What's New Today: White collar jobs in India see a 19% drop in hiring in July
Fast-Track Insights: Crypto exchange FTX to resume service for global customers
A trademark application for "GPT-5" has just been submitted to the USPTO by OpenAI, a famous American artificial intelligence research facility. This action raises the possibility that a more developed version of its ground-breaking language model is imminent, pointing to a substantial potential development in the domains of artificial intelligence and natural language processing.
White-collar hiring fell 19% in July compared to the same month last year as numerous industries, including FMCG, retail, insurance, and education, saw cautious hiring attitudes, according to a survey. According to the Naukri JobSpeak Index, which was published on Tuesday, there were 2,573 job posts for white-collar employment in July. This is a decrease of 8% from the previous month and a reduction of 19% from July 2022.
According to a new McKinsey Global Institute analysis, more women are projected to lose their employment over the next decade as sectors contract owing to rapid advancements in generative artificial intelligence (AI) and automation technologies. Considering the rapid advancement of AI, it is estimated that around one-third of the working hours in the American economy would be automated by 2030. Customer service, office support, and food services are likely to contract more, while demand for STEM, construction, creative, legal, and business professionals is expected to increase. Read More
old cryptocurrency exchange If the group agrees, FTX has offered to divide its creditors into several classes of claimants and has established a route for one class of claimants to relaunch the FTX exchange with outside investors. The file, which was published Monday night, U.S. time, divides the claims into different categories. Customers of its U.S. exchange come in second (referred to as "U.S. customers"), followed by those of its NFT exchange, followed by general unsecured claims, secured claims, and subordinated claims. The first category is comprised of claimants of FTX.com's offshore exchange, also known as "dot com customers."
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