🧑💻 Is software engineering dead?
PLUS: JP Morgan Chase is on the AI hype train
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Happy Thursday, fellow humans 👋
In today’s edition, we discuss whether software engineering is dying, DHS’s love affair with AI, and JP Morgan Chase going all in on AI…
Indulge!
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🧵 In today's edition:
🧑💻 Is software engineering dead?
DHS 💗 AI
🚄 JP Morgan Chase is on the AI hype train
🛠️ AI Tools to Check Out
🤑 AI Fundraising News
🐦 Tweet Post of the Day
🧑💻 Is software engineering dead?
People always thought that AI would kill software engineering. Then Devin came along, and people really started to believe it.
“People won’t need to know how to code.”
“What’s the point of learning it now?”
“It’s all for naught.”
But is that actually the case?
There could be some truth to it: tools like Microsoft's GitHub Copilot are revolutionizing the coding industry by automating many tasks for software engineers. The AI-powered coding assistant has already attracted 1.3 million customers, including major corporations like Goldman Sachs and Ford.
Copilot also saves engineers hundreds of hours per month by handling repetitive tasks like auto-completing code snippets, answering coding questions, and converting between programming languages.
Engineers report staying "in the flow" without constantly researching or shifting context.
But here is a hard fact - Copilot is NOT a substitute for human coders.
Yes, it is making them dramatically more efficient:
Tedious tasks like debugging that once consumed up to 50% of an engineer's time can now be done in minutes.
Some companies even use Copilot to generate code for critical systems, although robust quality checks are still needed.
However, the technology has limitations around outdated code, buggy suggestions, and potential copyright issues.
Don’t get me wrong—it is rapidly improving, and an enterprise version tailored to each company's codebase is coming soon.
But, like Amjad said:
What do you think?
Is SWE dying? |
Read more: Bloomberg
DHS 💗 AI
The Department of Homeland Security (DHS) is embracing AI and paving the way for other federal agencies to follow suit.
In response to a White House executive order last October promoting responsible AI use in the federal government, DHS issued a roadmap detailing its AI plans for 2024.
The roadmap includes three pilot projects to test AI technology in areas such as:
Immigration officer training,
Disaster relief grant applications, and
Law enforcement investigations related to fentanyl and child exploitation.
Like private companies, DHS is actively seeking AI talent. Recently, it launched a hiring sprint to recruit 50 AI experts to form an "AI Corps" within its IT office.
The agency aims to bolster expertise in machine learning, data science, and AI cybersecurity.
Overall: While DHS is an early federal mover on AI, other agencies are expected to follow as the technology's adoption accelerates.
However, barriers like budget constraints, data governance challenges, and security concerns may hinder rapid AI rollout across the government. Establishing chief AI officer roles could help agencies build needed skills and literacy.
Read more: CNBC
🚄 JP Morgan Chase is on the AI hype train
Source: The Economic Times
JPMorgan Chase CEO Jamie Dimon has a clear vision for the future of money in an AI-driven world - according to him, AI will soon allow the bank's chatbots to provide personalized financial advice by understanding an individual's circumstances, goals, and patterns over time.
Dimon believes AI will be "a huge aid" in wealth planning, becoming increasingly sophisticated at offering tailored recommendations. He compares AI's potential impact to transformative technologies like the printing press and the internet.
To that extent, JPMorgan is investing heavily in AI, with thousands of employees working to embed it across processes from trading to customer service. Dimon expects AI to dramatically improve efficiency and quality of life, though some jobs may be lost.
However, regulators warn that opaque AI decision-making could increase volatility, instability, and discrimination in areas like lending. The SEC is proposing rules requiring firms to assess AI for conflicts of interest.
Overall: Dimon doesn't foresee a single "super app" for finance in the U.S. like those in China. Instead, he expects "mini super apps" offering bundled services powered by AI and technology.
While AI can't be a "stock picker," Dimon believes it will get customers closer to putting their money on autopilot through personalized advice and predictive capabilities. Still, he acknowledges AI has limits and hopefully won't recommend getting "rich quick."
Read more: Yahoo Finance
🛠️ AI Tools to Check Out
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🤑 AI Fundraising News
AI Squared raises $13.8M in Series A funding to help organizations deliver data and AI insights into their business applications.
HealthSage AI raises €3M/$3.2M in Seed funding to provide an open, secure, and regulatory-compliant platform to improve healthcare delivery and patient pathways by leveraging GenAI and collaborating with healthcare partners and innovators.
🐦 Tweet Post of the Day
Yep yep yep only slightly terrifying 😱
Yesterday: Boston Dynamics retires its famous hydraulic humanoid robot 'Atlas'
Today: They unveiled the new fully electric version
— Morning Brew ☕️ (@MorningBrew)
3:13 PM • Apr 17, 2024
What did you think of today's newsletter? |
And that does it for today's issue.
As always, thanks for reading. Have a great day, and see you next time! ✌️
— Haroon: (definitely) Not A Bot and @haroonchoudery on Twitter
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