The application of this technology can accelerate the growth of labor productivity and thereby increase global GDP by 7% by 2030.
The development of generative artificial intelligence (AI) could have a “significant impact” on the labor market, causing the automation of some 300 million full-time jobs around the world, according to a report by the US bank Goldman Sachs.
Generative AI is a type of artificial intelligence that uses machine learning models to generate texts and create original content in response to user prompts. The ChatGPT bot works on this principle, as does the DALL-E neural network, which makes it possible to make believable images.
The paper shows that at least two-thirds of current jobs are exposed to some degree of automation if such technological advances deliver promised capabilities, while even a quarter of them could be replaced by generative AI.
On the other hand, the application of AI technology can accelerate the growth of labor productivity and with it increase global GDP by 7% by 2030. However, it would directly affect the labor market, since the equivalent of 300 million full-time jobs around the world would be automated, according to Joseph Briggs and Devesh Kodnani, authors of the report.
According to both experts, jobs in the administrative area are the most likely to be affected by these new tools. In the US, 7% of jobs will be replaced by AI, while 63% could see just under half of their workload automated. In that order, administrative and legal support positions would be the most affected, with 46% and 44%, respectively, followed by the architecture and engineering professions with 37%. while another 30% will not be affectedalthough this will depend on how labor demand and professional workloads evolve in response to partial savings in most occupations.
Data for Europe shows a similar picture, with administration-related clerical jobs bearing the brunt. Overall, 24% of all work in Europe is exposed to AI automation, compared to 25% in the US.
Construction, cleaning, maintenance and outdoor jobs, which require physical activity, are the least likely to be affected.
Source: RT
