Cognition Labs just announced the world’s first AI Software Engineer called Devin.
Here’s a demo of what Devin can do:
What does this mean for leaders?
AI coding assistants are not new, but Devin is unique because it can develop software just as a software engineer would. It can handle everything from A to Z, including writing code and fixing bugs.
Early reviews indicate that it is pretty promising, which potentially puts software engineering jobs at risk.
For leaders, this means they can reduce costs by utilizing tools like Devin when considering hiring for software engineering positions, at least for entry-level roles.
Europe’s AI Act Gets Final Approval
The European Parliament has given final approval to the Artificial Intelligence Act, which establishes the first comprehensive AI regulations worldwide and will be implemented later this year.
What does this mean for leaders?
The AI Act adopts a risk-based approach, classifying AI systems by their potential risks and imposing stricter requirements on high-risk applications, such as medical devices or critical infrastructure.
In some cases, the Act bans specific AI applications if they’re considered to have unacceptable risks.
This means that business leaders should prepare for the new regulations by evaluating and classifying their AI technologies according to the risk-based approach
Worldwide Impact of AI on Workplace Productivity
A recent survey highlighted by Axios shows the following results from 17 countries on how AI has impacted workplace productivity:
There are significant regional differences based on this data: India (67%), Indonesia (65%), and the UAE (62%) report the highest increases in productivity due to AI.
In contrast, the U.S. (17%), Sweden (14%), and the U.K. (18%) report the least positive impact on productivity from AI.
What does this mean for leaders?
The main concern (for leaders in the West) is the fact that Western countries (including the US and Canada) are not only showing lower worker productivity but also a higher degree of hindered productivity.
As Axios put it:
Why it matters: Business leaders fear that pessimism about AI in the West could make the U.S. and allied countries less competitive.
Experts say that the earlier companies and individuals experiment with generative AI, the quicker they will find ways to improve productivity and creativity.
Source: Axios
One Prompt You Can Use at Work Today
Here’s a practical ChatGPT Prompt you can use at work:
Draft a short agenda to give a [objective] to a team. The duration of the meeting is [duration].
For example,
Draft a short agenda to give a project status update to a team. The duration of the meeting is 30 minutes.
If you would like to see more of those prompts, check out my free book called: ChatGPT for Better Business Communication
You can grab it for free by clicking the link and subscribing to the newsletter.
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