Goldman Sachs Predicts AI Will Eliminate 300 Million Jobs. Are You Prepared?
Channel: The Black Voice
Date: 2023-05-07

Goldman Sachs Predicts AI Will Eliminate 300 Million Jobs. Are You Prepared?

If generative AI lives up to its hype, the workforce in the United States and Europe will be upended, Goldman Sachs reported this week in a sobering and alarming report about AI's ascendance. The investment bank estimates 300 million jobs could be lost or diminished by this fast-growing technology.

Goldman contends automation creates innovation, which leads to new types of jobs. For companies, there will be cost savings thanks to AI. They can deploy their resources toward building and growing businesses, ultimately increasing annual global GDP by 7%.

In recent months, the world has witnessed the ascendency of OpenAI software ChatGPT and DALL-E. ChatGPT surpassed one million users in its first five days of launching, the fastest that any company has ever reached this benchmark.

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