BVM Caribbean May

9 BUSINESS VIEW CARIBBEAN VOLUME 10, ISSUE 5 OPENING L INES The rise of artificial intelligence (AI) is exciting, to say the least. Revolutionary new technology is quickly advancing, and always improving, leaving the world to wonder just what it could become capable of next. However, some experts have already begun to raise concerns about the “dark side” of this new technology, questioning its safety and what its unbelievable capabilities could be used for. Closer to home, the UN Economic Commission for Latin America and the Caribbean (ECLAC) is likewise raising concerns, cautioning in a recent report that the region must take care not to let AI advancements lead to lower formal jobs and higher job informality when the region as a whole is already struggling to restore labor conditions in the wake of the COVID-19 pandemic. On the heels of that report, Caribbean Employment Services Inc. believes it would be prudent for governments, businesses, organizations and other decision-making bodies to take steps to protect formal jobs. Caribbean Employment Services Inc. is a market-leading digital talent acquisition service that aims to connect the top talent from the Caribbean with hiring managers, HR professionals and decision-makers in companies both within the Caribbean as well as abroad. Further, it aims to provide the region’s jobseekers and those who are Could AI Replace Jobs In The Caribbean? source: Caribbean Employment Services, first published May 03, 2023