{"id":12124,"date":"2023-09-02T04:41:49","date_gmt":"2023-09-02T04:41:49","guid":{"rendered":"https:\/\/mysourcefunding.com\/leadership\/millions-more-could-get-overtime-chatgpt-for-business-and-mental-health-spending-skyrockets\/"},"modified":"2023-09-02T04:41:50","modified_gmt":"2023-09-02T04:41:50","slug":"millions-more-could-get-overtime-chatgpt-for-business-and-mental-health-spending-skyrockets","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=12124","title":{"rendered":"Millions More Could Get Overtime, ChatGPT For Business And Mental Health Spending Skyrockets"},"content":{"rendered":"
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This is the published version of Forbes’ Future of Work newsletter, which offers the latest news for chief human resources officers and other talent managers on disruptive technologies, managing the workforce and trends in the remote work debate. Click <\/em>here<\/em> to get it delivered to your inbox every Friday!<\/em><\/p>\n

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This week saw big generative AI news for corporations, as Walmart announced its own AI feature for employees, My Assistant, which will be trained on its corporate information. The GenAI-powered desktop and mobile app is aimed at helping 50,000 employees write faster drafts, summarize documents and generate ideas. Meanwhile, OpenAI launched an enterprise tool for businesses; with the company behind ChatGPT noting that corporations \u201cown and control [their] business data in ChatGPT Enterprise.\u201d<\/p>\n

But AI isn\u2019t just disrupting the professional world\u2014it\u2019s also upending education and the edtech market. My colleague Emmy Lucas had a profile this week of entrepreneur Andrew Grauer, who founded Course Hero, an online library of class notes, essays and exam answers, and is now building out parent company Learneo through acquisitions. One of the companies he\u2019s added, AI-powered writing tool QuillBot, has a user base that\u2019s 30% professionals and non-students, \u201ca really huge unlocking moment for us,\u2019\u2019 Grauer told Lucas. For more on what he\u2019s building as well as AI\u2019s impact, check out Emmy\u2019s story here. Hope it\u2019s a great long weekend.<\/p>\n

ARTIFICIAL INTELLIGENCE<\/strong><\/h3>\n

Five-year-old Intenseye, which uses artificial intelligence to analyze workplace images and videos to identify safety issues, is raising new funding that is expected to triple the company\u2019s valuation, Forbes<\/em>\u2019 David Jeans reported. The venture capital firm Lightspeed Venture Partners is leading the Series B round, valuing the workplace safety AI company at approximately $300 million, Jeans reports.<\/p>\n

As more companies add positions based on artificial intelligence\u2014including Chief AI Officers\u2014the debate continues on whether AI will create or kill more jobs. Contributor David Armano argues that many of these trendy job titles could also go away, pointing to executives who\u2019ve moved on from jobs leading metaverse projects to those leading generative AI.<\/p>\n

POLICY + PRACTICE<\/strong><\/h3>\n

On Wednesday, the Department of Labor announced a new rule proposal that would extend overtime protections to millions of salaried workers who make around $55,000 or less, extending the number of people who are eligible due to \u201coutdated and out-of-sync rules,\u201d the department said in a press release.<\/p>\n

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The IRS, responding to employer pleas, has postponed a new rule requiring older, higher paid 401(k) participants to make their catch-up contributions into after-tax Roth accounts instead of pre-tax traditional accounts. The IRS has postponed that until 2026, Kelly Phillips Erb reports.<\/p>\n

HYBRID WORK<\/strong><\/h3>\n

The war over work from home versus return to office plans seems like it will never end. But one approach\u2014\u201cflexibility with intentionality\u201d\u2014should end the debate over remote work, writes contributor Sander van \u2018t Noordende, the CEO of Randstad.<\/p>\n

FACTS + COMMENT<\/strong><\/h3>\n

A new study by RAND Corp. and the healthcare company Castlight Health found that Americans\u2019 spending on mental health services during the early years of the pandemic grew significantly.<\/p>\n

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  • 50%:<\/strong> The percentage by which spending on mental health services leapt in the pandemic\u2019s early years, according to the study.<\/li>\n
  • 53.7%:<\/strong> The percentage by which spending on mental health services grew among adults who have private insurance during the same period.<\/li>\n
  • \u201cHigh levels of psychological distress\u201d:<\/strong> Forty-one percent of U.S. adults said they\u2019d experienced this at some point during the pandemic, a Pew Research Center survey found separately, in March.<\/li>\n<\/ul>\n

    VIDEO<\/strong><\/h3>\n

    The Entrepreneur Who Wants To Create One Million Black Businesses By 2030<\/p>\n

    Watch<\/p>\n

    STRATEGIES + ADVICE<\/strong><\/h3>\n

    Don\u2019t underestimate workplace bullying. It\u2019s organizational trauma that\u2019s too often ignored.<\/p>\n

    Anxious about a new job you\u2019re starting post-Labor Day? Try these strategies.<\/p>\n

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    Looking to make meetings more candid? Add breaks.<\/p>\n

    These calendar secrets can help you be a better manager.<\/p>\n

    Need more executive presence? Here\u2019s how to establish it.<\/p>\n

    QUIZ<\/strong><\/h3>\n

    U.S. private employers added far fewer jobs than expected in August, according to an ADP report released Wednesday morning, showing cracks in the labor market. As tracked by ADP, job growth slowed by more than 40% month-over month. How many jobs were added in August?<\/p>\n

      \n
    1. 177,000<\/li>\n
    2. 312,000<\/li>\n
    3. 200,000<\/li>\n
    4. 159,000<\/li>\n<\/ol>\n

      Check if you got the answer right here.<\/p>\n

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      ACROSS THE NEWSROOM <\/strong><\/h3>\n

      Get our weekly rundown on the future of climate tech with our Current Climate newsletter<\/strong>. Sign-up here to get tomorrow’s edition.<\/p>\n

      Thanks for reading! Follow us on Twitter<\/a> for by-the-minute updates on the latest business and financial news throughout the day.<\/p>\n<\/div>\n