AI seen to kill 1.1 million jobs in PH by 2028

Advances in automation and artificial intelligence (AI) over the next decade are poised to take a brutal toll on workers, especially those engaged in manual labor and low-skilled agricultural roles.

This was according to comprehensive study released by technology giant Cisco and Oxford Economics, which forecast that at least 1.1 million jobs in the Philippines will disappear by 2028 as rapid technological innovations force workers to adapt or go unemployed….

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Alibaba to step up cloud computing expansion

Alibaba Group Holding, China’s biggest e-commerce company, plans to ratchet up the expansion of its cloud computing ecosystem with more strategic partnerships and services, intensifying its global competition with Amazon Web Services (AWS) and Microsoft.

Chief technology officer Jeff Zhang Jianfeng, who serves as president of subsidiary Alibaba Cloud, said the new initiative will make the 10-year-old business unit “a more technologically inclusive platform” at the company’s cloud summit in Beijing on Thursday….

Subsidiary Alibaba Cloud, which turns 10 this year, has become the e-commerce giant’s main business development focus.

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Tencent plays catch-up in cloud computing services

Tencent Holdings, operator of China’s biggest social media and video gaming businesses, said it will step up investments in cloud computing for industries, heating up its rivalry with e-commerce giant Alibaba Group Holding in that growing online services market segment.

Shenzhen-based Tencent said its cloud computing operations will be the vehicle on which its data analytics, artificial intelligence and security systems can be customised for industries such as retail, financial services, transport, health care and education….

The internet giant capped 2018 with a quarterly profit that missed analysts’ estimates.

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Japan convenience stores pressed to end 24-7 model amid severe labour shortages

Japan’s 24-hour convenience stores are struggling to stay open around the clock as an industry that has continually expanded now finds itself at the sharp end of a labour shortage.

Franchise owners, some of whom were forced to work amid massive snowstorms or in the wake of a family death, have launched a campaign to persuade industry leader 7-Eleven to allow stores to close earlier….

The stores are an essential part of modern Japanese life, but the tightest labour market in more than 40 years is hurting franchise owners.

 

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Lazada bets on Chinese e-commerce models to win in SAsian markets

Lazada Group, the Southeast Asian e-commerce platform, is betting on the tried-and-tested technology and e-commerce models of parent company Alibaba Group Holding as it strives to conquer the largely untapped online shopping market in the region.

Lazada has adopted Alibaba’s technology to power its platform, and this week announced a host of tools for sellers on its online shopping centre Lazmall to build its brand and better engage with users. Merchants and retailers on Lazmall can now do everything from customising the look of their online stores to engaging with customers via a live-streaming function….

The Singapore-based company’s move to give its sellers more tools, such as data analytics, comes as competition in Southeast Asia’s e-commerce market heats up.

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Shortage of science grads vexes Japan

TOKYO — Companies recruiting technology majors from Japanese universities are bracing for another year of missed targets as the supply of graduates fails to keep pace with broad demand for such skills as AI engineering and data analysis.

Businesses aim to hire 11.7% more science and technology college students graduating in spring 2020, marking a sixth straight year of double-digit increases, according to a Nikkei survey released Friday. This is 7.5 percentage points higher than the increase for humanities majors. In addition to talent in cutting-edge fields, mechanical engineers and pharmacists are also seeing brisk demand.

But for new hires joining companies this spring, employers have failed to fill more than 5% of their quota for job offers to science graduates….

Businesses plan recruiting uptick in 2020 as more industries pursue tech talent

 

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