One of the most successful investment banks, Goldman Sachs, is thinking ahead to the future at where they want to be at with Artificial Intelligence. Their Chief Information Officer has declared that in 2025 he is will implement Large Language Models(LLMs). This type of Intelligence is a model that uses deep learning to process natural language and used to generate, translate, and answer questions. This gives AI the abilities of a human worker. So what does that mean for actual human workers?
There is talk of hybrid workforce. AI will be treated more like employees and will work in a team with human workers. This brings a whole different side to a business. You will need people educated in AI in order to manage human and AI collaborations. Another aspect is Human Resources. Will there be HR for AI? If a Intelligence system is underperforming they might get removed or replaced with better AI and you need someone educated in AI to test this.
77% of companies are either using AI or exploring AI. How will this look on the economy? In the book the Work of the Future, the authors main point they argue is the AI will reduce middle skilled jobs. This is going to leave a lot of workers left behind. But they specify that we need to be ready for that and have better job direction for these kind of workers.
There is no question AI will take some jobs in the Labor Force. It will shift the demand for jobs and may potentially increase inequality. But it will give arise to a whole new swarm of AI related jobs and take over routine repetitive jobs. It will make industries more efficient and hopefully create new industries that may spur economic growth.
https://mitpress.mit.edu/9780262547307/the-work-of-the-future/
https://www.goldmansachs.com/insights/articles/what-to-expect-from-ai-in-2025-hybrid-workers-robotics-expert-models
4 comments:
It will be interesting to see how AI impacts the labor force and whether or not there will be a shift in jobs. I believe that while some jobs may be lost to AI, other new jobs will arise for people to take on that may involve modifying or working with AI systems. I believe this AI revolution will change how humans and AI interact in the workplace and will create many new opportunities for advancement.
Given the possibility that some jobs may be lost due to the rise of AI, do you believe that the government has the responsibility to step in and regulate the industry to protect peoples' jobs? If so, what actions could the government take?
How do you think businesses can prepare their current workforce for the shift toward a hybrid model with AI, while also addressing potential job loss?
In my experience of using AI, it generally has been beneficial for my work. It can sometimes help with the menial tasks and I can take on the more complex ones. I look forward to seeing how it improves in the future, as it could greatly benefit some workers, but unfortunately it will take some jobs along the way.
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