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300 million people will lose their jobs due to artificial intelligence - Goldman Sachs

March 30, 2023 | 21:04 |9468
The development of generative artificial intelligence (AI) can lead to the full automation of 25% of jobs, predicted one of the largest investment banks in the world, Goldman Sachs, based in the United States.The development of generative artificial intelligence (AI) can lead to the full automation of 25% of jobs, predicted one of the largest investment banks in the world, Goldman Sachs, based in the United States.
Source: investingnews.com

The development of generative artificial intelligence (AI) can lead to the full automation of 25% of jobs, predicted one of the largest investment banks in the world, Goldman Sachs, based in the United States.

According to analysts of the investment bank, about 300 million people around the world may lose their jobs in the next 10 years due to the introduction of artificial intelligence (AI) in various fields of activity.

AI has long been used in industries such as manufacturing, finance, medicine and transportation. But in the near future, he will begin to replace workers in filling out tax returns for small businesses, assessing a complex insurance case.

According to experts, AI will be able to perform tasks that require repeatable actions or the simplest analytical tasks. As a result, many people may find themselves out of work.

In the USA, progress in the field of artificial intelligence will not affect in any way only 30% of workers engaged in physical labor, 63% will be able to automate part of their work tasks, and 7% will be at risk of dismissal.

Simultaneously with the growth of the use of generative AI, the volume of investments in these technologies will also increase significantly, Goldman Sachs experts expect.

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