Upwork’s Strategic Embrace of AI Could Push the Stock to $25, According to Experts!

Yet, the other side of the coin is immense opportunity and new job creation. The WEF report also projects about 170 million new jobs will be created this decade due to macro trends including AI and technology – a net gain of ~78 million jobs globally after accounting for the losses. Entire new categories of work are emerging around AI – from AI model developers, prompt engineers, and data annotators, to AI ethicists and automation specialists. In fact, many of the fastest-growing roles are in tech and data: demand for AI and machine learning specialists, big data analysts, and process automation experts is skyrocketing. We’re witnessing a classic technological upheaval where certain skills become obsolete even as new skills become highly valued. The net effect, if managed well, could be positive – AI can boost productivity and create growth, which in turn generates jobs. But it requires a workforce that can upskill and transition into those new roles. In macro terms, this puts a premium on continuous learning and adaptability across the labor force.