Sponsored by

In today’s newsletter:

1. 📖 AI and the Future of Work: Findings from IMF

2. 🤖 OpenAI Launches the GPT Store

3. 🏫 Program by MIT about AI

4. 🎤 One prompt you can use at work today

Read time: 4 minutes

1. AI and the Future of Work: Findings from IMF

The International Monetary Fund (IMF) recently released a staff discussion note entitled “Gen-AI: Artificial Intelligence and the Future of Work.”

Here are three main highlights:

1. AI's Global Economic Impact: AI is poised to dramatically transform the global economy, potentially leading to increased productivity, but also job displacements and shifts in labor markets.

2. Employment Exposure to AI: Approximately 40% of global employment is exposed to AI's influence, with advanced economies having a higher exposure (around 60%) due to cognitive-task-oriented jobs.

3. AI and Inequality: AI may exacerbate income and wealth inequality. Unlike previous automation trends, AI's displacement risks extend to higher-wage earners, potentially widening the income gap.

What does this mean for leaders?

Here are three takeaways for leaders:

1. Strategic AI Integration: Leaders should strategically integrate AI into their businesses, focusing on enhancing productivity while being mindful of potential job displacements.

2. Invest in Skill Development: As AI reshapes job requirements, investing in employee training and development, especially in AI-related skills, is crucial for maintaining a competitive workforce.

3. Adapt to a Changing Labor Market: Recognize the dynamic nature of the labor market due to AI and be prepared for shifts in workforce demands, focusing on flexibility and adaptability in human resource strategies.

2. OpenAI Launches the GPT Store

A few months ago, OpenAI announced that they’re rolling out custom versions of GPTs that you can create to help you with specific purposes.

Recently, OpenAI launched their "GPT Store” (similar to an App Store), where anyone can publish their GPTs to the store.

What does this mean for leaders?

This means you can create your own customized GPTs for you or your team’s tasks (and even get paid for those based on usage sometime in the near future).

Here’s one that I created myself (called Writer Better Emails at Work). It’s free to use if you’re a ChatGPT Plus subscriber.

3. Program by MIT about AI

This week’s newsletter is sponsored by MIT’s online short course about AI. More details below.

Artificial Intelligence online short course from MIT

Study artificial intelligence and gain the knowledge to support its integration into your organization. If you're looking to gain a competitive edge in today's business world, then this artificial intelligence online course may be the perfect option for you.

On completion of the MIT Artificial Intelligence: Implications for Business Strategy online short course, you’ll gain:

• Key AI management and leadership insights to support informed, strategic decision making.

• A practical grounding in AI and its business applications, helping you to transform your organization into a future-forward business.

• A road map for the strategic implementation of AI technologies in a business context.

Get More Information

4. One Prompt You Can Use at Work Today

Here’s a practical ChatGPT Prompt you can use at work:

For example,