Business Extra: LinkedIn on AI and future of jobs



Artificial intelligence will result in job losses, but it will ultimately be a creator of work too. More than 220 million jobs will open up thanks to AI in the next few years, according to LinkedIn data.

Ali Matar, its head of the business platform in the Middle East and Africa, joins host Kelsey Warner this week.

They talk about the future of work and anticipated changes in the job market, how hybrid work has stuck post-pandemic and why companies that provide flexibility will attract and retain the best talent.

LinkedIn is marking its 20th anniversary this year and during that period has seen a massive evolution from an invitation-only platform in 2003 to 930 million users in more than 200 countries.

Mr Matar said that the number of users in the Mena region had grown to 54 million, with more than six million in the UAE and seven million in Saudi Arabia.

In this episode

LinkedIn's reach (0m 23s)

The impact of the Microsoft takeover (3m 32s)

The jobs and opportunities during the AI age (7m 51s)

The current job market and the future of work (11m 16s)

LinkedIn's move into government and politics (15m 44s)

Read more

LinkedIn to cut more than 700 jobs amid global reorganisation

LinkedIn executive says it's still a good time to hone tech skills despite mass layoffs

One in four jobs likely to change in next five years, WEF says

UAE currency: the story behind the money in your pockets
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COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
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COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

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Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

Updated: June 14, 2023, 10:30 AM