They estimate that AI could automate '300 million' full-time jobs — and they're thrilled!
about generative AI — because generative AI tools could let 'em fire human workers and replace them with AI en masse. Hooray!
Translation? While the future of generative AI is still up in the air, right now, its output is already comparable, in the bank's eyes, to the output of enormously costly human labor. Replace humans with machines, and you no longer have to pay for livelihoods — just subscription fees. "Using data on occupational tasks in both the US and Europe, we find that roughly two-thirds of current jobs are exposed to some degree of AI automation, and that generative AI could substitute up to one-fourth of current work," reads the report. "Extrapolating our estimates globally suggests that generative AI could expose the equivalent of 300 [million] full-time jobs to automation.
Historically speaking, it's a fair point — but one, we gotta say, that definitely dissociates a bit from the immediate pain that eliminating an estimated 300 million jobs will cause. There's also the reality that those who repeat that line —— have little to offer in terms of what those generative AI-created roles might look like, and when we might expect to see them crop up.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs says generative A.I. could impact 300 million jobs — here's which onesArtificial intelligence could automate up to a quarter of work in the U.S., a Goldman Sachs report says. Here's the most affected sectors and countries.
Read more »
Goldman Sachs scraps plan to buy private jet equipped with a shower: sourceThe firm declined to exercise an option to upgrade either its Gulfstream G280 or its G650ER, Insider reported.
Read more »
Generative AI could affect 300 million full-time jobs, Goldman SachsAI systems like ChatGPT could impact 300 million full-time jobs worldwide, with administrative and legal roles some of the most at risk, Goldman Sachs report says
Read more »
Goldman Sachs names Michael Marsh as EMEA financing group head - memoGoldman Sachs Group Inc is shaking up the leadership ranks at its global financing group after the Wall Street bank merged its investment banking and trading business into a single unit.
Read more »
Pound Sterling: Bullish bias building up in six months – Goldman SachsAnalysts at Goldman Sachs have changed their call on the Pound Sterling from bearish to bullish, now targeting EUR/GBP at 0.8800 and GBP/USD at 1.1900
Read more »
Goldman Sachs says this energy stock is undervalued and poised for strong gainsGoldman Sachs is bullish on Marathon Petroleum, saying that as prices in the oil industry become more volatile, the company will continue to outperform.
Read more »