ChatGPT-style AI will have a large impact but new jobs could emerge, a Goldman Sachs report says.
Artificial intelligence could replace the equivalent of 300 million full-time jobs, a report by investment bank Goldman Sachs says.
Generative AI, able to create content indistinguishable from human work, is "a major advancement", the report says.will "ultimately drive productivity across the economy", and has tried to reassure the public about its impact. "Journalists will therefore face more competition, which would drive down wages, unless we see a very significant increase in the demand for such work.
And if generative AI is like previous information-technology advances, the report concludes, it could reduce employment in the near term.
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