Fiverr CMO Matti Yahav Said, “The Company isn’t Seeing AI Displace Humans”

  • Editor
  • July 2, 2024
    Updated
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Artificial intelligence (AI) is making its mark by creating new opportunities and challenges for freelancers and the companies that engage them. Despite concerns about workforce disruption, AI is proving to be a catalyst for growth rather than a replacement for human talent.

Platforms like Fiverr and Upwork have become barometers for the shifting demands in the freelance market, witnessing significant surges in searches for AI-related skills.

These range from AI modeling and AI-generated content to the development of new AI chatbots. Fiverr, in particular, saw an astonishing increase in searches for “AI reels” by 1,646% and “AI influencer” by 3,037% in the latter half of 2023, showcasing a burgeoning interest in AI capabilities.

 

“When AI changes the dynamic of how fast you can do things, it’s a challenge for them because they really want to get paid for as much as they can and when they can,” Denton said. “What we’re seeing is a lot of agencies trying to shift to selling more the whole solution or the project. That way they can reap the benefits of the tools themselves.”

 

 

This trend is not just a flash in the pan. A recent survey by Fiverr involving 500 U.S. tech executives revealed that 39% ranked the integration of AI and other emerging technologies as a top concern, with 50% prioritizing the addition of AI-proficient personnel. The demand for AI and machine learning expertise is also evident on Upwork, where related skills saw a 70% growth rate, marking them as the fastest-growing segments.

While Fiverr’s Matti Yahav discusses the limited impact of AI on displacing human jobs, the recruitment sector is seeing an innovative shift. Learn more about how your next job interview might be transformed by AI in our detailed exploration, “Get Ready: your next job interview could be conducted by an AI recruiter“.

In the evolving landscape of freelance platforms like Fiverr, AI skills are becoming increasingly essential. Explore why a striking 66% of business leaders won’t hire without AI skills.

However, people do have a lot to say about this:

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byu/MysteriousShadow__ from discussion
inUpwork


Fiverr has introduced AI-assisted features to enhance the freelancer-client matching process and streamline project briefs to accommodate the rising demand. These innovations aim to facilitate clearer communication of project requirements, ensuring that clients find the right talent with the necessary skills.

Matti Yahav, Fiverr’s Chief Marketing Officer, emphasizes that AI is augmenting the need for human intervention, particularly in refining AI concepts or drafts into market-ready products.

Yahav argues that the focus should be on the value and service provided rather than the tools used to achieve them. This sentiment is echoed by the freelance community, where the utility of AI in creative processes, such as ad copywriting and design, is being increasingly recognized.

While some people are still not sure about using AI in their content:

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byu/MysteriousShadow__ from discussion
inUpwork


Wripple, a freelance platform, has observed a similar shift towards AI integration, with a significant portion of freelancers committed to utilizing AI in their projects.

This integration is not without its challenges, as concerns over copyright and legal issues continue to pose barriers for many large brands. However, the potential for artificial intelligence to introduce efficiencies and new capabilities into the freelance marketplace is undeniable.

“While our findings may paint a gloomy picture for online freelancers, as ever there will be winners as well as losers in this era of change,” Xinrong Zhu, assistant marketing professor at Imperial College, wrote in a blog post about the findings. “Whenever technology sweeps professions aside, new jobs emerge. New paradigms bring new opportunities and propel industries into unknown futures.

 

 

The debate over how freelancers and agencies should charge for AI-enhanced services is ongoing. As AI technologies streamline project completion, traditional billing models may need reevaluation. This shift could significantly change how creative services are valued and priced.

Despite the rapid advancement of AI in the freelance economy, the essence of freelancing remains unchanged: creating value through human expertise and creativity. AI tools and technologies serve as enablers, amplifying freelancers’ capabilities and opening up new avenues for innovation and collaboration.

For more of such news, visit our AI news at allaboutai.com.

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Dave Andre

Editor

Digital marketing enthusiast by day, nature wanderer by dusk. Dave Andre blends two decades of AI and SaaS expertise into impactful strategies for SMEs. His weekends? Lost in books on tech trends and rejuvenating on scenic trails.

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