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California State University on Tuesday unveiled what is believed to be among the largest and most ambitious efforts in higher education to champion artificial intelligence with an initiative to provide tools and training in the groundbreaking technology across the system's 23 campuses. With generative AI's ability to create new content learned from training data, CSU is working to ensure students in the nation's largest and most diverse public university system have equitable access to the technology. Nearly half of CSU's 450,000 students are low-income and about 30% are the first in their families to attend college. The university has enlisted Gov. Gavin Newsom's office and nearly a dozen leading tech companies -- including Microsoft, Meta, Nvidia, OpenAI, Intel, LinkedIn, Amazon Web Services and Alphabet -- to join academics on an advisory board to help identify AI skills needed in the California workforce and provide advice on how best to teach them. Industry partners will also provide internships and apprenticeships to give students real-world experience with AI on the job.

The rapid advancement of Generative AI (Gen AI) technologies, particularly tools like ChatGPT, is significantly impacting the labor market by reshaping job roles and skill requirements. This study examines the demand for ChatGPT-related skills in the U.S. labor market by analyzing job advertisements collected from major job platforms between May and December 2023. Using text mining and topic modeling techniques, we extracted and analyzed the Gen AI-related skills that employers are hiring for. Our analysis identified five distinct ChatGPT-related skill sets: general familiarity, creative content generation, marketing, advanced functionalities (such as prompt engineering), and product development. In addition, the study provides insights into job attributes such as occupation titles, degree requirements, salary ranges, and other relevant job characteristics. These findings highlight the increasing integration of Gen AI across various industries, emphasizing the growing need for both foundational knowledge and advanced technical skills. The study offers valuable insights into the evolving demands of the labor market, as employers seek candidates equipped to leverage generative AI tools to improve productivity, streamline processes, and drive innovation.

The Swedish buy-now-pay-later company Klarna has become something of a poster child for the potential benefits of generative artificial intelligence. The company relies on AI to create and tailor promotional images and to draft marketing copy, saving millions of dollars. Earlier this year it said an AI chatbot assistant was doing the work of 700 human customer-service agents, which it forecast would boost profits by 40 million this year. Klarna's approach highlights generative AI's promise for powering businesswide systems, like customer service. U.S. businesses are investing in AI, and they're eager to see such gains.

The sectors of the global economy most heavily exposed to artificial intelligence (AI) are witnessing a marked productivity increase and command a significant wage premium, according to a report. Boosting hopes that AI might help lift the global economy out of a 15-year, low-growth trough, a PwC study found productivity growth was almost five times as rapid in parts of the economy where AI penetration was highest than in less exposed sectors. PwC said that in the UK, one of the 15 countries covered by the report, job postings that require AI skills were growing 3.6 times faster relative to all job listings. On average, UK employers were willing to pay a 14% wage premium for jobs that require AI skills, with the legal and information technology sectors experiencing the highest premiums. The uptick in productivity in sectors more exposed to AI – such as financial services, information technology, and professional services – was marginally higher in the UK than the global average.

Microsoft's latest trends index shows, unsurprisingly, that workers are capitalizing on the AI craze. But Microsoft's report also says that they're doing so reluctantly, and not saving an enormous amount of time in the process. Microsoft released its 2024 Work Trends Index on Tuesday, reporting what workers outside the company are telling them about how they work. Obviously, the key topic was AI, the foundation of Microsoft Copilot and Copilot-powered applications like Microsoft 365. Microsoft said that its data was acquired by surveys with 31,000 people across 31 countries, alongside "labor and hiring trends" from LinkedIn and "Microsoft 365 productivity signals."

Much like the internet did in the 1990s, AI is going to change the very definition of work. While change can be scary, if the last three years taught us anything, it can also be an opportunity to reinvent how we do things. I believe the best way to manage the changes ahead for employees and employers alike is to adopt a skills-first mindset. For employees, this means thinking about your job as a collection of tasks instead of a job title, with the understanding that those tasks will change regularly as AI advances. By breaking down your job into tasks that AI can fully take on, tasks for which AI can improve your efficiency, and tasks that require your unique skills, you can identify the skills you should actually be investing in to stay competitive in the job you have. This story is from the WIRED World in 2024, our annual trends briefing.

For emerging professions, such as jobs in the field of Artificial Intelligence (AI) or sustainability (green), labour supply does not meet industry demand. In this scenario of labour shortages, our work aims to understand whether employers have started focusing on individual skills rather than on formal qualifications in their recruiting. By analysing a large time series dataset of around one million online job vacancies between 2019 and 2022 from the UK and drawing on diverse literature on technological change and labour market signalling, we provide evidence that employers have started so-called "skill-based hiring" for AI and green roles, as more flexible hiring practices allow them to increase the available talent pool. In our observation period the demand for AI roles grew twice as much as average labour demand. At the same time, the mention of university education for AI roles declined by 23%, while AI roles advertise five times as many skills as job postings on average. Our regression analysis also shows that university degrees no longer show an educational premium for AI roles, while for green positions the educational premium persists. In contrast, AI skills have a wage premium of 16%, similar to having a PhD (17%). Our work recommends making use of alternative skill building formats such as apprenticeships, on-the-job training, MOOCs, vocational education and training, micro-certificates, and online bootcamps to use human capital to its full potential and to tackle talent shortages.

This study responds to six key questions about the impact that the demand for Artificial Intelligence (AI) skills is having on labour markets. What are the occupations where AI skills are most relevant? How do different AI-relevant skills combine in job requirements? How quickly is the demand for AI-related skills diffusing across labour markets and what is the relationship between AI skill demands and the demand for cognitive skills across jobs? Finally, are AI skills leading to a wage premium and how different are the wage returns associated with AI and routine skills?

Chinese employers have recently advertised for nearly a million employees with technical AI skills, according to an analysis from US think tank the Center for Security and Emerging Technology (CSET). The think tank sought to better understand China's AI workforce, to better comprehend the industry landscape, and to make sense of what China's needs mean for US demand for AI talent. "The AI workforce is global and in high demand, and a large share of top-tier technical talent in the United States is foreign-born. Given China is a major producer of AI-skilled talent, understanding its AI workforce could provide US policymakers with important insight," states a CSET Issue Brief titled "China's AI Workforce Assessing Demand for AI Talent". The document explains that such assessments are not easy given limited and opaque information streams from sources like Chinese ministries, state-sponsored media and anecdotal reporting.