Tools such as ChatGPT can lead to the loss of many jobs around the world
The investment bank Goldman Sachs echoed the fears of workers around the world that generative AI like ChatGPT and Google Bard could very quickly replace our jobs.
Despite technology having a relatively healthy impact on global GDP, the bank’s report highlights that 300 million jobs are at risk and there are “significant disruptions” on the horizon as AI becomes more accurate.
There is some hope in the mention that generative AI could ultimately increase worker productivity, making the news more about changing work patterns than total job cuts, but how the world adapts to AI remains crucial to the livelihood of millions people.
Will AI take my job?
As we have already anticipated, the effects of AI are far-reaching, affecting an estimated two-thirds of jobs in the US and Europe, with office and administrative and legal support likely to be hit the hardest. cleaning and maintenance of buildings and grounds; installation, maintenance and repair; and construction and mining are among the least affected.
A smaller but no less worrying proportion is thought to be working in high-risk jobs. As many as 7% of US workers could see at least half of their jobs replaced by generative AI, putting their roles at significant risk.
However, Goldman Sachs forecasts did not come out of nowhere. OpenAI, the company behind the recently popular generative AI ChatGPT announced (opens in a new tab) results of the study of the impact of such models on the labor market. It found that four out of five employees saw at least 10% of their jobs affected by GPT, while nearly one in five would see at least half of their jobs affected.
While many liken this new era to a shift from industrial to technological, others argue that even more people are at risk of being left behind, emphasizing the urgent need for countries and organizations to carefully consider – and even reconsider – the implications of AI.