The rise of generative AI has many technology professionals worried about job continuity. But what if, thanks to AI, technology professionals could have a lucrative side hustle or even hold two full-time jobs at the same time?
New research from Morgan Stanley (to the tip of the hat business insider due to breakdown) suggests that the number of people holding multiple jobs is increasing. The paper added that the “emergence of cheap or free and rapidly democratized access to generative AI tools” could generate up to $83 billion of the $400 billion in expected income from multiple jobs by 2030. More optimistic projections suggest that revenue from multiple jobs will reach $1.4 trillion by the end of this decade, with AI accounting for a significant portion of the $300 billion.
Quoted by Morgan Stanley programmingcontent creation, and graphic and web design This includes jobs that could be affected by this trend, along with non-tech jobs such as tutoring, affiliate marketing, and e-commerce dropshipping.
ChatGPT and Meta Llama 2 Write and debug code. This could free up engineers and developers to focus their time and energy on more creative aspects of their work, such as coming up with new features. Of course, as these tools become more sophisticated, the time savings may allow tech professionals to radically adjust their workflows, perhaps allowing them to focus more on side hustles, personal projects, or even side hustles.
No matter your role in the technology industry, it’s also important to understand how AI and machine learning actually work and how they will evolve. According to a recent report from consulting firm McKinsey: Technology trends outlook for 2023If you’re interested in AI, here’s what you need to understand:
These technologies power increasingly powerful tools such as: Low-code and no-code platformsInfrastructure as Code, and Advanced Microservices. What will you do with your free time with these new tools?
