Goldman Sachs predicts massive job loss due to AI takeover.
TL;DR Summary
Goldman Sachs predicts that generative AI models like OpenAI's GPT-4 could impact 300 million full-time jobs globally, with around 25% of the current workforce being substituted by AI and two-thirds seeing some degree of automation to their jobs. The future employability of workers depends on which AI company wins out behaving responsibly. OpenAI is in the lead, and its apparent willingness to roll out advanced AI models as soon as they're ready points more to a future where the tech replaces vast swathes of the workforce. The smarter the AI, the quicker jobs will be replaced.
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