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close video This is a skill artificial intelligence will never have: Jessica Melugin

Tech expert Jessica Melugin discusses Twitter CEO Elon Musk’s concerns about artificial intelligence and his claims the U.S. government had access to Twitter DMs on The Evening Edit.

The rise of artificial intelligence (AI) technologies have the potential to revolutionize workflows and automate aspects of many jobs, but not all professions will be impacted in the near term, according to a recent report.

Generative AI and large language models (LLMs) are technologies that have received a lot of attention lately. Both use algorithms to take existing, human-created content, like text, images, audio and video, to create new content and analyze vast quantities of data. 

In most professions, AI will serve as a complementary tool for human workers that helps them become more productive by automating some tasks rather than putting those people out of work, according to a report by Goldman Sachs. 

The report found that, while about two-thirds of U.S. jobs are exposed to some degree of AI-informed automation, the average number of tasks in the daily workload for a given job ranged between a quarter to one-half, leaving a significant amount of work for humans. 

CRYPTO CRIMINALS BEWARE: AI IS AFTER YOU

AI-informed chatbots like ChatGPT are tools that can complement tasks in a number of professions. (Karl-Josef Hildenbrand/picture alliance via Getty Images / Getty Images)

"Although the impact of AI on the labor market is likely to be significant, most jobs and industries are only partially exposed to automation and are thus more likely to be complemented rather than substituted by AI," Goldman Sachs Research economists Joseph Briggs and Devesh Kodnani wrote.

The Goldman Sachs study found that several industries had relatively little exposure to automation by AI technologies, including cleaning; installation, maintenance and repair; construction and extraction; production; and transportation moving. Each had over half of their tasks viewed as not being automatable with AI largely serving as a complementary tool for the remainder of those tasks.

AI LEADER SAYS TECH WILL REVEAL PROBLEMS OR COULD ‘GO OFF THE RAILS;' HUMANS MUST STILL ‘RIDE HERD’ OVER IT

An iPhone using the Google Bard generative AI language model in Lafayette, Calif., March 22, 2023. (Smith Collection/Gado/Getty Images / Getty Images)

Generally, fields less exposed to AI-driven automation tend to involve manual and outdoor work or specialized knowledge. 

The Goldman Sachs report found health care practitioners and support staff; fishing, farming, and forestry; personal care; and protective services had less than one-quarter of their tasks that weren’t exposed to AI-driven automation. Although each had at least a portion of their tasks that could be complemented by AI.

Most of the industries analyzed by the Goldman Sachs researchers were viewed as fields AI would be complementary to human workers for most of their daily tasks, including architecture and engineering; arts, design, entertainment, media and sports; business and financial operations; community and social service; computers and math; education; management; and sales.

THE AI RACE TO FIND TAX LOOPHOLES IS ON

OpenAI is a company using artificial intelligence technology that launched ChatGPT, an artificial intelligence chatbot launched in November 2022 using reinforcement learning techniques both from machine and human feedback. (Nicolas Economou/NurPhoto via Getty Images / Getty Images)

Industries with a higher proportion of tasks that are exposed to automation and replacement by AI include the legal field along with office and administrative support, which each had about one-third of their tasks assessed as being replaceable by AI. The types of tasks in these professions that are automatable tend to be those that can be performed by chatbots or transcription tools. But more than half of those professions' tasks were viewed as likely to be complemented by AI.

The authors of the Goldman Sachs study noted that while broader adoption of AI tools could replace some jobs, the increased productivity and economic output could lead to the creation of new types of jobs spawned by the wave of innovation, like how the rise of information technology created several new professions like internet marketers and web designers.

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"Every job function is starting to see the potential of AI tools," Jeetu Patel, EVP and GM for security and collaboration at Cisco, told FOX Business. "What’s interesting is, historically, technology and automation have first impacted areas like process work rather than knowledge work. But the way AI is starting to take effect, the creative professionals are seeing a fair amount of use of AI.

"Productivity of a creative worker, someone like a product marketing professional, can be meaningfully augmented with AI. Today, everyday operations around writing, summarization, research, education and learning and more are becoming very logical areas to add a ton of value with the use of AI."

FOX Business’ Breck Dumas contributed to this article.

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Trump signs resolution killing IRS DeFi broker rule

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Trump signs resolution killing IRS DeFi broker rule

Trump signs resolution killing IRS DeFi broker rule

US President Donald Trump on April 10 signed a joint Congressional resolution overturning a Biden-era rule that requires decentralized finance (DeFi) protocols to report to the country’s tax authority, the Internal Revenue Service.

The rule would have required DeFi platforms, such as decentralized exchanges, to file their gross proceeds from crypto sales and include information on those involved in the transactions.

Trump was widely expected to sign the bill, as White House AI and crypto czar David Sacks said in March that the president would support killing the measure.

This is a developing story, and further information will be added as it becomes available.

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Environment

This electric excavator has battery swap tech that lets it recharge in minutes [update]

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This electric excavator has battery swap tech that lets it recharge in minutes [update]

The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.

UPDATE: telematics announcement.

Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.

XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.

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We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).

XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?

Easy in, easy out

XCMG battery swap crane; via Etrucks New Zealand.

The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.

You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.

Telematics announcement at bauma

XCMG showcases green, smart tech at bauma 2025; via XCMG.

Earlier today, XCMG launched its next-generation Xrea Global Telematics Platform, integrating IoT, big data, cloud computing, and AI to enable what it’s caling, “seamless cross-border fleet management.”

The new telematics platform supports a dozen languages via PC and mobile interfaces, and offers real-time diagnostics, predictive maintenance, and data-driven optimization of both the vehicle and the vehicle’s batteries, empowering equipment managers and fleet operators to track fleets across town, or across time zones.

“XCMG remains committed to advancing engineering technology to empower a sustainable future. Our mission is to deliver efficient, intelligent, and eco-friendly lifecycle solutions for global clients,” said Mr. Yang Dongsheng, Chairman of XCMG Group and XCMG Machinery. “Today, 19% of our product portfolio comprises green innovations under our ‘Green Mountain’ new energy line, with full electrification across all series underway.”

SOURCE | IMAGES: XCMG; via PR Newswire.

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Environment

Tesla (TSLA) is having a terrible month, and it’s only April 10th!

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Tesla (TSLA) is having a terrible month, and it's only April 10th!

On today’s troubling episode of Quick Charge, we explore all the troubles befalling Tesla (and TSLA stock) in the month April – with top executives fleeing the ship, demand plummeting, sales slipping, government incentives at home and abroad under threat, and a raft of receipts brought on by an OpenAI lawsuit hitting the brand, it’s already a bad month for Elon … and there’s still 20 more days to go!

None of this even touches on the $43 million “backlogged” rebate scandal Tesla’s facing in Canada that’s being blamed for people’s negative attitudes about the brand (ha!) or the fact that neither the long-promised Roadster 2.0 or the Tesla Semi will see production anytime this year, either.

The word you’re looking for when you think of Tesla these days is, “cooked.”

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

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New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

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Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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