Artificial intelligence is about to disrupt the labor market and eliminate thousands of white-collar and white-collar jobs, experts have warned.
Since last May, companies have cited AI as the reason for 4,628 job cuts, although the real number is likely much higher, according to data from the outplacement company Challenger, Gray & Christmas.
OpenAI CEO Sam Altman has been forceful in his predictions that AI will radically alter the labor market and eliminate some types of jobs.
‘Many people who work in AI pretend that it will only be good; It will only be a complement; “No one is ever going to be replaced,” he said. The Atlantic in an interview last July.
“Jobs are definitely going to disappear, period,” Altman added.
OpenAI CEO Sam Altman has been forceful in his predictions that AI will radically alter the labor market and eliminate some types of jobs.
In recent weeks, AI-related management layoffs have increased, with job cuts announced at Alphabet, Duolingo and UPS, among others.
“The impact of the rapid advancement of AI adoption is beginning to be felt from a workplace perspective, particularly in media and technology, but truly across all industries,” said Andrew Challenger, senior vice president at Challenger, Gray & Christmas. .
“That said, companies don’t directly blame AI for many layoff decisions,” he added, noting that most companies simply refer to “cost cutting” to explain job cuts, making it difficult to determine the role of AI.
Generative AI programs like OpenAI’s ChatGPT have the ability to quickly produce written and visual content that rivals the quality of work created by humans.
Just as automation and robotics radically changed the nature of manufacturing work, AI could soon remake the work of knowledge and information, experts say.
“This wave (of technology) is a potential replacement or enhancement for many white-collar and critical-thinking jobs,” Challenger recently told the Wall Street Journal.
Last month, the popular language learning app Duolingo cut about 10 percent of its workforce, saying it would rely on artificial intelligence to create much of its content.
Google also said it would lay off hundreds, saying it planned to cut costs on internal hardware and software and shift investments toward AI.
Last month, the popular language learning app Duolingo cut about 10 percent of its workforce, saying it would rely on artificial intelligence to create much of its content.
Google also said it would lay off hundreds, saying it planned to cut costs on internal hardware and software and shift investments toward AI.
Companies are often cautious about admitting that job cuts are due to advances in AI, even as they try to convince investors that the technology will increase efficiency.
In late January, UPS announced 12,000 job cuts, the largest layoffs in the company’s history.
CEO Carol Tomé touted AI as a driver for cost reduction, citing as an example that the technology would allow sales staff to put together proposals without consulting pricing experts.
The company later backtracked and publicly insisted that AI is not replacing workers, according to Bloomberg.
One study Led by Princeton professor Ed Felten, it lists the jobs most at risk of being replaced by AI.
They include management analysts, lawyers, teachers, judges, financial advisors, real estate brokers, loan officers, psychologists, and human resources and public relations roles.
However, with the rise of AI, other job categories could flourish.
A report revealed the best cities to move to if you want to avoid AI and the top cities you should consider staying away from. Green thumbs up are the safest places to work, while red thumbs down are places that will lose jobs due to AI.
According to LinkedIn, the number of job postings mentioning AI has more than doubled since 2021, while the technology contributed to the loss of more than 4,000 jobs in May last year, according to a separate report. report by Challenger, Gray and Christmas.
LinkedIn job postings that mention AI or generative AI have seen 17 percent growth over the past two years relative to job postings that do not mention artificial intelligence.
U.S. jobs likely to be at high risk of being replaced by AI include budget analysts, technical writers and web developers, while careers such as barbers, firefighters and pipelayers have the lowest risk, according to a study. study. Pew Research Center Report.
In the middle of the highest-risk jobs are CEOs, veterinarians, interior designers and sales managers.
Meanwhile, jobs that will be in increasing demand are technology-based occupations, including machine learning engineers, natural language processing (NLP) scientists, software developers, and data scientists.
“We are seeing demand for AI skills increasingly appearing across a wide range of industries and geographies,” said Olivier Sabella, vice president of LinkedIn Talent Solutions. CNBC.
“These jobs range from roles where professionals will work directly on AI development, such as AI engineers, to jobs where AI is listed as a required skill.”