For those wondering when Artificial intelligence will begin to replace human jobsthe answer is already.
Artificial intelligence contributed to nearly 4,000 job losses last month, according to the data From Challenger, Gray & Christmas, interest in the ability of evolving technology to perform advanced organizational tasks and ease workloads has grown rapidly.
the a report Released Thursday by the outplacement firm, it shows that layoff announcements from US employers reached more than 80,000 in May – a jump of 20% from the previous month and nearly four times the level in the same month last year. Of those cuts, AI was responsible for 3,900, or nearly 5%, of all job losses, making it the seventh largest contributor to May employment losses cited by employers.
The job cuts come as companies waste no time adopting advanced AI technology to automate a range of tasks — including creative work, such as writing, as well as administrative and clerical work. The AI industry is expected to grow to over $1 trillion fueled by major technological developments that emerged last fall with the launch of OpenAI’s ChatGPT bota a report By Bloomberg Intelligence analysts appears.
This is the first time that artificial intelligence has been included in the Challenger report, but not the first time that rapidly evolving technology has made headlines to replace humans.
ChatGPT enters the newsroom
The Washington Post reported this week that two copywriters lost their livelihoods because their employers (or clients) decided that ChatGPT could do the work more cheaply. Media companies like CNET have already laid off reporters while using artificial intelligence to write articles, which had to be corrected later. Scientific theft. Earlier this year, an eating disorder helpline used a chatbot to replace human employees who had unionised. It was recently Pull the plug on the bot after giving people tips about problematic dieting.
In March, investment bank Goldman Sachs in A a report Artificial intelligence can finally Replacing 300 million full-time jobs globally and affects nearly a fifth of employment – with a particular disadvantage to white-collar jobs often seen as resistant to automation, such as management and legal professions.
Artificial intelligence is also a concern in television and Entertainment book strike which began in May, with writers claiming better wages and job security in addition to nearly a total Ban the use of artificial intelligence To produce written entertaining content.
But analysts point out that, as with previous technology replacing human workers, generative AI is already Create new jobsthe booming industry is just beginning.
“Generative AI is poised to become a monster recruiter because of… estimates Ben Emmons, director of NewEdge Wealth, said in a note on Friday:
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