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illuminem summarises for you the essential news of the day. Read the full piece on CNBC or enjoy below:
🗞️ Driving the news: A recent MIT study found that AI could replace 11.7% of the U.S. workforce, worth $1.2 trillion in wages
• The research, using the Iceberg Index, shows how AI is already affecting industries like finance, healthcare, and professional services, extending its impact beyond just tech hubs to rural areas and all 50 states
🔭 The context: The Iceberg Index, developed by MIT and Oak Ridge National Laboratory, provides a detailed look at how AI is reshaping tasks, skills, and labor flows across the U.S.
• Unlike traditional automation forecasts that focus mainly on tech roles, this tool simulates the broader effects of AI on the entire labor market, helping policymakers plan for reskilling and workforce adjustments
🌍 Why it matters for the planet: AI's increasing role in the workforce has environmental implications
• As automation expands, the demand for energy-intensive technologies like AI and robotics rises, potentially increasing energy consumption and carbon emissions, especially from data centers
• Addressing these concerns is crucial to ensuring AI's growth aligns with sustainability goals, such as reducing carbon footprints in sectors like manufacturing and logistics
⏭️ What's next: State governments, including Tennessee and Utah, are already using the Iceberg Index to inform their AI workforce strategies
• Future legislative efforts may focus on reskilling initiatives and finding ways to protect industries like healthcare and manufacturing that still depend on physical labor
💬 One quote: “One of the most useful features is the ability to drill down to local detail.” – North Carolina State Senator DeAndrea Salvador
📈 One stat: AI is poised to replace 11.7% of the U.S. workforce, or $1.2 trillion in wages, according to MIT’s Iceberg Index
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