300 million jobs lost due to AI
Generative AI has destroyed 300 million jobs. According to a report published by Goldman Sachs, generative AI will affect 300 million jobs.
The greatest impact is seen on the labor market. It is said that AI will take away two-thirds of America’s jobs. Sackman suspects that AI will take up 7 percent of the total employment in America.
In 63 percent, AI will be used to facilitate employees and 30 percent of jobs will not be affected by the increasing development of AI, the report states.
It is mentioned in his report that AI will increase the value of goods and services by 7 percent. After the remarkable success of ChatGPT, more efforts have been started in the development of AI.
In the US, office and administrative support positions are at greatest risk of job replacement. 46 percent of these jobs will be replaced by AI.
Similarly, 44 percent of legal positions and 37 percent of architecture and engineering are likely to be replaced by AI.
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