Singapore: AI Job Disruption, Hiring Shift & Youth Unemployment with Shiyan Koh - E552
“One is, of course, AI. And I think it's a really interesting topic. I had a friend tell me—AI doesn't need a career path, AI doesn't need a weekend off, AI doesn't need compliments, and AI is a fraction of the cost of an analyst. So why do I need an analyst? And there's quite a lot of truth to some of those statements. That’s an interesting topic to explore a little bit—like if a lot of entry-level jobs were really around research, slide prep, meeting prep, all that sort of stuff, what does it mean when your partner at a consulting firm, MD, VP at an investment bank—all the way down the line—can basically have those job functions done with the press of a button, at a much lower cost and faster?” - Shiyan Koh, Managing Partner of Hustle Fund
“How do I take this and turn my interests, my passions, into a career? And maybe you start out and you're like, okay, I'm like a PT. But then there’s people who are like, "Oh, then I build a gym." "I build software for my gym." I think there’s this sort of more, like, entrepreneurial way to think about it—versus it’s not like a top-down thing. There’s this notion of, "Hey, we should actually all become attuned to what our market needs that match up with our passions." And how do we have the agency to identify those and say, let’s go try something and do it?” - Shiyan Koh, Managing Partner of Hustle Fund
“Whatever we think of AI today is going to be way more capable in ten years. We're just going to assume that you're going to figure out how to use it. And how do you, like, get them oriented towards a goal? The third one is, like, a little bit harder, which is—like—the people who can best use AI are actually the people who have the most context. Because they can direct it more effectively. And maybe the answer is—you don’t pick. You just have to be really good at learning something so that wherever you end up, you’re really good at teaching yourself how to get deep in that thing—or deep enough that you can go direct it.” - Shiyan Koh, Managing Partner of Hustle Fund
Shiyan Koh, Managing Partner of Hustle Fund, and Jeremy Au explored the growing challenges of youth unemployment in Singapore and how AI is fundamentally changing the job market. They discussed how the rise of automation is making entry-level roles less necessary, leading companies to prioritize experienced hires who can work with AI rather than train fresh graduates. They also examine how AI amplifies the gap between high and low performers, making adaptability and self-motivation more crucial than ever. They also talked about the need for educational reforms that focus on problem-solving and real-world applications, as well as how young professionals can position themselves for success in an AI-driven economy.
Jingjing Zhong: UC Berkeley to Investment Banking, General Manager Firefighting & Superbench Services AI Founder - E463
Jingjing Zhong, CEO & Cofounder of Superbench, and Jeremy Au talked about three main themes:
1. UC Berkeley to Investment Banking: Jingjing reflected on her time at UC Berkeley where the competitive environment introduced her to the high-stakes world of investment banking. She shared her initial motivation for joining Houlihan Lokey, which was to make money (influenced by societal expectations from her upbringing in China). Her experience in the financial sector led to a significant reevaluation of her definition of success and steered her away from banking despite its financial allure.
Disney+ Arbitration PR Crisis, Good vs. Bad Startup Sci-Fi Ideas & Defence Tech Rise with Shiyan Koh - E464
Shiyan Koh, Managing Partner of Hustle Fund, and Jeremy Au talked about three main points:
1. Disney+ Arbitration PR Crisis: A woman died from an allergic reaction after eating at a Disney-affiliated restaurant. The husband sued Disney for "wrongful death" and $50,000+ of damages. Disney in May 2024 alleged that the husband accepted a forced arbitration agreement when signing up for Disney Plus in 2019. This caused a firestorm of public criticism about the company's accountability. The hosts discuss the broader implications of such legal strategies on public trust and branding, and Disney's withdrawal of this legal case serves as a cautionary tale about balancing tactical legal defenses with keeping a broader strategic eye.
Michael Chua: Consultant to Award-Winning Actor at Age 50, AI Disrupting Filmmaking & Climbing the 'Third Mountain' - E486
Michael Chua, Award-Winning Actor, and Jeremy Au discussed:
1. Consultant to Award-Winning Actor at Age 50: Michael had a a long and successful career as a technology consultant traveling across Europe. At the age of 50, he was talent-scouted through a Facebook photo to become an actor. His curiosity exploring a new creative field quickly blossomed into a successful career, with over 400 acting credits and several awards, including Best Actor and Best Film at the Singapore International Film Festival. He shared his experience learning to act in films like Ilo Ilo which won the prestigious Camera d'Or award at the 2013 Cannes Film Festival and the 50th Golden Horse Awards in 2014. He also discussed his experience acting in popular YouTube shows like Titan Academy led by JianHao (7.5 million subscribers).