Observed Signal · Mar 29, 2023 · Research Report · Source: Trending Topics · Impact: 2/5 · Sentiment: Neutral
Goldman Sachs: AI Could Replace 300 Million Full-Time Jobs
A Goldman Sachs report estimates that generative AI systems such as ChatGPT and DALL-E could replace the equivalent of 300 million full-time jobs worldwide. The analysis suggests AI could automate about 25% of work tasks in the United States and Europe, while potentially increasing the annual global value of goods and services by 7%. Administrative tasks are seen as the most automatable at 46%, followed by legal tasks at 44%, whereas construction and maintenance roles are far less exposed. The report notes that since the 1980s, technological change has displaced workers faster than new jobs were created. However, long-term effects remain highly uncertain, and the authors emphasize potential productivity gains, cheaper services, and improvements to living standards.
Quantifies economic and labor impact of generative AI, informing AI adoption strategies across industries including AdTech; however, no direct advertising technology event or product news.
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Key Takeaways & Evidence Grounding
- Goldman Sachs estimates generative AI could replace the equivalent of 300 million full-time jobs.
- The report says AI could automate about 25% of work tasks in the United States and Europe.
- Goldman Sachs projects AI could increase annual global goods and services output by 7%.
- Administrative (46%) and legal (44%) tasks are seen as most automatable, while construction (6%) and maintenance (4%) are least.
- The report notes that since the 1980s, technology has displaced workers faster than new jobs were created.
Connected Companies & Entities
2 Entities mapped“Das Äquivalent von 300 Millionen Vollzeit-Arbeitsplätzen: So groß schätzt die Investmentbank Goldman Sachs das Potenzial von Künstlicher Int...”
“Bing mit ChatGPT von Microsoft. KI könnte zahlreiche Arbeitsplätze ersetzen....”
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