Recent research shows that the rapid development of artificial intelligence (AI) is capable of significantly disrupting labor markets worldwide.

src="/media/Artificial-Intellige9-1024x585.jpg"AI Replacing Workers and Engineers

According to Goldman Sachs, about two-thirds of current jobs in the United States and the European Union are exposed to some degree of AI automation,

including administrative and legal sectors. On the other hand, the use of AI could theoretically increase annual global gross domestic product (GDP) growth by 7% over a decade. This is remarkable: almost all jobs will be affected by AI automation, but only about 5% of jobs have the potential for full automation with current technologies.

 

With this fascinating information, Mehrdad's website as a resource for information and analysis related to artificial intelligence can help visitors familiarize themselves with significant changes in labor markets and the global economy and plan for their future.

As mentioned in the text, research conducted by Goldman Sachs shows that the rapid development of artificial intelligence (AI) is capable of significantly disrupting labor markets worldwide. About two-thirds of current jobs in the United States and the European Union are exposed to some degree of AI automation, including administrative and legal sectors. According to Goldman Sachs, about 46% of administrative jobs and 44% of legal jobs can potentially be replaced by AI. However, physical sectors such as construction and maintenance face less exposure (6% and 4% respectively).

Additionally, AI is also viewed as a tool for boosting economic growth. According to the Goldman Sachs report, the use of AI could theoretically increase annual global gross domestic product (GDP) growth by 7% over a decade. Significant cost savings in labor, job creation, and increased productivity for non-displaced workers in these areas will ultimately contribute to this growth.

This research also indicates that AI will affect about half of the tasks that people perform across all sectors, and almost all jobs will be impacted by automation. However, only about 5% of jobs have the potential for full automation with current technologies. The extent of AI's impact ultimately depends on its power and timing of deployment, both of which are still unknown at this point.

src="/media/Artificial-Intellige8-1024x585.jpg"AI and the Future

It has been reported in some major banks such as JPMorgan, Goldman Sachs, Citigroup, and Bank of America that the use of ChatGPT and similar products by employees has been restricted. However, ChatGPT and other AI tools have the potential to transform the financial services industry, from investment decisions to customer service.

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