Recent fears over AI causing unemployment are increasing, as many workers report losing their jobs to technology. A content-writer claims his work was replaced by an AI system: ChatGPT. With 3,900 job losses due to AI in May alone, some fear up to 300 million full-time jobs could be replaced by AI. However, the UN's Department of Economic and Social Affairs suggests that AI replacing the majority of jobs is unrealistic, as it is not versatile or adaptable enough. Some workers are adapting by entering trades that AI hasn't yet picked up.
Vietnam's tech giants, including VNG, Vingroup, and BKAV, are yet to rival with ChatGPT, an AI-based chatbot tool that has brought a paradigm shift in AI applications. ChatGPT has become a new market standard, compelling large enterprises to reassess their chatbot development. According to a survey, 48% of enterprises have used ChatGPT, with 25% claiming that it replaces workers and saves thousands of dollars. Although LovinBot and VoiceGPT launched similar chatbots, Vietnam's major tech firms focus on developing their existing AI products, claiming ChatGPT's slow processing speed and high costs than existing AI chatbots.
ChatGPT's AI technology is thriving despite the tech industry's recent layoffs. Optimism for future growth remains, signaling opportunities for workers and investors.
Concerns arise as AI chatbots struggle with non-English languages, limiting their potential. ChatGPT faces similar challenges, reflecting the dominance of English in global commerce. However, AI researchers are working to address this issue.
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