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Software developers were still worth more in 2023 than capital, but artificial intelligence could change that

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Software developers were still worth more in 2023 than capital, but artificial intelligence could change that

Even in an era of expensive borrowing and high interest rates, many business executives are voting for software engineers in the specialized contest between capital and software engineers. Will this change in the future with generative AI?

Software engineers are more valuable than capital, according to 62% of software and talent leaders surveyed for the 2023 Tech Hiring Trends report by technical interviewing company Karat. Software engineers are now valued at least three times their total compensation, according to 55% of respondents, up from 45% in 2022.

“Finding the right engineer that fits the right company in the right stage can amplify it greatly,” said Arjun Bhatnagar, co-founder and CEO of consumer privacy company Cloaked who has a lengthy background in software engineering.

As with many positions, generative AI may change the nature of work for software engineers or even their value to companies. According to the latest Generative AI at Work report from future-of-work software and media brand FlexOS, 17% of knowledge workers report using generative AI at work to automate coding and software development tasks.

The use of AI tools like ChatDev, screenshot-to-code, and “GPT for coding,” according to FlexOS founder and CEO Daan van Rossum, also serves as host and writer of the “Future Work” podcast and newsletter, portends a time when the distinction between technical and non-technical workers will become increasingly hazy.

According to the most recent bi-annual CNBC Technology Executive Council survey, businesses from all sectors of the economy intend to increase their spending over the next six months on generative AI software, such as Microsoft Copilot. In a different survey, conducted by CNBC and SurveyMonkey among thousands of American workers, nearly three-quarters of those who have used AI report being more productive as a result of the technology, but they are also more concerned about their job security.

Van Rossum stated, “Even the best engineers will be valuable until they are not.” He asserts that although AI is becoming more adept at coding, problem-solving and creativity will always be vital human abilities.

According to Lareina Yee, senior partner at McKinsey, which is now implementing its own large language model, Lilli, for tens of thousands of employees, “I don’t think software engineering is going out of fashion anytime soon.”

Yee, who chairs the McKinsey Technology Council, acknowledges that the rise in software applications and technology enablement across industries has led to a high demand for software engineers as a talent category over the past ten years. “We probably still don’t have enough software engineers, but we might be able to feel less of a shortage with generative AI,” the speaker stated.

AI as a powerful instrument

AI excels in so-called labor-intensive software tasks, like code generation, code refactoring, code documentation review, and modernizing legacy programming languages. “You may be able to use your AI as a power tool for your software engineers,” Yee said. “They can do the things that provide the innovation, the insight, the judgment.”

McKinsey’s analysis confirms this. According to its research on generative AI’s productivity for developers, AI can cut the time needed for basic tasks like code documentation in half, but the amount of time saved drops off as tasks become more complicated. Examining code for errors and bugs, adding organizational context, and navigating challenging coding requirements are examples of complex tasks.

“I think we have to put a huge caveat that this is all what the technology can do today,” said Yee, recognizing the fast pace of innovation.

The number of people visiting Stack Overflow, a well-liked website for programmers, has decreased as AI apps have become more integrated into professionals’ work processes. Some claim that traffic will drop by as much as 35% in 2023, but Stack Overflow disputes that statistic by explaining cookie recategorization in detail and claims that traffic decreased by only 5% annually. This may provide more proof that software engineers’ daily workloads are being reduced by AI.

What will companies do with the free time that their software engineers might have? Businesses could take care of their backlog, give innovation top priority, restrict the need for staff expansion as they grow, or take any other number of options.

Yee stated there isn’t a correct response to this. “AI is not going to draft you the answer of what you’re supposed to do. This is truly leadership experience and judgment,” she continued.

Bhatnagar, however, thinks that the best way to make the most of that time is to brainstorm, innovate, and create new solutions. He said, “You’re as good as your worst person.” “Your entire company will innovate from that point on if the worst person also has time to innovate.”

According to Jeff Spector, president and co-founder of Karat, low-value boilerplate code will not be prioritized over creative aspects of development, such as problem comprehension and solution design. According to Spector, “their focus will be on integrating other concerns like security, privacy, usability, or performance.” “It enables them to somewhat elevate the work they accomplish on a daily basis.”

Workplace churn and satisfaction in tech engineering

By improving job satisfaction, the advancement of this work may reduce employee turnover in the software engineering industry.

McKinsey’s study included a measure of developers’ job satisfaction both before and after generative AI was implemented. Before applying generative AI, 15% of respondents said they “strongly agreed” with the statement “I felt happy” at work; afterward, 50% said they did. In the same period, the percentage of respondents who strongly agreed to be in a flow state increased from 25% to 44%.

Bhatnagar is certain that both software engineering and technical engineering in general will change over time. He believes that all engineering specialties will combine into two groups: deep scientists and creative problem solvers. In the midst of all the innovation, he claims that “someone who is passionate about creative problem solving or can go down the track to becoming a better scientist” will be the employee who survives in the field.

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OpenAI Launches SearchGPT, a Search Engine Driven by AI

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The highly anticipated launch of SearchGPT, an AI-powered search engine that provides real-time access to information on the internet, by OpenAI is being made public.

“What are you looking for?” appears in a huge text box at the top of the search engine. However, SearchGPT attempts to arrange and make sense of the links rather than just providing a bare list of them. In one instance from OpenAI, the search engine provides a synopsis of its discoveries regarding music festivals, accompanied by succinct summaries of the events and an attribution link.

Another example describes when to plant tomatoes before decomposing them into their individual types. You can click the sidebar to access more pertinent resources or pose follow-up questions once the results are displayed.

At present, SearchGPT is merely a “prototype.” According to OpenAI spokesman Kayla Wood, the service, which is powered by the GPT-4 family of models, will initially only be available to 10,000 test users. According to Wood, OpenAI uses direct content feeds and collaborates with outside partners to provide its search results. Eventually, the search functions should be integrated right into ChatGPT.

It’s the beginning of what may grow to be a significant challenge to Google, which has hurriedly integrated AI capabilities into its search engine out of concern that customers might swarm to rival firms that provide the tools first. Additionally, it places OpenAI more squarely against Perplexity, a business that markets itself as an AI “answer” engine. Publishers have recently accused Perplexity of outright copying their work through an AI summary tool.

OpenAI claims to be adopting a notably different strategy, suggesting that it has noticed the backlash. The business highlighted in a blog post that SearchGPT was created in cooperation with a number of news partners, including businesses such as Vox Media, the parent company of The Verge, and the owners of The Wall Street Journal and The Associated Press. “News partners gave valuable feedback, and we continue to seek their input,” says Wood.

According to the business, publishers would be able to “manage how they appear in OpenAI search features.” They still appear in search results, even if they choose not to have their content utilized to train OpenAI’s algorithms.

According to OpenAI’s blog post, “SearchGPT is designed to help users connect with publishers by prominently citing and linking to them in searches.” “Responses have clear, in-line, named attribution and links so users know where information is coming from and can quickly engage with even more results in a sidebar with source links.”

OpenAI gains from releasing its search engine in prototype form in several ways. Additionally, it’s possible to miscredit sources or even plagiarize entire articles, as Perplexity was said to have done.

There have been rumblings about this new product for several months now; in February, The Information reported on its development, and in May, Bloomberg reported even more. A new website that OpenAI has been developing that made reference to the transfer was also seen by certain X users.

ChatGPT has been gradually getting closer to the real-time web, thanks to OpenAI. The AI model was months old when GPT-3.5 was released. OpenAI introduced Browse with Bing, a method of internet browsing for ChatGPT, last September; yet, it seems far less sophisticated than SearchGPT.

OpenAI’s quick progress has brought millions of users to ChatGPT, but the company’s expenses are mounting. According to a story published in The Information this week, OpenAI’s expenses for AI training and inference might total $7 billion this year. Compute costs will also increase due to the millions of people using ChatGPT’s free edition. When SearchGPT first launches, it will be available for free. However, as of right now, it doesn’t seem to have any advertisements, so the company will need to find a way to make money soon.

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Google Revokes its Intentions to stop Accepting Cookies from Marketers

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Following years of delay, Google has announced that it will no longer allow advertisers to remove and replace third-party cookies from its Chrome web browser.

Cookies are text files that websites upload to a user’s browser so they can follow them around when they visit other websites. A large portion of the digital advertising ecosystem has been powered by this practice, which makes it possible to track people across many websites in order to target ads.

Google stated in 2020 that it would stop supporting certain cookies by the beginning of 2022 after determining how to meet the demands of users, publishers, and advertisers and developing solutions to make workarounds easier.

In order to do this, Google started the “Privacy Sandbox” project in an effort to find a way to safeguard user privacy while allowing material to be freely accessible on the public internet.

In January, Google declared that it was “extremely confident” in the advancement of its plans to replace cookies. One such proposal was “Federated Learning of Cohorts,” which would essentially group individuals based on similar browsing habits; thus, only “cohort IDs”—rather than individual user IDs—would be used to target them.

However, Google extended the deadline in June 2021 to allow the digital advertising sector more time to finalize strategies for better targeted ads that respect user privacy. Then, in 2022, the firm stated that feedback had indicated that advertisers required further time to make the switch to Google’s cookie replacement because some had resisted, arguing that it would have a major negative influence on their companies.

The business announced in a blog post on Monday that it has received input from regulators and advertisers, which has influenced its most recent decision to abandon its intention to remove third-party cookies from its browser.

According to the firm, testing revealed that the change would affect publishers, advertisers, and pretty much everyone involved in internet advertising and would require “significant work by many participants.”

Anthony Chavez, vice president of Privacy Sandbox, commented, “Instead of deprecating third-party cookies, we would introduce a new experience in Chrome that lets people make an informed choice that applies across their web browsing, and they’d be able to adjust that choice at any time.” “We’re discussing this new path with regulators and will engage with the industry as we roll it out.”

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 Samsung Galaxy Buds 3 Pro Launch Postponed Because of Problems with Quality Control

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At its Unpacked presentation on July 10, Samsung also debuted its newest flagship buds, the Galaxy Buds 3 Pro, with the Galaxy Z Fold 6, Flip 6, and the Galaxy Watch 7. Similar to its other products, the firm immediately began taking preorders for the earphones following the event, and on July 26th, they will go on sale at retail. But the Korean behemoth was forced to postpone the release of the Galaxy Buds 3 Pro and delay preorder delivery due to quality control concerns.

The Galaxy Buds 3 Pro went on sale earlier this week in South Korea, Samsung’s home market, in contrast to the rest of the world. However, allegations of problems with quality control quickly surfaced. These included loose case hinges, earbud joints that did not sit flush, blue dye blotches, scratches or scuffs on the case cover, and so on. It appears that the issues are exclusive to the white Buds 3 Pro; the silver devices are working fine.

Samsung reportedly sent out an email to stop selling Galaxy Buds 3 Pros, according to a Reddit user. These problems appear to be a result of Samsung’s inadequate quality control inspections. Numerous user complaints can also be found on its Korean community forum, where one consumer claims that the firm would enhance quality control and reintroduce the earphones on July 24.

 A Samsung official stated. “There have been reports relating to a limited number of early production Galaxy Buds 3 Pro devices. We are taking this matter very seriously and remain committed to meeting the highest quality standards of our products. We are urgently assessing and enhancing our quality control processes.”

“To ensure all products meet our quality standards, we have temporarily suspended deliveries of Galaxy Buds 3 Pro devices to distribution channels to conduct a full quality control evaluation before shipments to consumers take place. We sincerely apologize for any inconvenience this may cause.”

Should Korean customers encounter problems with their Buds 3 Pro devices after they have already received them, they should bring them to the closest service center for a replacement.

Possible postponement of the US debut of the Galaxy Buds 3 Pro

Samsung seems to have rescheduled the launch date and (some) presale deliveries of the Galaxy Buds 3 Pro in the US and other markets by one month. Inspect your earbuds carefully upon delivery to make sure there are no issues with quality control, especially if your order is still scheduled for July.

The Buds 3 Pro is currently scheduled for delivery in late August, one month after its launch date, on the company’s US store. Additionally, Best Buy no longer takes preorders for the earphones, and Amazon no longer lists them for sale.

There are no quality control difficulties affecting the Buds 3, and they are still scheduled for delivery by July 24, the day of launch. Customers of the original Galaxy Buds 3 Pro have reported that taking them out is easy to tear the ear tips. Samsung’s delay, though, doesn’t seem to be related to that issue.

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