personal brands

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    Personal branding has undergone a radical transformation. The way we present ourselves in the workplace and in the job market has evolved, thanks to the tools available to us and social changes like the merging of work and personal life. Just 25 years ago, a resume was all you needed to secure a new job. However, today, the internet, social media, and smartphones have revolutionized the way we showcase ourselves to the world. These tools enable us to transform our resumes into polished websites or captivating slide decks. Social media platforms provide an avenue for anyone to cultivate and manage their personal brand in real time.

    The current landscape is witnessing a significant shift as increasingly advanced tools allow individuals to create professional visual and video content using just their smartphones. With the proliferation of platforms and social channels, along with the emergence of technologies like artificial intelligence, the possibilities are virtually limitless.

    So, what are the guidelines for personal branding in this new era?

    Utilize modern tools

    Personal branding expert Jennifer Holloway emphasizes the importance of packaging the best aspects of oneself to appeal to the target audience. Leveraging available tools can help in creating a sophisticated website with striking images and polished videos, crafting engaging social media content, and developing well-designed marketing materials.

    Smartphone editing tools and the abundance of visual content on social media have inadvertently enhanced our visual skills. As the competition grows, standing out from the crowd necessitates a higher level of skill. Apps like Adobe Express can be game-changers by facilitating the creation of eye-catching designs quickly and effortlessly, while tools like generative AI enable the adoption of new design capabilities.

    Be authentic – yet genuine

    Daisy Morris, an Adobe Express evangelist and author, highlights the importance of personal branding reflecting one’s unique traits without feeling overly curated. Authenticity plays a crucial role, but the concept has become somewhat cliché. Striving for authenticity can sometimes create a conflict between one’s true self and their ideal self. It’s vital to strike a balance between highlighting one’s strengths and ensuring all information conveyed is accurate.

    Holloway stresses the need for truthfulness in personal branding to avoid potential discrepancies in the future. The goal is to provide a glimpse of what one would experience in a personal encounter, ensuring alignment between the online persona and the real self.

    Embrace experimentation

    Not every strategy works for everyone, so experimenting with various media, platforms, and channels is essential. Researching suitable channels and focusing efforts on a select few can amplify the impact of a personal brand, fostering a unique message tailored to the chosen audience.

    Exercise discretion in sharing

    While openness is often encouraged, it’s acceptable to maintain privacy in certain aspects of life. Crafting a personal brand should align with one’s comfort level, whether leaning towards transparency or a more professional stance.

    Patiently pursue success

    Social media may promote instant success stories, but building a successful personal brand requires dedication and time. Avoid getting caught up in the allure of rapid success and focus on developing engaging content at a sustainable pace.

    Learn from others

    Observing successful personal brands can offer valuable insights and inspiration. Staying informed about evolving technologies and best practices is crucial to thriving in the dynamic realm of personal branding.

    Learn more about Adobe Express

    Source: www.theguardian.com

    The Leading Platform for Seasoned Traders – Featuring Blockchain News, Insights, TV, and Job Listings

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    RevoluteThe London-based digital banking giant, which boasts over 40 million customers worldwide, has officially launched its long-awaited Revolut X crypto exchange platform, marking a major step forward into the competitive landscape of cryptocurrency trading.

    In response to this monumental development, Alex Saleh, Head of Partnerships at Blockchain Protection Company, said: coin cover, heralds Revolut’s foray into the cryptocurrency trading space as a transformative moment for the UK cryptocurrency ecosystem. Saleh emphasizes that the launch of Revolut played a pivotal role in overcoming previous regulatory uncertainties that stifled innovation in the sector.

    “The launch of a new crypto exchange by Revolut is a major step forward for crypto in the UK and marks a significant shift away from the regulatory uncertainty that has hindered innovation in this space.” Mr. Saleh is adamant.

    Additionally, Saleh praised Revolut’s strong commitment to compliance and security, saying it is a cornerstone of the company’s strategy. By prioritizing a ‘compliance first’ approach, Revolut sets a precedent for responsible crypto trading practices in line with institutional norms, thereby fostering trust and confidence within the market.

    “Revolut’s focus on a ‘compliance first’ strategy is very positive,” Saleh said. “With robust compliance and security measures, this should serve as an example of a mature approach to crypto trading in line with institutional norms and help build trust in the market.”

    Saleh also highlights the importance of Revolut X’s advanced trading platform, which provides users with a 1:1 financial support guarantee. This is an important feature that addresses persistent concerns arising from past incidents such as the FTX fallout.

    “Now Revolut’s millions of users can try their hand at using an advanced trading platform that backs their funds 1:1, something that still plagues traders in the wake of FTX.” Saleh observes.

    In light of Mr. Saleh’s remarks, Revolut’s debut of Revolut This is also proof of our unwavering efforts.

    Source: www.the-blockchain.com

    Darklume Fantasy Metaverse: Presale Now Available – Latest Blockchain Updates, Opinions, Television, and Job Listings

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    Casal di Basso CS, Italy, April 29, 2024, Chainwire

    Dark Rhyme VR a pioneer in the VR entertainment industry, proudly announces the launch of DarkLume VR, a stunning virtual world that allows users to experience fun, entertainment, and fantasy elements like never before.

    DarkLume VR’s mission is to create a dynamic, immersive metaverse where users can connect with like-minded people and experience the epitome of luxury and sophistication.

    Users can participate in presales here.

    Darklume VR transports players to a realm where reality meets fantasy, offering an incredible level of immersion that blurs the lines between the physical and virtual worlds. Through cutting-edge technology and innovative design, Darklume VR provides online gamers with an unprecedentedly immersive experience, delivering stunning visuals and realistic soundscapes. Users can participate in his DarkLumes nightlife with breathtaking dance floors and virtual clubs, stimulate their inner emotions and accumulate digital wealth. Users can build long-term relationships and plan strategies to make money online and become wealthy.

    Darklume CEO said: “With Darklume VR, we are not only redefining the immersive Metaverse experience, but also unlocking new possibilities for creativity, collaboration, and exploration within the virtual realm.”

    The main features of Darklume VR are:

    DLUME currency:

    Participate in activities within DarkLume VR using DarkLume’s native currency, DLUME. It serves as the primary medium of exchange. The more his DLUME coins a user has, the higher the fun and enjoyment rate.

    country citizenship

    All countries in the DarkLume metaverse offer citizenship by holding a minimum number of specific tokens.

    Maintaining citizenship

    To maintain citizenship in a country, users must pay the taxes imposed. If not, their citizenship will be revoked.

    Users can spend DLUME Coins on various activities and earn DLUME Coins within Darklume VR by participating in social activities. Another interesting fact here is that everyone without a source of income will receive unemployment benefits, but they cannot use their wages for personal gain.

    To celebrate the launch of Darklume VR, Darklume is offering a special airdrop worth $15,000.Users can access DarkLume VR Twitter (X) Handle and complete small tasks and become part of the dream world.

    About darkroom

    DarkLume VR presents a unique virtual metaverse concept that combines social interaction, fantasy elements, and a gamified ecosystem. Through his native token, his DLUME, users can fulfill their unfulfilled desires in the virtual world. Its elements include monthly unemployment benefits, tip exchange, social assistance, and participation in social activities.

    DarkLume pushes the boundaries to bring you another level of fun, fantasy, entertainment, and beautiful games to explore. With the continued support of our loyal investors and active community, DarkLume VR strives to achieve levels beyond imagination.

    For further updates, users can join DarkLume VR telegram and follow them twitter

    contact

    Osvaldo Rizzo
    Osvaldo111@gmail.com

    Source: www.the-blockchain.com

    RWA and DePin: The Future of Blockchain – Get the Latest News, Opinions, and Job Opportunities

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    Meme coins and NFTs have outlived their relevance and it is time for crypto investors to focus on RWA projects like DePin and ETFSwap (ETFS).

    For the past three years, meme coins and non-fungible tokens (NFTs) have been one of the major stories in the cryptocurrency space. Thanks to all the hype surrounding these meme coins and NFTs, cryptocurrency investors are making incredible returns on their investments.

    However, there is a shift in the tide that it is time to pivot away from these meme coins and NFT projects and focus on new narratives such as RWA and DePin.

    Real-world assets (RWA) and decentralized physical infrastructure (DePin) are two areas that are gaining traction and could soon become the center of attention.

    RWA and DePin take over meme coins and NFTs

    Tokenization of assets continues to be widely discussed, with BlackRock CEO Larry Fink also Mention We see this as the “next generation of the market.” This led to more emphasis on his RWA project to bring this concept to life. Essentially, these projects utilize blockchain technology to tokenize real-world assets such as real estate, royalties, securities, contracts, ETFs, and artwork.

    This will change the way investors interact with these assets by making them easier to access and trade. In terms of accessibility, asset tokenization further facilitates fractional ownership. This means that an individual can own a portion of an asset that they would not otherwise have the means to access.

    By making it easier to trade these assets, previously illiquid assets will become more liquid. In general, we expect new capital inflows into all asset classes, which will increase liquidity in all asset classes. Therefore, the RWA industry is predicted to become a $1 trillion market by 2030.

    On the other hand, it is worth noting that RWA projects are the tunnel through which this liquidity passes. That is why cryptocurrency investors should pay more attention to them and try to position themselves accordingly.

    Similar to the RWA industry, the DePin market also boasts great potential. As the name suggests, these projects manage physical infrastructure in a decentralized manner with the help of blockchain technology and tokenization. These physical infrastructures include telecommunications, healthcare systems, power grids, and road networks.

    Unlike traditional enterprises, the decentralized mode of operation of these projects helps simplify operations and reduce operating costs. On the other hand, this business model also benefits users, as they are incentivized (in tokens) to contribute to the services provided by these projects.

    Given such huge potential, we expect the narrative shift from meme coins and NFTs to these RWA and DePin projects to happen sooner or later. In fact, these projects may already be the dominant story given that they have recently seen greater success than meme coins and NFT projects this cycle.

    Cryptocurrency expert Michael van de Poppe correctly called it just like before the Bitcoin halving. mentioned After the halving, there will be a shift in the narrative towards RWA and the DePin project.

    ETFSwap (ETFS) Pre-sale increases demand

    of ETFS Wap (ETFS) Token pre-sales are already in high demand, with crypto investors turning their attention to RWA and DePin projects. ETFS is the native token of ETFSwap, a decentralized finance (DeFi) platform that enables on-chain trading of exchange-traded funds (ETFs).

    This explains why investors are rushing to accumulate as many ETFSwap (ETFS) tokens as possible, as this platform is already ranked as one of the most promising RWA projects.

    Meanwhile, with RWA and DePin being projected as the next big thing in the cryptocurrency space, ETFSwap (ETFS) has been instantly singled out as one of the tokens likely to move wildly in this market cycle. Experts also predict that the price of crypto tokens in particular will rise significantly, saying that it could rise in price like Shiba Inu (SHIB) in 2021.

    They say this is possible because ETFSwap (ETFS) has a lot of bullish stories working in its favor. In addition to the RWA story, ETFSwap offers the following ETFs: Spot Bitcoin ETFSince its inception, it has already attracted a lot of attention in the cryptocurrency field.

    Additionally, staking rewards have recently become more attractive to investors seeking passive income. ETFSwap (ETFS) stands out in this regard, as it offers a uniquely attractive yield.

    Privacy concerns continue to be raised in the cryptocurrency space, with users complaining that many projects are not truly decentralized and their data is not protected. This plays out in favor of his ETFSwap, as the ETFSwap (ETFS) platform prioritizes user privacy above all else. For example, Know-Your-Customer (KYC) requirements are not mandatory on the platform, so users don’t have to worry about sharing sensitive data or having their information tracked and exposed.

    Over 30 million so far ETFS Wap (ETFS) The tokens were sold in Stage 1 of the ongoing presale. This pre-sale phase is still ongoing and each token costs $0.00854. However, due to the increased demand for these tokens, we expect them to sell out before the scheduled end date.

    For more information on the ETFS presale, please see below.

    Access ETFSwap Presale

    Join the ETFSwap community

    Source: www.the-blockchain.com

    Elon Musk aims to streamline Tesla with 14,000 job cuts to create a more efficient automaker

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    Tesla, the electric car manufacturer, is reducing its global workforce by more than 10%, which is approximately 14,000 jobs, in response to decreased demand and pricing pressures. CEO Elon Musk made this announcement in a memo that was initially reported by Elektrek. Tesla currently employs 140,473 individuals, as stated in its annual report.

    Musk explained that Tesla’s rapid growth led to duplicated roles and responsibilities, necessitating these layoffs. He noted, “There’s nothing we hate more, but it has to be done. This allows us to be lean, innovative, and greedy for the next cycle of growth.”

    This decision comes after a challenging start to the year for electric car companies, with Tesla reporting lower-than-expected car deliveries in the first quarter of 2024. The company attributed this decline to production challenges and a slowdown in global demand.

    According to critics, including Ross Gerber from Gerber Kawasaki, Tesla’s sales dip in a growing economy highlights concerns about lack of advertising, competition, and leadership. The company aims to boost profit margins amidst price cuts and increased competition.

    The layoffs reflect the broader trend of slowing growth in the electric vehicle market, impacting Tesla’s performance. Tesla’s stock has seen a decline in value, losing around a third of its market capitalization this year.

    Additionally, Reuters reported that BP is scaling back its electric vehicle charging business, reducing its workforce by more than 10% to focus on commercial electric vehicles. The company cited a need for greater precision and effectiveness in achieving its goals.

    Tesla has facilities across the US, Germany, and China. The company has not yet responded to requests for comment.

    Source: www.theguardian.com

    New AI Trading Bot Makes History, Raises $1 Million in ICO – Latest Stories on Blockchain, Opinions, TV, Job Listings

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    London, UK, March 18, 2024, Chainwire

    Bitbot’s presale went well, raising over $1 million in less than eight weeks. This is driven by the growing interest in AI and trading technology, which is drawing attention to this innovative new approach to trading.

    Remote Blockchain Education – Blockchain Partners

    Bitbot seeks to dominate the emerging Telegram trading bot market that is already in the market Well over $1 billion market capitalization, even though it was founded less than a year ago. With its first-of-its-kind non-custodial trading capabilities, BitBot finally allows crypto traders to set up and automate their trades. without it You have to give up your private key.and without it Must Abandon funds before the trade is executed.

    The $1 million raised comes with the expansion of Bitbot’s social media presence.This project has brought together a community of 110k on X over- 20k on telegram In just 8 weeks.

    Bitbot (BITBOT) is Official site.

    Over $6.5 billion in profits within 90 days

    In 2024 alone, the cumulative trading volume of the Telegram trading bot market will be $5.2 billion to over $12 billion, mark important milestones. But the numbers are even more impressive when you consider the troubles the Telegram trading bot space is recovering from.

    In 2023, three prominent cyber threats affected the reputation of the sector. Major companies Unibot and Meastro were hacked. $560,000 and $485,000 Banana Gun lost over 90% of its token value within hours of launch due to several issues.

    Despite these setbacks, Banana Gun currently boasts a market cap of $86 million with a return of +230% from its launch price, while Unibot's market cap is $30 million and its Unibot token has gained +70% from its launch price. achieved profits. These numbers show that the Telegram trading bot market is still very active.

    What's more, Bitbot's non-custodial security approach and anti-lag technology are tactics that directly mitigate the security issues befalling its competitors. Bitbot's team believes this will give his Bitbot the differentiator it needs to take market share from incumbents and potential customers who may have previously avoided the Telegram trading bot space.

    it gives bitbot A particularly strong hand if the BITBOT token enters the public market.

    Bitbot is ready to tackle the recent AI surge

    It's been about a year since ChatGPT's grand opening in 2023, and AI and AI cryptography are very trendy. The size of the AI ​​crypto market is Cleared $40 billion this year10% of the top 50 cryptocurrencies by market capitalization belong to the AI ​​sector.

    As the bull market develops and AI becomes a target Market capitalization is $1 trillionBitbot is in a strategic position to advance these two developments simultaneously.

    Bitbot's Gem Scanner tool leverages artificial intelligence to scan hundreds of active presales for the most promising projects. Similarly, Bitbot's Snipe the Trade feature gives users the opportunity to invest in undervalued projects, carefully researching the market and buying projects before potential pumps emerge. Everything is on autopilot.

    The team recommends that enthusiasts looking at possible projects to support should start by focusing on areas where they have already been successful (AI), and then extend the potential of that area to BitBot Trading and Security. I hope it will be integrated with the functionality.

    Bitbot’s price is currently $0.0122, with 63.9% of the programmed presale profits remaining in the token by the time it closes at a price of $0.0200. Comparing this number to the aforementioned Banana Gun and Unibot returns (230% and 70%), Bitbot significantly outperforms the market given its open market potential and superior security technology. The possibilities are huge.

    Bitbot (BITBOT) is Official site.

    About Bitbot

    Bitbot is a new Telegram trading bot that aims to put institutional trading tools into the hands of retail users, allowing them to trade using a variety of advanced features, including sniping and copy trading.

    Audited by Solid Proof, Bitbot focuses on security and lives by the motto “Your Keys, Your Wallet, Your Assets.” To achieve this objective, the project partnered with Knightsafe to deliver the world's first non-custodial Telegram trading bot to reduce counterparty risk, and enhanced it with anti-MEV and anti-lag technology.

    For more information, users can visit: Website.

    Official website | white paper | social

    contact

    bitbot press room
    bitbot
    pr@bitbot.com

    Remote Blockchain Education – Blockchain Partners

    Source: the-blockchain.com