According to a survey conducted in February 2023, an alarming number of U.S. business leaders report that the use of ChatGPT will cause an increase in layoffs by the end of the year. 33% estimate that layoffs caused by ChatGPT are definite whereas 26% believe it will likely be the case. Additionally 32% estimated that the usage of ChatGPT will definitely result in more layoffs over the next 5 years.
ChatGPT, headquartered in the U.S., is a revolutionary artificial intelligence-driven chatbot (virtual assistant) that is helping companies automate customer service activities. This technology has helped business owners to churn out more work in quicker time, thus resulting in many employees being laid off. The rise of AI-driven automation has also played a part in this influx of layoffs.
The company is headed by its founder and CEO, Adel Khan. Adel has over 20 years of experience in technology and software development. He has a background in several different technologies including natural language processing, machine learning, web development and AI. With the help of his excellent leadership and the hard work of the team, the company has grown and developed the technology that is now helping many businesses operate more efficiently.
Though it is a hard truth that many business owners need to accept, the usage of ChatGPT has the potential to diminish the human workforce in the future. It is important for businesses to invest in cutting-edge technology and maintain a balance between automated processes and human labor. Companies should remember that investing in technology should come with a greater priority to the safety of their employees.
