How Will AI Affect the Global Workforce? — from goldmansachs.com
- Despite concerns about widespread job losses, AI adoption is expected to have only a modest and relatively temporary impact on employment levels.
- Goldman Sachs Research estimates that unemployment will increase by half a percentage point during the AI transition period as displaced workers seek new positions.
- If current AI use cases were expanded across the economy and reduced employment proportionally to efficiency gains, an estimated 2.5% of US employment would be at risk of related job loss.
- Occupations with higher risk of being displaced by AI include computer programmers, accountants and auditors, legal and administrative assistants, and customer service representatives.
The Neuron recently highlighted the above item. Here is Grant Harvey’s take on that and other AI-related items:
- Goldman Sachs’ says AI’s job hit will be real… but thankfully, brief.
Goldman Sachs says AI will lift productivity with only brief job losses, which we think means it’s time to shift our work mindset from set roles to outcome-based delivery, leading to more small teams who win back local market share from slower moving corporations.
UK businesses are dialing back hiring for jobs that are likely to be affected by the rollout of artificial intelligence, a study found, suggesting the new technology is accentuating a slowdown in the nation’s labor market. Job vacancies have declined across the board in the UK as employers cut costs in the face of sluggish growth and high borrowing rates, with the overall number of online job postings down 31% in the three months to May compared with the same period in 2022, a McKinsey & Co. analysis found. Tiwa Adebayo joins Stephen Carroll on Bloomberg Radio to discuss the details.
I talked to Sam Altman about the GPT-5 launch fiasco – from theverge.com by Alex Heath
Over dinner, OpenAI CEO’s addressed criticism of GPT-5’s rollout, the AI bubble, brain-computer interfaces, buying Google Chrome, and more.
Sam Altman, over bread rolls, explores life after GPT-5 — from techcrunch.com by Maxwell Zeff
But throughout the night, it becomes clear to me that this dinner is about OpenAI’s future beyond GPT-5. OpenAI’s executives give the impression that AI model launches are less important than they were when GPT-4 launched in 2023. After all, OpenAI is a very different company now, focused on upending legacy players in search, consumer hardware, and enterprise software.
OpenAI shares some new details about those efforts.