As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according to Goldman Sachs economists. They predicted in a report Sunday that 18% of work globally could be computerized, with the effects felt more deeply in advanced economies than emerging markets. Advertisement That's partly because white-collar workers are seen to be more at risk than manual labourers. Administrative workers and lawyers are expected to be most affected, the economists said, compared to the "little effect" seen on physically demanding or outdoor occupations, such as construction and repair work. In the United States and Europe, approximately two-thirds of current jobs "are exposed to some degree of AI automation," and up to a quarter of all work could be done by AI completely, the bank estimates. If generative artificial intelligence "delivers on its promised capabilities, the labour market could face significant disruption," the economists wrote. The term refers to the technology behind ChatGPT, the chatbot sensation that has taken the world by storm. ChatGPT, which can answer prompts and write essays, has already prompted many businesses to rethink how people should work every day. This month, its developer unveiled the latest version of the software behind the bot, GPT-4. The platform has quickly impressed early users with its ability to simplify coding, rapidly create a website from a simple sketch and pass exams with high marks. Further use of such AI will likely lead to job losses, the Goldman Sachs economists wrote. But they noted that technological innovation that initially displaces workers has historically also created employment growth over the long haul. While workplaces may shift, widespread adoption of AI could ultimately increase labour productivity — and boost global GDP by 7% annually over a 10-year period, according to Goldman Sachs. "Although the impact of AI on the labour market is likely to be significant, most jobs and industries are only partially exposed to automation and are thus more likely to be complemented rather than substituted by AI," the economists added. "Most workers are employed in occupations that are partially exposed to AI automation and, following AI adoption, will likely apply at least some of their freed-up capacity toward productive activities that increase output." Of U.S. workers expected to be affected, for instance, 25% to 50% of their workload "can be replaced," the researchers added. "The combination of significant labour cost savings, new job creation, and a productivity boost for non-displaced workers raises the possibility of a labour productivity boom like those that followed the emergence of earlier general-purpose technologies like the electric motor and personal computer."

 https://www.ctvnews.ca/bu .. achs-1.6333637

Ai seems counterproductive..

But they noted that technological innovation that initially displaces workers has historically also created employment growth over the long haul.

An important part of the article along with the expected increase in GDP. We’ll be alright.

"Although the impact of AI on the labour market is likely to be significant, most jobs and industries are only partially exposed to automation and are thus more likely to be complemented rather than substituted by AI," the economists added.

Issa WIN for me.

Good they don’t wanna work no fu*king way.

Contributor13 said view image

Your value as an employee going forward is how you leverage AI too the benefit of the business.

Best believe that various AI systems BEEN in use in our Justice systems, Govt, Healthcare Systems and More for DECADES...Its now Just being introduced to the Public...Same way the World Wide Web emerged and took over!

Nail gun took a while lot of jobs

Excavators took even more

If A.I replaces us then we will all work in entertainment because humans aren't meant to have 16ish hours per day to think

This AI craze is the same as the NFT craze a year or so back ...sh*t gonna fall off

AI is just like a tool it's not doing what everybody thinks it gonna do and not for a long a*s time.

I already heard a gang of regulations is being put on this technology

Keithf87 said "Although the impact of AI on the labour market is likely to be significant, most jobs and industries are only partially exposed to automation and are thus more likely to be complemented rather than substituted by AI," the economists added. Issa WIN for me.

So in other words, just making our jobs easier

zzxxccvvbb said Nail gun took a while lot of jobs Excavators took even more If A.I replaces us then we will all work in entertainment because humans aren't meant to have 16ish hours per day to think

Entertainment?

Doing what exactly? Everybody isn't meant to be famous or in the Entertainment industry for that matter.

Qwietazkept said Entertainment? Doing what exactly? Everybody isn't meant to be famous or in the Entertainment industry for that matter.

99.999999999999999% of people in the entertainment industry aren't famous or entertainers themselves. Most people do things like set design, lights, make-up, production a*sistant, etc...

Most trades will be years away from being fully replaced as well, and will only get easier

Women start becoming more educated than men?

Time to phase the human brain out of the workplace

Kingtrips2 said Ai seems counterproductive..

how so?

Replacing 300 million menial tasks and jobs that are centralized around tedium and regression you promote productivity growth and societal transformation. AI can increase efficiency and promote the development of new industries and job categories. This productivity boost can lead to economic growth and improved well-being for society as a whole.

Over the course of the last 20 years it's replaces twice as many jobs imo. You didn't notice it when the factory workers got replaced. You didn't notice it when the front line store workers got replaced and that's just the surface level stuff.

varun313 said This AI craze is the same as the NFT craze a year or so back ...sh*t gonna fall off

No, it’s not. Your current job is most likely not going to exist in 36-48 months. It’s not coming back.

There’s been so many fake hype cycles (crypto, Metaverse, nft) that it’s easy to IGNORE the real sh*t when it slaps you in the face.

I really wish I could impress upon y’all that this is the real deal.

It’s like a tidal wave about to take out a town. You wanna warn all your neighbors but as it gets closer & closer you realize all you can really do as a man is get your a*s back home to protect the ones you love most.

AI scares me for sure, I dont understand why more people aren't scared

These large companies that don't pay taxes, should be taxed based on the number of people on staff compared to what they generate. That money can go towards a universal income, or social security down the line.

If no one is working, who will buy all this sh*t these companies are producing?

AI, summarize this in three sentences…

“Goldman Sachs economists predict that up to 18% of global work could be computerized, which could affect up to 300 million full-time jobs. White-collar workers, such as administrative workers and lawyers, are seen as more at risk than manual laborers, with two-thirds of current jobs in the US and Europe exposed to some degree of AI automation. While there may be job losses, the adoption of AI could boost labor productivity and global GDP by 7% annually over a 10-year period, according to the report.“

shooter said No, it’s not. Your current job is most likely not going to exist in 36-48 months. It’s not coming back. There’s been so many fake hype cycles (crypto, Metaverse, nft) that it’s easy to IGNORE the real sh*t when it slaps you in the face. I really wish I could impress upon y’all that this is the real deal. It’s like a tidal wave about to take out a town. You wanna warn all your neighbors but as it gets closer & closer you realize all you can really do as a man is get your a*s back home to protect the ones you love most.

This.



Anything that REPLACES protesting, argumentative, unreliable humans with machines that lead to 1000% + improvements
in productivity isn't ever going away. It's only going to improve and grow. McDonald's is like

AI that's down to .0001% order mistakes > Human being costing McDonald's 2 million dollars in a s*xual a*sault case, or for a*saulting customers while averaging 12% mistakes per 100 orders.

Employees complaining about McDonald's minimum wage are going to be forever shut up.

This will be a world changing event like few we've ever seen.

shooter said No, it’s not. Your current job is most likely not going to exist in 36-48 months. It’s not coming back. There’s been so many fake hype cycles (crypto, Metaverse, nft) that it’s easy to IGNORE the real sh*t when it slaps you in the face. I really wish I could impress upon y’all that this is the real deal. It’s like a tidal wave about to take out a town. You wanna warn all your neighbors but as it gets closer & closer you realize all you can really do as a man is get your a*s back home to protect the ones you love most.

A.I. will make a lot job tasks easier, but y’all are jumping off deep end thinking this is some kinda doomsday scenario. None of this sh*t is autonomous. Human input and touch will always be needed.

A.I. won’t be as worthless as NFTs, but it’s not the end of most careers as people are thinking and saying, and it’s not nearly as powerful as you think.

It’s not going to k*ll dude’s job in 3 or 4 years. That’s crazy talk

Sin said AI scares me for sure, I dont understand why more people aren't scared

It’s going to be a problem, just think how many people used the internet for answers. AI uses the net for itself. It doesn’t need breaks, food or a family. Ish is going down.

They're gonna have to start having the Ubi conversation soon if they let it run all the way wild. Higher level tech is safe for now because what retard will let chatgpt or another companies ai run wild in their business/code. Ur asking to get ur sh*t snatched but i can see a world where companies want to build their own ai now and will be hiring talent to do that.

Qwietazkept said Entertainment? Doing what exactly? Everybody isn't meant to be famous or in the Entertainment industry for that matter.

view video

So if AI takes all the jobs, how will people get money to go pay at the places AI is working at? Thats the issue you can have a whole robotic workforce but if no one can buy anything thats what the point?

Another problem imo is that we'll be taking orders from AI eventually, military, political, business, etc

Even if we do try to make laws to prohibit it, as soon as competition gets an advantage we'll do the same and take orders from it