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New AI Tools Are Disrupting Design Careers and Slashing Costs


New AI Tools Are Disrupting Design Careers and Slashing Costs
By Daniel Lee
Roughly 36 million U.S. citizens are currently working in occupations which are threatened by automation.
By 2030, approximately 20 million manufacturing jobs will be lost as a result of automation.
Up to 30% of jobs could rely on AI by 2035.
Since the Industrial Revolution in the mid 18th century (almost 300 years ago), there have been growing societal fears relating to the potential scope of technology eventually becoming competitive enough so as to make the work of humans obsoleteand consequently deprive them of their livelihoods.
New AI Tools Are Disrupting Design Careers and Slashing Costs ....

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As yields creep up, BOJ's Kuroda calls for 'stably low' rates


By Leika Kihara
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday stressed the need to keep interest rates “stably low” to protect an economy ravaged by the COVID-19 pandemic, warning that prospects for a recovery were fraught with uncertainty.
Kuroda also said the central bank was already flexibly purchasing exchange-traded funds (ETF) under current guidelines, pointing to a recent slowdown in buying as Japanese stock prices hover at multi-year highs.
“It’s important now to keep the entire yield curve stably low as the economy suffers the damage from COVID-19,” Kuroda told parliament, when asked whether the BOJ will allow long-term rates to deviate further from its 0% target. ....

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