ChatGPT, an AI chatbot, has set a new record as the fastest-growing app of all time. The app reached 100 million users in just two months, a milestone that took TikTok nine months and Instagram two and a half years. ChatGPT’s ability to communicate in a human-like manner and offer suggestions, conduct research, craft essays, and offer basic financial advice sets it apart from its competitors. Its diverse skillset makes it an exceptional productivity-enhancing tool.
As ChatGPT and other AI chatbots continue to develop, many people are wondering which jobs will be transformed or replaced by automation. According to an OpenAI working paper, 80% of American workers are in occupations where AI can assist with or entirely automate at least 10% of their work tasks. One-fifth of the workforce is in occupations where 50% of tasks could be impacted by AI.
Jobs that involve repetitive tasks and routine decision-making are most at risk, particularly in industries that rely heavily on tasks such as writing, data analysis, and calculations. The paper identified 17 occupations where AI could reduce task completion time by 50% or more. On the other hand, industries such as manufacturing, mining, and agriculture may have some protection against AI, as may jobs in the service industry.
However, the adoption of AI in the future does not necessarily mean humans will lose their jobs. Instead, it provides an opportunity for workers to learn new skills, adapt to changes, and focus on more complex tasks that require human judgment and expertise. For example, AI-powered chatbots can answer questions and offer assistance in real-time, making recommendations on investments, budgets, and more. AI-enabled platforms can also learn from a user’s financial history and patterns, detecting potential fraud and protecting bank accounts.
The development of AI should be seen as an opportunity for growth and evolution, rather than a threat to job security. With automation taking over repetitive tasks, humans can handle more intricate tasks that require creativity and emotional intelligence. The adoption of AI and other advanced technologies provides an opportunity for workers to upskill and embrace new ways of working, leading to increased productivity, job satisfaction, and economic growth.
