Tag: Job Displacement

OpenAI, the non-profit AI research company backed by Microsoft and responsible for ChatGPT, has no plans to become publicly traded due to potential risks posed by superintelligent AI. CEO Sam Altman emphasises the importance of responsible AI practices, as the European Union begins developing regulations for AI. While concerns about job displacement exist, Altman predicts that future AI systems will revolutionize various industries and create new opportunities. OpenAI will expand computing capabilities and continue promoting responsible AI practices to benefit societies worldwide.

Copywriter Olivia Lipkin lost her job to ChatGPT, a chatbot replacing her services. Nearly 4,000 jobs were cut in May alone by AI. A reminder that AI is not always good news for humans. Lipkin took to dog walking while pursuing creative writing.

The rise of artificial intelligence has sparked concerns of job replacement. ChatGPT, a popular natural language AI, has been a revolutionary aid in writing, but academia has discredited AI-generated work. Ethical decision-makers must balance its benefits and risks to society.

Daiwa Securities Group Inc. allows its 9,000 employees to use an AI chatbot. CEO Seiji Nakata claims it can improve efficiency by helping salespeople offer personalized financial products and traders execute orders more efficiently. The use of chatbot technology is increasingly prevalent in Japan, with SoftBank, Mitsubishi UFJ Financial Group, Deutsche Bank, and JPMorgan Chase embracing AI. The CEO states that employees will be reassigned to other areas of business if AI replaces some work, stressing that humans are still in charge.

Discover how AI will transform our lives by 2030. Explore ChatGPT's insights on how AI will personalize education, improve healthcare and much more.