AI hits the job market already weak

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China’s passion for adopting artificial intelligence comes completely as economic growth slows down, endangered millions of routine functions.

“I plan to get rid of 360 (security technology). In this way, the company can provide tens of millions a year,” said the founder and President Zhou Hunghi in Chinese. Friday night videoTranslation by CNBC. It was seen more than 191,000 times on the famous Chinese platform alone.

Zhu, who has approximately 12 million followers on Weibo, said he is trying to use the company’s artificial intelligence tool for the company to prepare a press conference for the product himself within five days. The AI ​​Agent Plus search tool is scheduled to be released on Wednesday.

Whether this is just a trick for another sales by ZHou, which goes by the red shirt “The Great Uncle Zhou Hongyi”, the video takes the emerging truth: CDs to reduce costs may grow in the functionality in an increasingly AI.

Shying signs accumulate. Last week, the American financial giant Citi said it was so Reducing 3500 technical jobs in China By October. It is based in the United States man Last month, CEO Dario Amani said Artificial intelligence can lead to unemployment rates of 10-20 % Over one to five years.

In China, more companies Discussing the competence driven by artificial intelligenceEspecially in marketing and coding. The Meituan Food Giant told the investors in late May that about 52 % of the new code was created by artificial intelligence, an increase of 27 % discovered in March.

Shaw Wimbing, Hanghang AI partner and director of operations, said that major Chinese technology companies are clearly asking new youth recruits to obtain Amnesty International’s skills.

“If the student does not know how to use artificial intelligence, it will be very difficult to get a job,” said Shaw in Mandarin, translated by CNBC.

Hanghang AI focuses on training on artificial intelligence skills. On June 6, the “Global Ai” platform was launched to help entrepreneurs obtain primary funding for artificial intelligence projects, even if they are still working in one day.

Shu said so far, the platform includes 70 participating investors and at least 50 projects. He added that the goal is Invest in 1000 projects over three yearsWith each one of 10,000 yuan from three supporters, totaling 30,000 yuan to start each project.

The Chinese authorities encouraged efforts to embrace artificial intelligence and robots, while increasing support for work. The Ministry of Finance announced on Tuesday that it has it 66.74 billion yuan (9.29 billion dollars) allocation For employment benefits this year. On Monday, the Ministry of Industry and Information Technology and the Ministry of Civil Affairs announced a two -year pilot program Test of the use of robots to care for the elderly.

Continuous work concerns

Artificial intelligence is certainly not about to hit every one industry suddenly.

But since the Covid-19s is the ongoing story, which was seen on Chinese social media and in unofficial conversations, is a state of uncertainty in jobs.

Graduate record. More people get some support from their parents and follow higher degrees. Companies cut wages, back bonuses and closing departments, if not completely closed. Individuals and companies turned into social media and selling products via Livestream, where competition is still fierce, but the possibility of success overnight.

The complexity of the labor market is the local culture that works on awards, even if it means additional work conferences and the regular weekend. Unhealthy competition is the most obvious in the electric car market in China, where fierce competition led to the race, which prompted government warnings Stop what is called colloquially as “Neijuan”, or engaging.

This is not even the economic impact of escalating commercial tensions, which led to a 34 % drowns In China, exports to the United States last month, showed official data on Monday.

About 16 million jobs in China It is linked to the export of the United States, and Goldman Sachs has been estimated.

The monthly business surveys of May showed a shrinkage in the labor market in all fields.

The data indicates a situation rarely seen in the past decade, as Goldman Sachs Shan indicated in the publication analysis last week. “The labor markets are very weak, especially in construction and small companies.”

The report said that “the weak labor market can be an incentive” for further motivation. Senior leaders in China usually hold a political meeting in late July.

The United States of China agrees on the frame after the London talks. The United States and China reached a trade agreement, representatives of both sides said on Wednesday after a The second day of high -level conversations In London. US President Donald Trump and Chinese President Xi Jinping spoke on the phone late last week, which settled on what has become a charged relationship with both countries accusing each other of violating the Geneva Convention.

The consumer price index in China decreased in May. He was Negative reading, fourth consecutive. Core CPI, which excludes food and energy prices, recovered from the last time in January. Commercial data indicates modest growth in exports in May, while Imports fell much more than expectedAnother sign of poor demand for home.

The United States has exaggerated the developments of Huawei slices. This is how the CEO of the Chinese telecommunications company says, in an interview published on front page From the Chinese Communist Party newspaper on Tuesday. Ren Chengvy said that Huawei chips are one generation behind those from the United States, the company finds ways to make up for the gap.

Chinese stocks and Hong Kong in early trade went up on Wednesday after they said leaders from the United States and China to them Agreement on trade.

China’s main mainland CSI 300 It rose 0.8 % to its highest level in more than two weeks, while Hong Kong Hang Singh Fahras – Which includes major Chinese companies – increased by 0.6 % from 11 am local time.

CSI 300 has lost about 0.97 % while the Hang Seng index has gained more than 21.54 % so far this year.