Tools like ChatGPT could lead to major job losses across the world

Date:
Wed, 29 Mar 2023 20:05:03 +0000

Description:
Report claims the way we work may fundamentally change as generative AI enhances productivity, and threatens to take jobs.

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Investment bank Goldman Sachs has echoed the fears of worker around the world that generative AI, like ChatGPT and Google Bard, could very soon replace our jobs.

Despite the technology having a respectably healthy effect on global GDP, the bank's report highlights that 300 million jobs are at risk, and that significant disruption is on the horizon as artificial intelligence becomes more accurate.

Some hope is portrayed in the mention that generative AI can ultimately boost workers productivity , making the news more of a shift in work patterns
rather than total redundancy, however how the world adapts to AI remains pivotal to the livelihood of millions. Will AI take my job?

As we have come to expect, AIs effects are far-felt, extending to an
estimated two-thirds of US and European jobs, with office and administrative support, and legal both likely to be heaviest affected. Building and grounds cleaning and maintenance; installation, maintenance, and repair; and construction and extraction are all among the least likely to be affected.

A smaller, but no less worrying, percentage of people are deemed to be
working in high-risk roles. As many as 7% of US workers could see at least half of their work replaced by generative AI, presenting a significant risk
to their roles. Read more

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Goldman Sachss predictions havent come from nowhere, though. OpenAI, the company behind popular generative AI ChatGPT, recently announced the findings of a study on the effects of such models on the labor market. It found that four in five workers would see at least 10% of their work tasks affected by GPTs, while almost one in five would see at least half of their work
affected.

While many have likened this new era to the transition from industrial to technological, others argue that even more people are at risk of being left behind, highlighting the urgency for countries and organizations to carefully consider - and even reconsider - the implications of AI. Considering a career change? Here are the best job sites



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Link to news story: https://www.techradar.com/news/tools-like-chatgpt-could-lead-to-major-job-loss es-across-the-world


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