According to a study from Goldman Sachs, a quarter of business work carried out across the US and the eurozone could be automated, with generative AI capabilities projected to raise annual global CDP by 7 per cent over 10 years, reported the Financial Times.
On the flipside however, the duties of 300 million full-time workers across major economies are predicted to be exposed to the technology, with lawyers and administrative staff to be at greatest risk of becoming redundant.
The Goldman Sachs study says that most employees will see less than half of their workload become automated, allowing them to continue in their roles while more time is freed up to help towards more valuable tasks that impact the bigger picture.
Goldman’s projections are based on data detailing the typically performed administrative tasks across thousands of job roles in the US and Europe.
Which jobs will be impacted?
Meanwhile, further research from OpenAI — the developer of notable generative AI-powered tool ChatGPT — reveals that 80 per cent of staff in the US could see at least 10 per cent of duties transferred to the technology.
The startup also found from its analysis of job roles that around a fifth of the US workforce would see over 50 per cent of work become “exposed” to ChatGPT, meaning the tool could carry them out faster with no loss of quality, said The Times.
Below are the ten jobs found by OpenAI’s research to be most at risk to exposure:
| Job group | % |
|---|---|
| Personal finance advisors and brokers | 56% |
| Insurers | 52% |
| Data Processing | 52% |
| Other news and information services | 52% |
| Journalism and publishing | 52% |
| Credit and mortgage brokers | 51% |
| Licencing of patents, trademarks | 50% |
| Investment funds and trusts | 49% |
| Central bank monetary authorities | 49% |
| Wholesale electronic markets and brokers | 48% |
Source: OpenAI
Related:
What is generative AI and its use cases? — Generative AI is the is a technological marvel destined to change the way we work, but what does it do and what are its use cases for CTOs?
Q&A: Putting people first in augmented intelligence — Nebuli CEO Tim El-Sheikh spoke to Information Age about how to successfully deploy augmented intelligence, the skills required to see this through, and ensuring maintenance of ethical standards.
