Goldman Sachs: AI To Slash Jobs But Boost GDP

Goldman Sachs: AI To Slash Jobs But Boost GDP

According to a new report from global investment bank Goldman Sachs, around 300 million jobs could be lost or diminished through the implementation of artificial intelligence, and two-thirds of all occupations will become partially automated.

At the same time, however, AI will create new types of jobs and cost savings and drive an annual increase of 7% in global GDP, equivalent to USD7 trillion, according to a Goldman Sachs Research unit report.

“Despite significant uncertainty around the potential for generative AI, its ability to generate content that is indistinguishable from human-created output and to break down communication barriers between humans and […]

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