Over 30% of Jobs Openings in Creator Economy Startups Are for Engineering Roles in 2024

The creator economy will be worth an estimated $480 billion by 2027 according to Goldman Sachs, but this has to do with more than just the creators who represent the face of the industry. In spite of the fact that this is the case, there have been widespread layoffs in the industry that are quite similar to the layoffs seen in other industries around the world.

With all of that having been said and now out of the way, it is important to note that engineering jobs in creator economy startups are still in high demand. According to a new report released by Creator Economy Jobs, 30.3% of the jobs that were posted in the first quarter of 2024 were engineering roles. The rise of AI might have something or the other to do with this.

The second highest number of job openings was for sales roles, which represented 16.1% with all things having been considered and taken into account. Marketing roles also comprised 12.7% of the sum total. It bears mentioning that a significant proportion of the jobs that are available in the creator economy are mid-level roles. 43.8% of the positions that were listed in the first quarter of 2024 adhered to the mid-level label, with 22.5% being experienced roles.

21.8% were for managerial positions, whereas 5.8% were for directors. Interestingly enough, entry level positions were some of the lowest out there, with just 4.6% offering roles to people who are still rather new to the industry.

Another fact that was presented within these findings was that 40% of all jobs came from the US. The second highest proportion came from remote roles, or 11.5% to be precise. After that, Germany and the UK tied for second place with 5%. As for the city that had the highest percentage of jobs in the creator economy, San Francisco came out on top with 7.6%, followed by Los Angeles with 6.5%. New York came in third with 4.2%, followed by London with 4.1%, and then Jakarta rounded off the top 5 with 3.2%.

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by Zia Muhammad via Digital Information World

GPT-4 Outperforms Humans in Persuasion by 82% in This New Study

A recent study conducted by researchers at Swiss Federal Institute of Technology Lausanne, or EPFL for short, suggested that GPT-4 is better at persuasion than human beings by a margin of just under 82%, or 81.7% to be precise. The study involved conducting debates between 820 people around a wide range of topics. These topics included highly charged subjects such as whether or not race should be considered in the admission criteria of colleges, as well as low risk topics like whether or not the penny should continue to be circulated as legal tender.

It is important to note that the people that participated in this study were often paired up with an AI. This resulted in the finding that AI was able to more effectively provide persuasive arguments. When personalization wasn’t factored into the equation, AI was able to be more persuasive by 21.3%, but personalization took this all the way to 81.7% with all things having been considered and taken into account.

It bears mentioning that the participants were often able to tell when they were speaking to a chatbot in some way, shape or form. In spite of the fact that this is the case, this did not change how persuasive they found the LLM using chatbot’s arguments to be at this current point in time. One thing that can be gleaned from this is that these writing patterns are rather easy to pinpoint, since 75% of the people that participated in the study were able to discern the true identity of the chatbot.

The relative simplicity of the prompts seems to suggest that LLMs will have no issue being persuasive to humans in the near to distant future. This also indicates that malicious actors may be able to use them for their own nefarious purposes, including situations wherein they are attempting to conduct a social engineering attack. As a result of the fact that this is the case, people must be educated about the dangers of believing what they read online.

Image: DIW-Aigen

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by Zia Muhammad via Digital Information World

Learn These Tricks For Financial Management As soon as You Turn 18 Because They are Going to Help You a Lot

Not everyone can say that they have knowledge about finance management. Even though some people think of it as something simple and not important, financial management is everything but that. As soon as people turn 18, they should know how money works and how to manage it so it can help them in future. This article is going to talk about some points that everyone should know when it comes to their money. So let’s start.

Top 10 Lessons that Can Help you with Money Management

Following are the top 10 lessons that undergraduate students should know when it comes to their money and which things they should invest their money on.

1- Evaluate Your Money and Things You Want to Do With It

Before you start planning financial management, evaluate everything on your own. What do you want to do in your life with the money you have? Most young people dream of buying a house with their money. Don't feel pressured if buying a house is not your goal. If you want to save money to travel the world, that's okay too.

2- Investing is the Best Option

Start investing as soon as possible. This is called Compound Interest. The longer your money is being invested, the more compound interest works its magic. Even if you can only contribute a small amount of money at first, it’s okay because your investment matters.

3- Do Not Waste Your Money on Unnecessary Things

Only buy things that you need and do not spend on extra items. Take your time and think about whether you really need a thing or you are just wasting your money. Note down what you spend in a month as it will help you identify how you are spending your money.

4- Discuss Your Finances With Everyone

Talking about money used to be taboo, but not anymore. Talking about finances openly is helping to break down barriers and gaining knowledge.

5- Learn to Bargain when Needed

Bargaining is a skill that is very important if you want to save some of your money. You might be surprised how much you can save by simply asking for a lower price or requesting utilities to be included in your monthly rent.

6- Don’t be Afraid to Ask Questions About Money

Don't be afraid to ask questions about money and finances that you don’t understand. Have you ever seen unexpected charges on your bank statement or doctor's bill? Asking about them can help you a lot in making sense of money.

7- Learn from Your Past Financial Mistakes

Financial mistakes happen sometimes when people are learning to manage their money, but don’t let them empower you. Use your financial mistakes as lessons and learn to manage well from them.

8- Make Friends who Have Some Financial Goals as You

Make friends with people who share the same financial values and goals as you. Make friends who have the same financial status as you and discuss you money with them.

9- Plan Some Low Cost Activities for Yourself

Keep your budget in mind and plan activities that don’t take huge amounts of money from you. There are many free and low cost activities that you can choose from and they will not leave a dent on your budget.

10- Wealth Isn’t Always About Money

Your happiness shouldn’t only revolve around money and its management. It doesn’t matter how much money you own and how good you are in managing it, what matters the most if your happiness and comfort.

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by Arooj Ahmed via Digital Information World

Top 10 Freelance Jobs That Are Getting Popular in 2024

We all know that freelancing is getting popular with each passing day. According to a survey, about 64 million Americans did freelance work one way or another. With these large numbers, the future of freelancing and freelancers seems bright. There are a lot of advantages of freelancing like working from home, great employee rates, better pay, etc.

Many people like to freelance because they have jobs in various fields. According to the State of Remote Freelance Jobs Report by FlexJobs, remote freelance jobs have grown about 20% in the last year. For your better understanding, the following is a list of some remote freelance jobs that you can start doing anytime with the right skills.

1- Virtual Assistant

Virtual assistants are getting very popular among small businesses and entrepreneurs. These people hire freelance assistants who handle all their administrative tasks virtually. The role of a virtual assistant is just like any other assistant as they coordinate calendars, respond to emails, and perform other admin-related tasks. The annual salary of a virtual assistant ranges from $43,043 to $50,640.

2- Graphic Designer

If you are creative and know how to create beautiful designs using graphics designing softwares, freelance jobs for graphic designers are also seeing a rise. A freelance graphic designer designs logos, brochures, or any other visual media that represents a job or organization. The average salary of a Freelander graphic designer is $44,460.

3- Bookkeeper

A freelance bookkeeper keeps up with all the account details of a business or an organization. A bookkeeper helps business owners to manage their resources and make an estimate of their profits and losses. They also help with taxes. The average annual salary of a bookkeeper is $83,728. With more expertise in the work, the individual can get a higher salary.

4- Project Manager

A project manager is responsible for managing a project for a business or organization. These freelancers mostly work on a contract basis and provide management services from the comfort of their homes. The average salary for a project manager is $87,750 in the US.

5- Copywriter

If you are someone who loves writing, there are many freelance jobs available that seek individuals for copywriting opportunities. Freelance copywriters can write for websites, email marketing, campaigns, digital marketing, and much more by using your writing skills. As a freelance copywriter, you can earn $58,644 on average.

6- Customer Services Representative

If you love representing people and organizations, you can work as a freelance customer services representative. There are many jobs available for them on different freelancing websites. You can work as a freelancer as well as a contract employee, and can make $49,966.

7- Social Media Specialist

If you have a background in social media or digital marketing, you can work for multiple clients by freelancing as a social media specialist. As a social media specialist, you will have to make different kinds of social media campaigns and help your clients optimize their social media profiles and pages. It is a freelance job that pays well with an average salary of $48,447.

8- Video Editor

A video editor reviews and transforms raw videos from clients into edits and changes their sound, arrangement, and cuttings to make the video more pleasing to watch. Video editors are also one of the freelancers who are in high demand in the freelance market. Its average salary is $88,706.

9- Marketing Manager

Marketing managers plan out strategies for different clients to engage the target audience toward a certain product. Although marketing managers are mostly seen as full-time employees in different organisations, there are also freelance opportunities for them that they can perform remotely too. Being a freelancing market manager can get you a $92,674 salary on average.

10- Communications Specialist

The role of a communications specialist is to communicate with the public on behalf of the head by making press releases, media content, and social media advertising. It is a great job to build awareness for a company before the whole world. A freelance communications specialist can make $94,191 on average in America.

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by Arooj Ahmed via Digital Information World

A New Study Suggests that AI is Capable of Taking Over Managerial Roles in Large-Scale Research Projects

A new study by ESMT Berlin shows that AI is taking over many key roles in a lot of organizations and it feels like AI is capable of doing tasks that require a lot of cooperation, allocation and motivation. There are many studies and researches talking about how AI is taking people’s jobs but now researchers have also found out that AI can work efficiently as a manager too. The researchers from ESMT studied AI not as a regular employee but as a manager. They found out that AI is good at managing tasks such as data collection and data analysis. Algorithm Management (AM) is a good example of it as it is changing the way research projects are being conducted.

The study published in Research Policy says that AI can not only take over the work of human managers, but can also do it way better than them. The researchers studied algorithm management and concluded that AI performs five most important functions that make it a good candidate for managerial positions. These functions included planning, organizing, coordinating, directing and support learning.

The researchers got to know more about the AI capabilities by discussing it with AI developers, project participants and interviewing some organizers. The aim of all of this was to understand how AM works and how much more effective it can be in management functions. It was soon found out that adopting AM can improve research productivity by managing large-scale and complex projects better than humans.

The study also found out that projects that use AM are larger than the projects that do not use AM. These projects also have access to AI tools so this means that AM requires technical infrastructure for the projects to scale. Even though AI can take over managerial roles, it doesn’t mean that roles and positions of managers in the companies are going to end. Managers and human leaders will still be required to make strategies and to perform social tasks that AI is still unable to do.

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by Arooj Ahmed via Digital Information World

Report Shows which Jobs are Going to be in Demand in the Next 5 Years

According to the Global Risks Report 2024, there are a lot of jobs that are going to be in demand in 2024 and the next few years and so. As there is an increase in AI development, many new jobs are going to be available that are related to AI. But that doesn't mean that only AI and technology-related jobs are going to be in demand. By 2027, AI-related jobs are going to increase by 40%. The report also shows some other jobs that are not technology-related but will increase a lot in the coming years.

According to the reports, agricultural equipment operators will see the largest employment gains, and heavy truck and bus drivers are going to be the second most employed jobs. It may seem like a surprise to many people but vocational education teachers are going to have one of the highest employment rates. There is also going to be high employment for mechanics and machinery repairs. Business development professionals, building frames, and related trader workers are also going to be in demand. Jobs for higher education teachers and electrotechnology engineers will also get the highest employment gains.

As the world is progressing, some jobs are growing faster. The number one fastest-growing job in the next five years is going to be an AI machine learning specialist. The number two fastest growing job is going to be sustainability specialists. There will be many companies that will actively seek sustainable specialists for their company. Business intelligence and information technology analysts will have a lot of jobs in 2024. Fintech engineering jobs will also see a rise. Data analysts and scientists are also going to be in demand. As robots are going to be common, robotics engineering jobs will also be a lot. Jobs for agricultural and equipment operators will also see a rise. In conclusion, a lot of jobs in analysis fields will be in high demand. All of these jobs are going to make up more than half of overall jobs in the next 5 years.

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by Arooj Ahmed via Digital Information World

AI Can Vastly Reduce the Carbon Footprint of Humans, Here's How

The type of environmental impact that AI can end up having is essential to consider because of the fact that this is the sort of thing that could potentially end up hastening the impending climate catastrophe. However, it turns out that AI might actually end up producing lower carbon emissions than humans, thereby making it more sustainable than might have been the case otherwise. AI emits hundreds of times less greenhouse gasses than human beings do when it comes to writing and creating images with all things having been considered and taken into account.

This comes from a study that was published in the journal Scientific Reports and co-authored by faculty at the University of California-Irvine along with the Paul E. Wilson Distinguished Professor of Law at KU, Andrew Torrance. It bears mentioning that this study compared the carbon footprint of AI such as ChatGPT, Bloom AI, and a bunch of others to the amount of carbon emitted by humans performing the exact same tasks.

With all of that having been said and now out of the way, it is important to note that AI emitted anywhere from 130 to 1,500 less global warming causing carbon for each page of text that it generated as compared to humans. As for illustration systems, their carbon footprint was several orders of magnitude lower per image as well, or between 310 or 2,900 less carbon dioxide equivalent.

The way that the carbon footprint of people was calculated involved a consultation with the Energy Budget, which estimates the amount of energy required to perform any given task. Humans use energy to run word processors and other forms of software that are necessary for creative processes, and AI might actually use less resources than them in this regard.

It will be interesting to see where things go from here on out, since AI has often been seen with suspicion when it comes to its overall carbon footprint. This study seems to suggest that it has a lot more to offer in this arena than people tend to give it credit for at this current point in time.

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by Zia Muhammad via Digital Information World