NerdWallet: Who’s most likely to lose their job to AI?

by | Apr 19, 2023 | Stock Market

This article is reprinted by permission from NerdWallet.  Artificial intelligence (AI) is increasingly being integrated into workplaces across various industries, and it is having a significant impact on most jobs. While AI can improve efficiency, reduce costs, and enhance accuracy, it also poses a significant threat to many jobs, raising questions about the future of work.

That introduction — we call them ledes in journalism — was written by ChatGPT, a language model created by OpenAI. Not too bad, but not quite what this reporter would have written. While I think, for now, my job is safe, it will likely look different in a generative AI-driven future. Researchers are eager to study this future and how AI tools, such as ChatGPT, DALL-E and Bard — Google’s
latest foray into the AI space — are likely to affect most jobs in some way. Here’s a look at the research out there, including two studies recently released.How AI will likely affect jobs Roughly two-thirds of current jobs are likely to be affected by some degree of AI automation, according to a report by Goldman Sachs
a global financial institution. The report estimates that about one-fourth of current work tasks could be automated by AI in the U.S. A study by OpenAI — in conjunction with OpenResearch, a nonprofit research lab, and the University of Pennsylvania — found that up to 80% of all jobs in the U.S. could have at least 10% of their work affected by AI learning language models. And roughly 1 in 5 jobs could see half of their work tasks affected. Also see: Can artificial intelligence reverse the tech downturn? Startups are hiring for the next big thing.Jobs most likely to be affected by AI The industries with the most exposure to AI language modelers include legal services and securities, commodities and investments, according to a March 18 study from Princeton, the University of Pennsylvania and New York University. As for specific jobs, this study found telemarketers and post-secondary teachers in subjects such as English language and literature, foreign language and literature as well as history are likely to be affected by AI language modelers.AI affecting jobs versus replacing them These studies find that human workers will still b …

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