AI-Threatened Jobs Are Mostly Held by Women 👭; PharmStars Open Call for its next digital health cohort 📣; TechWomen100 awards 🏆+ more
Connecting businesses health tech and femtech with opportunities to grow and succeed.
Happy Monday, everyone! ☀️
While artificial intelligence is seeding upheaval across the workforce, from screenwriters to financial advisors, the technology will disproportionately replace jobs typically held by women, according to human resources analytics firm Revelio Labs.
“The distribution of genders across occupations reflects the biases deeply rooted in our society, with women often being confined to roles such as administrative assistants and secretaries,” said Hakki Ozdenoren, economist at Revelio Labs. “Consequently, the impact of AI becomes skewed along gender lines.”
Advances in AI are aggravating gender disparity in the global workforce, where companies are considering cutting some staff and leveraging generative AI in their workflow. International Business Machines Corp. recently said it’s slowing down hiring for roles that can be easily replaced by AI in back-office functions, such as human resources. Chief Executive Officer Arvind Krishna predicts as many as 30% of these positions could be replaced by automation over five years, potentially resulting in a loss of around 7,800 jobs.
AI is more likely to take over repetitive jobs, the kind that are mostly held by women. For example, OpenAI Inc.’s ChatGPT model can search, review and summarize large volumes of text quickly, tasks that would normally take paralegals much longer to accomplish. In recruitment, AI can automate the process of sorting through resumes, a task that used to require more people, Ozdenoren said.
Read more on this topic here.
Thank you for tuning in this Monday, Marija & Anja. 🚀
Many thanks to all those who have attended our FemTech Expo sessions so far. 🙏🏽 Your feedback is invaluable to us and with each new session we are learning so much from all of you, from all the wonderful companies in the ecosystem and our team is proud to have so many amazing innovators in our community! 🔥
Our next FemTech Expo webinar is scheduled for 27 September, and will showcase 10 innovative companies in the Autoimmune Diseases and Chronic Conditions space! 🔥
📆 If you’re interested in attending the upcoming session in September, register via the button below.
👩🏽💼 Who should apply to pitch: Startup founders, innovators, and researchers who are working on an innovation related to women's health, digital health, or healthcare technology.
🎙 Why apply? If you are chosen to present at one of our Expo events, you will be seen by our global community of entrepreneurs, investors, pharma companies, and other key stakeholders, and get visibility on our blog and newsletter.
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This newsletter is brought to you in partnership with PharmStars! 🔥
PharmStars, the pharma-focused accelerator for digital health startups, is delighted to announce that 13 startups graduated from its Spring 2023 program focused on “Innovations in Women’s Health or Health Equity.” The graduating startups successfully completed PharmaU, PharmStars’ 10-week program. PharmaU culminated with a Showcase Event, held in Boston in May, that brought together the participating startups and PharmStars’ innovation-minded pharma members.
PharmStars focuses on bridging the “pharma-startup gap,” helping pharma and startups overcome partnership barriers. PharmStars’ unique PharmaU program provides education and mentorship to help startups more effectively partner with pharma.
PharmStars is accepting applications through July 10, 2023, for its upcoming Fall 2023 cohort, around the theme “Digital Innovations in Therapeutic Delivery: Supply Chain to the Patient Interface.” Digital health startups interested in participating can find additional details and the application form on PharmStars’ website.
Community news and updates 📣
📆 FemTech Lab Application & Interview Advice From The Founders, July 6 + apply for the upcoming cohort here
📆 Tech4Eva Events 2023 ➡️ The Connection to Israel, September 5; The Connection to USA, November 7; Tech4Eva Conference 2023, November 30
📆 Future of HealthTech Hub: Summer Garden Party, 5 July
📆 Barclays Eagle Labs - From Investment Pitch to Sales Pitch, July 12
📣 Now in their seventh year, the TechWomen100 awards are once again looking to recognise and celebrate the achievements of women working in technology. Nominate someone for the 2023 TechWomen100 Awards via this link.
📣 Axena Health begins a first-of-its-kind global study of female incontinence
📣 Clementine and Haleon collaborate in a trial to add ‘mind-care’ to everyday health products
📣 NNOXX Launches First Wearable Device for Monitoring Active Nitric Oxide Levels
📣 Zuri Fertility Launches to Drastically Simplify the Fertility Journey
👭 Become a WoW member to get access to all our membership perks, including our Job Board with 700+ industry jobs, content library, marketplace, events list and more!
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