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Analytics: Generative AI will increase GDP, but put millions of people out of work

Aroged by Aroged
March 28, 2023
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Analytics: Generative AI will increase GDP, but put millions of people out of work
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Administrative staff and lawyers were especially unlucky.

Analytics: Generative AI will increase GDP, but put millions of people out of work

The spread of generative neural networks like ChatGPT can significantly affect the labor market, analysts at Goldman Sachs say. Automated content creation is expected to increase global GDP by 7% in ten years.

At the same time, the spread of neural networks-generators could put about 300 million people out of work, now working full-time. Analysts emphasize that we are talking about people working in the major economies of the world.

And here’s another story

Among the professions with the highest risk of dismissal are lawyers and administrative staff. Least of all, the spread of AI will affect people engaged in manual labor.

In addition, there will be many professions whose work AI automates only partially. Automation with generative neural networks is expected to affect 63% of American workers in one form or another.

Goldman Sachs believes that if the investment of large corporations in AI increases at the same pace as investment in software in the nineties, then by 2030 in the US alone, 1% of GDP can be spent on the development of AI.

This is interesting

Tags: AnalyticsGDPgenerativeincreaseMillionspeopleputwork

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