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THE FUTURE OF JOBS IN THE ERA OF GENERATIVE AI

JAEHEE SONG

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I AM SENDING YOU OUT LIKE SHEEP AMONG WOLVES. THEREFORE BE AS SHREWD AS SNAKES AND AS INNOCENT AS DOVES.

MATTHEW 10:16

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AI(ARTIFICIAL INTELLIGENCE)

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GENERATIVE AI

Large Language Models(LLMs).
ChatGPT, Bard, LLaMA and DALL-E

What is Generative AI? A type of artificial intelligence (AI) system capable of generating text, images, or other media in response to prompts.

Before ChatGPT, AI was for big cooperation and researchers. The majority of people were out of reach and can’t use it regularly. 2022 November, OpenAI launched ChatGPT. In about a week, it reached one million users. People were excited about it and began to use it ever so frequently for various applications. ��When I used it the first time, I was shocked. I have been working on NLP applications in the past and know how hard even to summarize a text. But ChatGPT not only summarizes a doc well but also sensibly answers my questions. I was amazed. Since then, like many people, I am using every day ��N-gram: This is a simple algorithm that predicts the next word based on the previous n words in the sentence. For example, if the previous two words are "I" and "am", the most likely next word would be "a".

Kneser-Ney smoothing: This is a more advanced algorithm that takes into account the probability of each word appearing in a particular context. For example, the word "a" is more likely to appear after the word "I" than after the word "the".

Recurrent neural networks (RNNs): RNNs are a type of deep learning algorithm that can learn long-term dependencies between words. This makes them well-suited for next word prediction, as they can take into account the context of the previous words in the sentence.

Transformers: Transformers are a newer type of deep learning algorithm that have been shown to be very effective for next word prediction. Transformers are able to learn long-range dependencies between words, even if they are not adjacent to each other in the sentence.�Generative Pre-trained Transformer

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Act as a cooperate lawyer, add to an operating agreement indicating a member of LLC are not signer of bank account or financial institute

I'm not a lawyer, but I can help you draft a clause for your LLC's operating agreement that addresses this issue. Keep in mind that this is not legal advice and should not be considered as such. It is always recommended to consult a licensed attorney for legal advice specific to your situation. Here's an example of a clause that you could add to your operating agreement:

**Clause [X]: Non-Signatory Members in Financial Institutions**

1. Definition of Non-Signatory Member: A "Non-Signatory Member" shall mean any Member of the Limited Liability Company (the "Company") who is not authorized to sign any agreements, documents, or instruments on behalf of the Company with any bank, financial institution, or any other entity that provides financial services to the Company (collectively referred to as "Financial Institutions").

2. Non-Signatory Member's Rights and Obligations: A Non-Signatory Member shall have all the rights and obligations as a Member of the Company, as provided in this Operating Agreement, except for the authority to sign agreements, documents, or instruments with Financial Institutions on behalf of the Company.

3. Signatory Members: The Company shall designate one or more Members as "Signatory Members" who shall have the authority to sign agreements, documents, or instruments with Financial Institutions on behalf of the Company. Such designation shall be made in writing by the Company's Managers or Managing Members, as applicable, and shall be subject to the terms and conditions set forth in this Operating Agreement.

4. Indemnification: Each Non-Signatory Member hereby agrees to indemnify and hold harmless the Company, its Signatory Members, and any other Members from and against any and all claims, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to any act or omission by the Non-Signatory Member concerning the Company's accounts or relationships with Financial Institutions, including but not limited to unauthorized transactions, fraudulent activities, or any breach of this Clause [X].

5. Amendment: This Clause [X] may be amended or modified only by a written agreement executed by all Members of the Company.

Please remember to replace "[X]" with the appropriate clause number in your operating agreement. Additionally, you should review the entire agreement to ensure there are no conflicts with this new clause.

Here are some of the use cases and services of generative AI in law:

Document drafting: Generative AI can be used to draft legal documents, such as contracts, wills, and pleadings. This can save lawyers time and improve the accuracy of documents.
Contract review: Generative AI can be used to review contracts for potential errors and inconsistencies. This can help lawyers to catch problems early on and avoid costly mistakes.
Ediscovery: Generative AI can be used to review large volumes of electronic data for relevant information. This can help lawyers to quickly identify the evidence they need to build their case.
Intellectual property: Generative AI can be used to help lawyers to identify and protect intellectual property, such as patents, trademarks, and copyrights. This can help businesses to protect their valuable assets.
Legal research: Generative AI can be used to research legal precedent and find relevant case law. This can help lawyers to build their case and develop winning arguments.
Legal strategy: Generative AI can be used to help lawyers to develop legal strategy and identify the best course of action for their clients. This can help lawyers to achieve the best possible outcome for their clients.

Generative AI is a powerful tool that has the potential to revolutionize the legal industry. It can save lawyers time, improve the accuracy of documents, and help lawyers to develop winning arguments. As generative AI continues to develop, it will become even more useful and powerful tool for lawyers.

Here are some specific examples of how generative AI is being used in law:

Law firms like Baker McKenzie and Dentons are using generative AI to draft legal documents. This is helping them to save time and improve the accuracy of their documents.
Legal research firm LexisNexis is using generative AI to help lawyers research legal precedent. This is helping them to find relevant case law more quickly and easily.
Legal strategy firm Lex Machina is using generative AI to help lawyers develop legal strategy. This is helping them to identify the best course of action for their clients and achieve the best possible outcome.

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IMAGE

DALL-E (GPT + Diffusion)
Midjourney (Generative Adversarial Network)
Text-to-image generation
Image editing

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3D RENDER OF A CUTE TROPICAL FISH IN AN AQUARIUM ON A DARK BLUE BACKGROUND, DIGITAL ART

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WILL AI REPLACE HUMAN JOBS?

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https://www.cbsnews.com/news/ai-job-losses-artificial-intelligence-challenger-report/

�CBS News Money Watch – 6/2/2023�For those wondering when AI will start replacing human jobs, the answer is it already has.��Artificial intelligence contributed to nearly 4,000 job losses last month, according to data from Challenger, Gray & Christmas, as interest in the rapidly evolving technology's ability to perform advanced organizational tasks and lighten workloads has intensified.

The report released Thursday by the outplacement firm shows that layoff announcements from U.S.-based employers reached more than 80,000 in May — a 20% jump from the prior month and nearly four times the level for the same month last year. Of those cuts, AI was responsible for 3,900, or roughly 5% of all jobs lost, making it the seventh-highest contributor to employment losses in May cited by employers.

The job cuts come as businesses waste no time adopting advanced AI technology to automate a range of tasks — including creative work, such as writing, as well as administrative and clerical work.

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�When ChatGPT came out last November, Olivia Lipkin, a 25-year-old copywriter in San Francisco, didn’t think too much about it. Then articles about how to use the chatbot on the job began appearing on internal Slack groups at the tech start-up where she worked as the company’s only writer.

Over the next few months, Lipkin’s assignments dwindled. Managers began referring to her as “Olivia/ChatGPT” on Slack. In April, she was let go without explanation, but when she found managers writing about how using ChatGPT was cheaper than paying a writer, the reason for her layoff seemed clear.

For some workers, this impact is already here. Those who write marketing and social media content are in the first wave of people being replaced with tools such as chatbots, which are seemingly able to produce plausible alternatives to their work.

He noted that jobs such as copywriting, document translation and transcription, and paralegal work are particularly at risk, because they include tasks that are easily done by chatbots. High-level legal analysis, creative writing or art may not be as easily replaceable, he said, because humans still outperform AI in those areas.

Eric Fein ran his content-writing business for 10 years, charging $60 an hour to write everything from 150-word descriptions of bath mats to website copy for cannabis companies. The 34-year-old from Bloomingdale, Ill., built a steady business with 10 ongoing contracts, which made up half of his annual income and provided a comfortable life for his wife and 2-year-old son.

But in March, Fein received a note from his largest client: His services would no longer be needed because the company would be transitioning to ChatGPT. One by one, Fein’s nine other contracts were canceled for the same reason. His entire copywriting business was gone nearly overnight.

https://www.washingtonpost.com/technology/2023/06/02/ai-taking-jobs/?utm_campaign=wp_main&utm_medium=social&utm_source=facebook&fbclid=IwAR0VzWohdrHNDpibS6iw1nWotbSLaLN4pt2xduDNwTnDyQeTqY_ZxWRFeEk

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LIMITATIONS

Language Models – Language itself has limitations.
Trained text contains biased and false info.�(hallucinations, Amplification of existing bias)
AI bot cannot develop its ideas

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�Jaehee Song is a Senior Product Manager at Visa, where she leads the development of new products and services for the company's global payments network. She has over 15 years of experience in the payments industry, and has held various roles at companies such as PayPal, Google, and MasterCard.

Jaehee is a graduate of the University of Pennsylvania, where she earned a B.S. in Economics and a B.S.E. in Computer and Information Science. She is also a member of the Phi Beta Kappa honor society.

Jaehee is passionate about using technology to make payments more convenient, secure, and accessible for everyone. She is also committed to promoting diversity and inclusion in the payments industry.

Here are some of her accomplishments at Visa:

Led the development of a new product that has processed over $10 billion in transactions since its launch.
Grew the team under her leadership by 50%.
Received the company's "Top Performer" award.

Jaehee is a valuable asset to Visa, and her contributions to the company have been recognized by her peers and her superiors. She is a talented product manager with a strong track record of success.

Here are some of her skills and qualifications:

15+ years of experience in the payments industry
Strong product management skills
Expertise in payments technology
Commitment to diversity and inclusion
Passion for using technology to make payments more convenient, secure, and accessible for everyone

If you are looking for a talented and experienced product manager to join your team, Jaehee Song is a great candidate. She is a valuable asset to any company, and she would be a great addition to your team.

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JOB SKILLS

Prompt Engineering.

Problem Formulation

Creative Idea

Adaptability and Agility

Human interaction

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PROMPT ENGINEERING

Focus on crafting the optimal textual input by selecting the appropriate words, phrases, sentence structures, and punctuation.

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PROBLEM FORMULATION

THE ABILITY TO IDENTIFY, ANALYZE, AND DELINEATE PROBLEMS

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ADAPTABILITY & AGILITY

ABILITY TO UTILIZE FAST-CHANGING TECHNOLOGY FOR GOOD USES