The recent advances of artificial intelligence (AI) could endanger a vast number of jobs across all sectors. ChatGPT, a generative AI tool created by OpenAI, a venture-backed startup, is leading the charge of automation that could displace as many as 300 million jobs globally, according to Goldman Sachs, a bank. A recent study conducted by OpenAI was designed to examine the potential automation of 1,016 different jobs and the 19,000 tasks associated with them. The study found that many jobs that involve programming and writing could be replaced, as well as some financial and insurance sectors. Telemarketers, teachers of language, literature, or history, and traders may be among some of the most at-risk occupations.
However, while AI could displace workers from lower-paying and mundane tasks, this automation could help increase productivity. OpenAI and Goldman Sachs estimate that it may potentially increase global GDP by 7% in the next decade. It is important to note, though, that the study may overestimate how much can be automated because it does not take into account subtle human qualities that define certain jobs. Moreover, for many companies, implementing such automation technology may be difficult as it requires specific IT architectures and there are often legal and ethical implications to take into account.
ChatGPT is a company focused on creating generative artificial intelligence tools, such as the GPT-4, a large language model trained on vast chunks of the internet and fine-tuned to specific tasks. They are well-known for their efforts to create human-sounding language and understanding contexts. The CEO and Co-Founder of OpenAI, Sam Altman, has been an influential figure in the field of artificial intelligence for the past decade. He has a strong interest in the power of AI and how it can benefit society and the economy. Altman is also the Chairman of OpenAI’s board of directors.
Overall, chatGPT is well-positioned to be a major player in the AI automation market and its influence over the world’s economy is yet to be seen. Despite the potential of AI to automate certain jobs, human skills and qualities are still very much essential to a successful job role. It is important to remember that nuanced human qualities, such as empathy or charm, may be overlooked in an evaluation of AI applications. As AI technology continues to evolve and become more powerful, negotiations between those that embrace the development of AI and those who don’t will remain complicated and may even result in the creation of unexpected new jobs.
