The latest artificial intelligence (AI) based technology has been considered to result in people losing jobs in the future.
Recent advances in Artificial Intelligence technology have raised fears among people that their jobs are in danger.
Now a report justifies this fear and predicts that 300 million jobs could be affected by generative AI.
Us investor Goldman Sachs said in a report that if AI technology demonstrates the capabilities that are being claimed, the labor market will be very badly affected.
In the United States alone, two-thirds of jobs are exposed to AI technology, the report said.
The impact of AI technology on the workforce may be very significant, but most jobs and industries will be partially affected, the report said.
The report estimated that seven percent of jobs in the United States can replace humans with AI systems while in 63 percent of jobs AI technology will work with humans, while 30 percent of sectors will not be affected.
Similarly, AI technology will be involved in the production of seven percent of services and goods worldwide in the next 10 years.
Generative AI technology came into public attention when a company called OpenAI introduced ChatGPT.
Introduced in November 2022, this Chabot can be used for many things and Microsoft made this technology a part of its search engine Bing.
Since then, various steps are being taken by big technology companies in this regard, such as Google’s introduction of a Chabot called Bard.
This new report states that as a result of AI technology, office and administrative positions are most threatened, followed by other sectors.
