Updated March 31, 2023 at 4:26 PM EDT
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Since the release of powerful AI tools ChatGPT and Google’s Bard, there has been a growing debate over whether “robots” will replace humans, with some jobs (surprisingly traditional white-collar jobs) Studies have shown that it can have a large impact.
important facts
Generative AI, a type of artificial intelligence that can create text and other content in response to user prompts, quickly gained popularity after the launch of OpenAI’s ChatGPT.
Since its November 2022 release, people have been using the AI chatbot ChatGPT for a variety of purposes, including: write in college-level essays and generate code.
The AI race has intensified since Google released Bard, a ChatGPT competitor and a separate entity from the company’s Google search engine, on March 21st.
A recent Goldman Sachs report estimated that around 300 million jobs could be impacted by generative AI. This means that 18% of work worldwide could be automated, with developed economies being hit harder than emerging markets.
The report also said that two-thirds of jobs in the US and Europe are “exposed to some extent by AI automation,” and that about a quarter of all jobs could be performed entirely by AI. Predicting.
Researchers at the University of Pennsylvania and OpenAI have found that a portion of highly educated white collar workers earning up to $80,000 a year are most likely to be impacted by workforce automation.
According to the report, jobs in agriculture, mining and manufacturing are least exposed to generative AI, while jobs in information processing industries such as IT are most at risk. Because jobs that use “programming and writing skills” are more closely related to generative AI. Features of GPT.
Generative AI is not perfect, and both OpenAI and Google acknowledge that the program sometimes returns incorrect responses and has other flaws, such as ChatGPT’s knowledge base ending in 2021 and Bard’s limited conversation retention. increase.
most impacted jobs
- Finance and Banking: Banks are already starting to incorporate AI into their business models. According to the Cambridge Center for Alternative Finance and the World Economic Forum, 56% of his banks claim to have implemented this technology into business areas such as management, and 52% claim to use it for revenue generation. . Abhijit Bose, senior vice president of Capital One, said: washington post AI will potentially “monitor transactions” and provide detailed financial advice on saving and spending. Morgan Stanley begins using her OpenAI-powered chatbot to curate its wealth management database, allowing advisors to more efficiently capture and explore data. The World Economic Forum also predicts that AI will bring her three transformations to the financial sector: job cuts, job creation and increased efficiency. Furthermore, it predicts that 23% of China’s financial sector jobs will be replaced by AI by 2027.
- Media and Marketing: Christian Hammond, chief scientist in the natural sciences, told the BBC that within 15 years “90% of the news will be written by machines”. Natural Sciences has software called Quill. This is an AI paraphrasing tool that prepares corporate reports in advance of earnings announcements. German publisher Axel Springer announced in February plans to go “digital only”, including job cuts in favor of “new technology” and automation. Reporters from various media outlets such as Business Insider, CNET, and CNBC use ChatGPT to create news stories that are often criticized for containing misinformation. According to the paper, BuzzFeed CEO Jonah Peretti announced in January that the company would use ChatGPT to personalize content and power quizzes, much to the disappointment of employees. wall street journal. In the marketing world, 84% of marketers reported using AI in 2020, up from 29% in 2019, according to a Salesforce survey. Top-performing marketing teams will use about seven types of AI and machine learning on average in 2020, and more than half plan to increase their use in 2021, the report claims. there is
- Legal services: A lawyer used ChatGPT to publish a 14-page legal document. Social Science Research Network He answered numerous prompts, including drafting contracts, explaining why Supreme Court decisions on same-sex marriage should not be appealed, and developing deposition questions. Paper author Andrew Perlman, dean of the Suffolk University School of Law, told Reuters that AI bots “address access to judicial questions” and provide legal services to those who can’t afford them. said it could be done. According to his 2022 report for Legal Services Corp, the low-income American has insufficient or no legal help for 92% of his civil legal matters. It is said that it has not been received. Some companies, like startup Lawgeex, are already starting to incorporate AI into their legal services. One that they claim reads contracts faster than a human and is more accurate than a human.
Jobs with the least impact
- Manufacturing and factory workers: Automation has been on the rise in the industry for some time, and General Motors is credited with being the first major manufacturer to introduce robotics to assembly lines after the introduction of the UNIMATE in 1961. However, generative AI can speed up the process. Elon Musk, for example, unveiled the Tesla Bot, or Optimus, an autonomous android built to replace humans in dangerous and repetitive tasks. Musk plans to deploy these bots in his Tesla factory and eventually scale them to millions around the world. AI is expected to replace 2 million manufacturing workers by 2025, according to a report from MIT and Boston University. “Our evidence shows that robots improve productivity,” the researchers said. In a Chinese factory in Dongguan, he replaced 90% of his workforce with machines, resulting in a 250% increase in productivity and an 80% reduction in defective products. A job that took 650 people to complete now requires about 60 robots and 60 people, the company claims.
- Agriculture: According to the USDA, there will be 21.1 million full-time and part-time jobs in the food and agriculture sector in 2021, accounting for 10.5% of the workforce. Agriculture is considered one of the world’s oldest occupations, standing the test of time and continuing through four separate industrial revolutions.according to Washington Post, While many small farms haven’t earned enough to invest in more machinery, the larger farms have already begun the laborious process of automating work. In the United States, family farms make up 98% of all farms, the majority of which are small family farms that operate about half of the country’s farmland. However, the National Institute of Food and Agriculture funds AI research, education, and outreach activities in the areas of natural resources and environment, agricultural systems and engineering, economics, and rural communities.
- health care: Research published in Global Health Service Journal On average, psychiatrists spend 20.3% of their day on paperwork, followed by physicians and general practitioners at 17.3%. Routine administrative tasks like this can be automated, but other areas probably don’t need AI. Professor David Dlanov of Northwestern University’s Kellogg School of Management told Kellogg Insights that most adults would rather hear from humans about their health, and that “the need for empathy… AI can’t serve.” Told. A University of Oxford report predicts that the jobs most likely to be automated in this area are medical transcriptionists, medical records, medical secretaries and medical information technicians, not the actual health care providers. . This extends to mental health as well. washington post I tried to create an AI version of the infamous psychologist Sigmund Freud, but I failed.
References
What You Need To Know About OpenAI’s ChatGPT — What It Breaks And How It Uses It (Forbes)
Bard vs. ChatGPT: Explaining Key Differences Between AI Chat Tools (Forbes)
BuzzFeed uses ChatGPT Creator OpenAI to create quizzes and other content (Wall Street Journal)
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