Artificial Intelligence could replace 300 Million Jobs! | Jagran Business- Watch Video

Saumya JaiswarPublish Date: 31 Mar, 2023

The most recent developments in artificial intelligence may challenge your employment. 300 million full-time jobs worldwide could be at risk of automation due to the emergence of platforms like ChatGPT, Google's Bard, and others that can automate daily operations. 

Goldman Sachs Statement

''If generative AI delivers on its promised capabilities, the labour market could face significant disruption. Using data on occupational tasks in both the US and Europe, we find that roughly two-thirds of current jobs are exposed to some degree of AI automation, and that generative AI could substitute up to one-fourth of current work,'' the investment banker said in a research note titled 'The Potentially Large Effects of Artificial Intelligence on Economic Growth.'

A productivity boom and new jobs could result from technology advancement, according to the paper, which could ultimately increase global GDP by up to 7%.

The study also references data that claims that 60% of workers today are doing jobs that didn't even exist in 1940. It did, however, cite additional research that contends that job creation has lagged behind employment displacement as a result of technological advancement during the 1980s.

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