Tag: inequality

ChatGPT and its potential for job replacement: A comprehensive analysis

ChatGPT and its potential for job replacement: A comprehensive analysis

Representational image: ChatGPT’s potential for job replacement. The rapid advancements in artificial intelligence (AI) and automation have dramatically reshaped how we live, work, and interact with each other – and with technology. One such advancement is ChatGPT, developed by OpenAI, which promises to fundamentally alter the landscape of various industries by providing near-human-like communication capabilities.

ChatGPT , or Chatbot Generalized Pre-trained Transformer, is a cutting-edge natural language processing model designed to understand and generate real-time human-like textual responses.

Related ChatGPT: 30 incredible ways to use the AI-powered chatbot Discover how ChatGPT-4 is better than GPT-3.5 What ChatGPT-4 will […]

AI and robots fuel new job displacement fears

AI and robots fuel new job displacement fears

Illustration: Annelise Capossela/Axios For all the hand-wringing over whether robots will replace human workers, ChatGPT and its ilk — tools known as generative AI — are shaping up to be a big employment threat too.

Why it matters: Robots tend to replace manual laborers, while artificial intelligence threatens knowledge workers — ensuring that people of all education levels can look nervously over their shoulder at the tech gunning for their paycheck.

State of play: Robots’ growing sophistication has them starting to work as everything from security guards , window washers and assembly line workers to food deliverers and fry […]

Artificial Intelligence automation may impact two-thirds of jobs, says Goldman Sachs

Artificial Intelligence automation may impact two-thirds of jobs, says Goldman Sachs

At the speed, at which the advancement of artificial intelligence (AI) is being witnessed, it has the potential to significantly disrupt labour markets globally. And this is certified in the research done by Goldman Sachs.

As per that research, roughly two-thirds of current jobs are exposed to some degree of AI automation in the US and the European Union. Administrative and legal are those sectors which can see the maximum impact. Goldman Sachs says 46 percent of administrative jobs and 44 percent of legal jobs can be substituted by AI. The ones with low exposures are physically-intensive professions such as […]

Humans Need Not Apply

Humans Need Not Apply

Automation, replacing human workers with machinery, computers, software, and technology, has revolutionized various industries. In this post, we will explore how automation has led to a rise in productivity, improved the quality of life for people, and freed up workers to advance into more productive jobs. The Impact of Automation on Employment

One hundred years ago, the United States was primarily an agricultural society and a significant portion of the population was employed in farming. In 1920, the US population working in farming was around 27 percent, with approximately 10 million workers engaged in agricultural activities. However, as technology […]

The Paradox Of Crappy Jobs: Automation And Unemployment Are Not Mutually Exclusive

The Paradox Of Crappy Jobs: Automation And Unemployment Are Not Mutually Exclusive

Photo by Ernie Journeys on Unsplash So I recently read this article:

Luddites and AI

Capitalism aims to convert ambition to success. Its alchemy of incentives fosters a relentless pursuit of economic… medium.com which says In 1850 farming made up 3 in 5 U.S. jobs. By 1970 that number was less than 1 in 20. From tractors to pesticides to preservatives, technological innovation was the creative destroyer that eliminated most jobs in America. But the void was filled by … everything else. Entire sectors were created that employed tens of millions of Americans. and displays this diagram Interesting. Because […]

Workplace 2030: The robots are coming (and they’re more intelligent than ever)

Workplace 2030: The robots are coming (and they’re more intelligent than ever)

David Hanson is no stranger to going against the grain.

A PwC survey of 10,000 global workers found that 73 percent believe that technology will never replace the human mind but Hanson, the Founder and CEO of the eponymously named Hanson Robotics, has a contrary view.

“I don’t see why somebody would conclude that technology will never replace the human mind,” he says adamantly.“The term ‘never’ becomes quaint over time. For instance, ‘we will never fly’ or ‘we will never need computers with greater than X number of megabytes or kilobytes’.”The sculptor turned robotics designer has a history of breaking new […]

Gary Vaynerchuk compares the rise of AI like ChatGPT to the way the internet revolutionized work: ‘AI is coming for our jobs and that’s ok’

Gary Vaynerchuk compares the rise of AI like ChatGPT to the way the internet revolutionized work: 'AI is coming for our jobs and that's ok'

Entrepreneur and internet personality Gary Vaynerchuk is optimistic that workers will survive the rise of AI, although some experts are more ambivalent. Gary Vaynerchuk predicts that AI software like ChatGPT will eliminate many jobs.

He’s optimistic about workers’ ability to rally and adapt to AI, or create new roles.

That’s been true to an extent about previous types of automation, but AI looks likely to impact a broader demographic of workers. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up!Access your favorite […]

US experts warn AI likely to kill off jobs – and widen wealth inequality

US experts warn AI likely to kill off jobs – and widen wealth inequality

Economists wary of firm predictions but say advances could create new raft of billionaires while other workers are laid off New technologies like AI often produce jobs that no one could predict – before the invention of computers, who would have foreseen the job of computer programmer? ChatGPT is just the latest technology to fuel worries that it will wipe out the jobs of millions of workers, whether advertising copywriters, Wall Street traders, salespeople, writers of basic computer code or journalists.

But while many workforce experts say the fears that ChatGPT and other artificial intelligence (AI) technologies will cause unemployment […]

Automation Isn’t the Cause of Unemployment — Capitalism Just Can’t Generate Enough Jobs

Automation Isn’t the Cause of Unemployment — Capitalism Just Can’t Generate Enough Jobs

Social theorists identify automation as both the main cause of unemployment and the future launchpad for a high-tech post-scarcity world. But, Aaron Benanav argues, the problem is the stagnation of global capitalism and its inability to generate enough jobs. Workers debug the equipment in a production line in Hai’an City, Jiangsu Province, China. (Costfoto / Future Publishing via Getty Images) The new issue of Jacobin is out now. Subscribe today and get a yearlong print and digital subscription. Science fiction has traditionally depicted a robot takeover as a conscious bid for global domination by our mechanical offspring. From The […]

Inequality in decline? Tech jobs fade, waitstaff jobs boom.

Inequality in decline? Tech jobs fade, waitstaff jobs boom.

On one side of Chauncy Street in downtown Boston last week, laid-off tech workers came to the headquarters of internet provider Starry to drop off their company equipment and say goodbye. “It’s sad,” says the security guard downstairs. “I tell them I’m sorry.”

On the other side of Chauncy Street, the Lotus Test Kitchen is hopping. You can smell the spices even before opening the door. Inside, seven food-prep workers make rice bowls for delivery services that will bring lunch to customers all around Greater Boston. The newest employee, who just started that morning, tentatively places toppings on the rice […]