AI's Promise and Peril for Entrepreneurs: More Capabilities But Potential Job Losses
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AI can complement human skills and traits; people who combine AI and their humanity may have an edge over those who avoid AI altogether.
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AI is useful for routine, time-consuming tasks, freeing entrepreneurs to handle creative, delicate work like ideation.
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AI can enable new micro-entrepreneurs by giving people capabilities they lack to turn ideas into reality.
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There should still be boundaries between AI and human capital in workplaces to encourage entrepreneurship and protect jobs.
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In the short term AI may increase workload for some employees; in the long run it could lead to underpayment and job losses as it replicates more human work.