Kenny Porcari, chief market strategist at SlateStone Wealth, talks about upcoming technology and says investors need to pay attention to all sectors of Making Money.
the beginning of Artificial intelligence (AI) These tools are poised to improve efficiency in the workplace and may increase security even if malicious actors try to exploit them.
Jeethu Patel, Cisco’s executive vice president and general manager of security and collaboration, told FOX Business that the launch of ChatGPT was a “catalytic moment for AI,” adding that AI could be improved without necessarily eliminating jobs. He explained that he sees several areas where productivity can be improved. As cyber security.
He pointed out that there is a lack of talent in this field. cyber security space, “There are approximately 3 million to 4 million unfilled jobs each year,” he said, adding that AI’s ability to serve as a force multiplier to improve the efficiency and dexterity of security professionals tips the scales against the bad guys. He explained that it was a possibility.
“For the past 30 years, the prevailing narrative has been that the enemy, the bad guys, have the advantage. Why is that? They have to be right once. They have to be right every time when defending. “That’s why they’ve done it. It’s an inherent advantage,” he explained.
Artificial intelligence is getting a lot of attention, but are companies adopting AI roles too quickly?
Jeetu Patel, Cisco Executive Vice President and General Manager of Security and Collaboration, will be the keynote speaker at Cisco Live! It will be held on June 7, 2023 at the Michelob Ultra Arena in Las Vegas. (Photo by Ethan Miller/Getty Images/Getty Images)
“I think this is the first time in my career, at least the last 30 years, that I felt very strong hope that there was light at the end of the tunnel and that the scales were going to tip in favor of the defenders.”That’s because of the advantage of data. ,” Patel said.
“The automation that AI can provide allows us to predict events much more accurately before they occur, allowing us to respond to, remediate, and recover from those events in near real-time.”
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| CSCO | Cisco Systems Co., Ltd. | 48.57 | +0.09 | +0.19% |
Software development is another area where Patel sees great potential benefit from AI tools.
“Several Programmers using ChatGPT It delivers on all of these aspects as an aid or assistant to help you write better code, write more code, and run faster,” Patel said. The hope is that software companies will be able to innovate faster as a result. ”
Cisco’s Jeethu Patel told FOX Business that cybersecurity and software development are areas where AI can help companies facing talent shortages. (Photo illustration by Omar Marques/SOPA Images/LightRocket via Getty Images / Getty Images)
Does CHATGPT give you better career advice than your boss? Almost half of Gen Z say yes
He added that he thought it was unlikely that AI would eliminate it. Software Development There is currently a shortage of qualified workers in this sector, which will reduce employment in the short term.
“I think that’s still a long way off because AI is very good at tasks, but it’s not good at jobs yet. Eventually, it will be good at that.” he added. “But with such a shortage of skilled developers and people’s desire for more technology far greater than our ability to develop, it makes much more sense to continue to improve people’s productivity. I think it’s appropriate.”
What is artificial intelligence (AI)?
Software developers using AI tools like ChatGPT will become more efficient to fill the talent gap in this field, Jeethu Patel said. ((Photo Credit: Jaap Arrians/NurPhoto via Getty Images) / Getty Images)
Patel further said that over the long term, AI tools will evolve to provide new insights, including: real world innovation Rather than simply relaying information that is already part of humanity’s knowledge base.
“The most interesting thing about this is that people now think of these systems as the body of human knowledge. Knowledge is finite. It’s the body of knowledge that humanity had, and this What a system does is that it works collectively.” Get the knowledge right,” Patel said. “I think that’s a very short-term view of AI.”
CLICK HERE TO GET FOX BUSINESS ON THE GO
“The long-term view of AI is that it will actually generate unique insights that did not exist in the collective body of human knowledge. cancer treatment Thanks to AI, we will be able to find things that didn’t exist today. Because AI can not only correlate, but also derive unique insights that we never thought of,” he explained.
“This, to me, shows both the potential of this technology, but also the dangers if it falls into the wrong hands. We will carefully consider these points as we move forward. There is a need,” Patel added.
