Submitted by Wega58 t3_1256696 in wallstreetbets
AI, such as OpenAI's ChatGPT, has seen a surge in popularity, leading to concerns about its potential impact on the labor market. New research from Goldman Sachs indicates that around 300 million full-time jobs globally could be affected by the rise of generative AI systems. The study found that about two-thirds of current jobs are exposed to some degree of AI automation, and generative AI could replace up to a quarter of current work.
White-collar workers, particularly those in the US legal and administrative sectors, are at higher risk of being affected by new AI tools. This is because the legal services industry consists of a relatively small number of occupations already susceptible to AI automation. Despite the potential disruptions, the widespread implementation of generative AI could lead to labor cost savings and the creation of new jobs, such as prompt engineers who write text to test AI chatbots.