Young Australians worry AI will shrink job prospects, but use it anyway

Three in four young Australian workers worry AI will shrink job prospects, but nearly all are already using it. A new Microsoft Australia study has found 71 per cent of Gen Z professionals fear artificial intelligence could reduce graduate opportunities, rising to 88 per cent among those in the finance sector. Yet despite the anxiety, adoption is high: ◾ 97 per cent of young workers given access to AI tools use them weekly. ◾ 88 per cent say it helps cut repetitive tasks. ◾ 75 per cent believe it improves their professional communication. “There is opportunity and anxiety existing side by side,” says Microsoft ANZ’s national technology officer Sarah Carney. As debate continues over how to regulate AI in Australia, young professionals like lawyer Kiara Morris say AI tools were saving her “about an hour or two a day” by summarising email messages and helping to “stress-test” and make suggestions to court briefs and client advice. The federal government issued voluntary AI guidelines in 2024 but has yet to regulate high-risk uses of the technology. You can read the full story here: https://lnkd.in/evP5AeS5 #AAPNews #TechNews #AI #AIRegulation #Workplace

Elise Shaw

Actuaries Institute – Head of Content, Marketing & Communications

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To continue this discussion: Australian companies risk falling behind global competitors in harnessing the benefits of AI unless they establish clear leadership pathways for employees with deep technical skills. Without these routes to senior leadership roles, critical boardroom decisions lack technical depth, we default to adoption over invention, and talented professionals move overseas for better opportunities. Read the Actuaries Institute report https://content.actuaries.asn.au/resources/resource-ce6yyqn64sx3-2093352434-60298

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