•Since its launch in November of the previous year, OpenAI’s ChatGPT has been utilized for composing cover letters, coding tasks, and even aiding students in plagiarizing their essays.
•The chatbot’s capabilities appear to surpass our initial expectations, as Google discovered that, in theory, the search engine would consider hiring the bot as an entry-level programmer if it were to interview for a position.
•Employees at Amazon who tested ChatGPT expressed that it performs admirably in responding to customer support inquiries, excels at creating training documents, and displays significant proficiency in addressing queries related to corporate strategy.
•This trend has not gone unnoticed by companies, as both IBM and the British telecommunications giant BT Group attributed their job cuts to the implementation of AI technology, stating that certain positions may not be reinstated.
•Contrary to the findings of a 2013 University of Oxford study, which suggested that 47% of US jobs could be eliminated by AI within two decades, recent research by Goldman Sachs has identified generative AI tools as potential catalysts for impacting a staggering 300 million full-time jobs globally.
•This realization highlights the potential for significant disruption in the job market.
•Nevertheless, it remains crucial to exercise human judgment when utilizing these technologies in order to mitigate the risks of error and bias.
•Users of ChatGPT have also reported instances where the bot generates misinformation, provides incorrect solutions to coding problems, and makes errors in basic mathematics.
•It is imperative to view these tools as means to enhance productivity rather than complete replacements, necessitating human involvement and oversight.
Tech jobs (Coders, computer programmers, software engineers, data analysts)
•Coding and computer programming are in-demand skills, but ChatGPT and similar AI tools may fill in some of the gaps soon.
•Advanced technologies like ChatGPT could produce code faster than humans, which means that work can be completed with fewer employees
•AI will help coders rather than replace them. It can fast pace the process of covering or converting business logic to code and also help in finding the error in the code
Media jobs (advertising, content creation, technical writing, journalism)
•Various media jobs, including those in advertising, technical writing, journalism, and any role involving content creation, could potentially be impacted by ChatGPT and similar AI technologies. This is because AI exhibits proficiency in reading, writing, and comprehending text-based data.
•The media industry has already started to experiment with AI-generated content. For instance, tech news site CNET employed a ChatGPT-like AI tool to produce numerous articles, although the publisher had to issue corrections for some of them. Similarly, BuzzFeed has utilized technology from the creators of ChatGPT to generate new types of content such as quizzes and travel guides.
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•But we should also assert that most of the work carried out by content creators cannot be automated. Its obvious that significant role of human judgment inherent in these occupations.
Legal industry jobs (paralegals, legal assistants)
•According to a recent report by Goldman Sachs, legal workers in the United States are likely to be significantly impacted by generative AI.
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•Legal services have a relatively small number of jobs and have already experienced considerable exposure to AI automation even before the emergence of new AI tools.
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•Similar to roles in the media industry, jobs in the legal sector, such as paralegals and legal assistants, involve consuming large amounts of information, synthesizing it, and then presenting it in the form of a legal brief or opinion. These language-oriented roles are particularly susceptible to automation.
•The data in the legal field is highly structured and language-oriented, making it well-suited for generative AI applications.
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•However, it is important to note that these jobs cannot be fully automated as they require human judgment to understand the specific needs and expectations of clients or employers.
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•The potential impact of AI in these roles as a productivity boost, as the tools can enhance the efficiency and effectiveness of certain tasks.
Market research analysts
•AI excels in data analysis and predicting outcomes, which is why market research analysts may face potential changes driven by AI.
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•Market research analysts have the task of gathering data, identifying patterns and trends within that data, and utilizing their findings to develop successful marketing campaigns or determine optimal advertising placements.
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•These are tasks that AI is now demonstrating the ability to handle effectively.
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Teachers
•Teachers nationwide are expressing concerns about students using ChatGPT to cheat on their homework, but, I think that teachers should also consider their job security.
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•ChatGPT already has the capability to teach classes. Although it may have some bugs and inaccuracies in terms of knowledge, but these can be easily improved by training ChatGPT.
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•However, we should not worried be about being replaced by the technology. There will always be a need for teachers and human connection that comes with in-person instruction.
Finance jobs (Financial analysts, personal financial advisors)
•The jobs in personal finance such as financial analysts and personal financial advisors, which involve working with substantial amounts of numerical data, can be influenced by AI.
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•AI has the ability to identify market trends, analyze the performance of investments within a portfolio, communicate this information, and utilize additional data from financial companies to forecast an improved investment mix.
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•While these analysts earn substantial incomes, but certain aspects of their roles can be automated.
Traders
•According to experts, ChatGPT has the potential to disrupt jobs across various industries on Wall Street, including trading and investment banking.
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•ChatGPT and similar AI technologies can automate specific tasks currently performed by knowledge workers. This automation allows these workers to shift their focus to higher-value tasks.
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•Certain roles could be at risk. For example, in investment banks, individuals are often hired after college and spend a few years performing tasks like Excel modeling, which can potentially be handled by AI.
•AI has the capability to take over such repetitive and mundane tasks, freeing up human workers to engage in more complex and strategic responsibilities.
Graphic designers
•In a post published in the Harvard Business Review, three professors highlighted the potential disruption caused by DALL-E, an AI tool capable of generating images rapidly, in the graphic design industry.
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•The professors noted that upskilling millions of people in image creation and manipulation could have a profound impact on the economy. They acknowledged that these advancements in AI are likely to bring about hardship and economic challenges for individuals whose jobs are directly affected and who struggle to adapt.
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•However, AI tools like ChatGPT may actually assist workers in “creative” fields such as art and graphic design in producing higher quality work.
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•The key issue lies less in automation and more in the democratization and competition facilitated by AI, which could potentially lead to lower wages for professionals in certain industries.
Customer service agents
•It is indeed becoming increasingly common to encounter automated customer service systems, where chatbots and related technologies handle customer inquiries. This trend is expected to continue with the advancements in AI, such as ChatGPT.
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•According to a study conducted by Gartner, a tech research company, it is projected that by 2027, approximately 25% of companies will adopt chatbots as the primary channel for customer service. This indicates the growing prominence of chatbots in customer support operations.
