Could chatbots replace white collar jobs?

Hey folks,

In today’s update:

📰 News: Meta bets on Chatbots to boost engagement

🛠️ Tools: Upscale your old images

🎲 Misc: Youtube testing auto-generated summaries of videos

Reading time is 4 minutes. Let’s dive in 🤿

 Big Tech

Meta bets on Chatbots

Chatbots like ChatGPT can certainly enhance productivity, but the impending evolution of chatbots is now targeting white-collar jobs.

Meta is gearing up to launch chatbots with different "personas", that can take the form of different characters, for example -

• Tax-bot: Chatbot trained on Tax-code to help you file taxes.

• Finance-bot: Chatbot to help you manage your money.

• Travel-bot: Chatbot to advise on travel options personalized to your style.

• Warren-bot: Chatbot to help you invest like Warren Buffet.

The core idea is the chatbots can be trained to mimic a general job like an accountant or a personality like Gordon Ramsey or Bill Gates.

Meta is not the first - Character.ai, a startup offering customizable AI companions with distinct personalities recently raised $150 million in series A with a valuation of nearly $1 billion!

Bigger Picture: Engagement rate on platforms owned by Meta has been declining. According to some estimates, engagement on Threads is down 70% since launch! Mark Zuckerberg is betting on AI chatbots to boost engagement with plans to launch “AI Agents” for billions of users!

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 Today in Tech

• Video Summaries: YouTube experiments with AI auto-generated video summaries - Techcrunch

• Search Engines: Google updates its generative AI-based Search Generative Experience with more multimedia, faster responses, and additional context for links in its summary box - Verge

• AI in Healthcare: An early-stage study of 80K+ women in Sweden who underwent a mammogram between April 2021 and July 2022 finds AI-supported screening detected 20% more cancers - CNN

• China’s Smartphone limits: China releases draft rules to limit minors' smartphone use, including two-hour limits for teens aged 16 to 18 - Bloomberg

• Apple’s India Plan: Take a look at Apple's plans to move more of its supply chain to India, with aim to build 20%+ of all iPhones in India - Nikkie