A daily tech news roundup from Economic Times Tech, highlighting Skyroot Aerospace's unicorn status and the increasing pay gap within the AI sector.
Why it matters
The mention of a growing AI pay gap is significant as it highlights an emerging socio-economic challenge within the rapidly expanding AI industry. This trend can impact talent acquisition and retention strategies for companies, influence investment decisions by signaling market demand for specialized AI skills, and raise ethical and policy questions regarding fair compensation and economic inequality in the age of AI. It underscores the broader societal implications of AI's growth beyond technological advancements.
The article reports that an Indian spacetech company reached unicorn status, but also points out a widening pay gap in the AI industry. This means that as AI jobs become more common, the difference in salaries between the highest and lowest paid AI professionals is increasing, which could lead to fairness issues and affect how companies hire AI talent.
The US power grid operator PJM Interconnection is facing strain due to the increasing demand from data centers, largely driven by AI workloads, and is proposing significant changes to its infrastructure and pricing models.
Read on TechCrunch →MIT Technology Review's 'The Download' newsletter discusses the current state of AI, termed 'AI malaise,' and touches upon AI's societal impact and emerging technologies like 'babymaking tech.'
Read on MIT Technology Review →EU agrees to ban AI-generated sexualized deepfakes and delays high-risk AI rule implementation.
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