27 Tweets 34 reads May 07, 2023
By 2025, ChatGPT will destabilize hundreds of millions of white-collar jobs.
It could mean mass job loss for the highly educated.
Here's what you need to know:
Historically, automation negatively impacted lower paid workers.
From robots to phone-answering systems, technology simply replaced factory workers, receptionists, and others.
But ChatGPT and other generative AI will disrupt knowledge workers and creatives.
According to a study by OpenAI, OpenResearch, & UPenn -
The jobs most impacted will be:
- high wage
- writing
- programming
- information processing
- requires college degree or higher
- routine & repetitive work
arxiv.org
Individuals with Bachelor’s, Master’s, and professional degrees are more
exposed.
Including:
Mathematicians
Writers / Authors
Web & Digital Interface Designers
Accountants & Auditors
Reporters & Journalists
Legal Secretaries & Administrative Assistants
Another study identifies the occupations most exposed to advances in generative AI, both language and image models.
Top occupations most exposed to AI’s language modeling skills include:
• Postsecondary teachers
• Sociologists
• Political scientists
• Human resources specialists
• Arbitrators, mediators, and conciliators
Top occupations most exposed to AI’s image generation skills:
• Interior designers
• Architects
• Chemical engineers
• Art directors
• Film and video editors
Exposure to generative AI is highest for salaries above $75K.
Exposure to language models is highest for occupations that require higher levels of education.
Exposure to image and language models is highest for the more creative occupations.
Some influential thinkers suggest that LLMs will take years to impact real jobs.
But LLMs are already impacting the hiring decisions of big companies.
AI-powered tools and workflows will slow or stop future growth in head count.
Per Business Insider, tech giants aren't just cutting thousands of jobs — they're making them extinct.
businessinsider.com
According to Reuters, IBM is pausing hiring in a plan to replace 7,800 jobs with AI.
CEO Arvind Krishna said 30% of non-customer-facing roles could be replaced by AI and automations in five years.
Dropbox is laying off around 500 employees, about 16% of the company’s entire workforce.
In a memo to employees Dropbox CEO Drew Houston wrote:
Our next stage of growth requires a different mix of skill sets, particularly in AI and early-stage product development.
BuzzFeed is also making major AI-driven changes.
In January, CEO Jonah Peretti told employees in a memo that they can expect “AI inspired content” to “move from an R&D stage to part of our core business.”
theverge.com
China's Bluefocus is replacing external copywriters and graphic designers with generative AI.
According to an internal memo: To embrace the new wave of AI-generated content, we've decided to halt all spending on third-party copywriters and designers.
techspot.com
The next steps are obvious.
When companies can substitute machines for people, they will.
Other experts say you should not worry about AI causing mass unemployment:
But some believe the impact will be severe.
"ChatGPT & the tidal wave of generative AI tech will wipe out not just jobs, but entire sectors.
This gargantuan disruption will affect the self-declared “best and brightest” among us." ~ @didou
cmswire.com
Here are 13 tips for how to respond to career disrupting AI:
1. stay relevant by innovating
2. reflect, learn, adapt fast
3. be strategic
4. learn as much as possible about it
5. be creative and train AI
6. build effective relationships
7. develop yourself, not your position
8. be on top of it
9. find creative ways to incorporate it
10. develop deep emotional intelligence
11. be flexible
12. focus on human-to-human interaction
13. don't fight it, befriend it
forbes.com
That's all for today, folks.
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