Produced by: BT Desk Designed by: Manoj Kumar
AI is set to affect nearly 40% of all jobs, according to IMF. "In most scenarios, AI will likely worsen overall inequality," says IMF's MD Kristalina Georgieva. So what kind of jobs are at risk? Click to know
Tech jobs such as software developers, web developers, computer programmers, coders, and data scientists face risk. Tech firms are already experimenting with OpenAI for many problems.
Advertising, technical writing, journalism, and any role that involves content may be impacted by AI because of its ability to produce and understand text-based data. Economist Paul Krugman says ChatGPT may be able to do tasks like reporting and writing "more efficiently than humans."
AI can replicate some of the work legal assistants do such as contract analysis, research, document review. A 2023 study from Goldman Sachs says AI could perform 44% of the tasks that US, European legal assistants handle.
AI's ability to analyse data and predict outcomes can pose as a risk for market research analysts. AI can process large volumes of data, detect patterns and organize its findings into visuals, making it ideal for quickly delivering industry insights to teams without human intervention.
Teachers are susceptible . Edtech companies are also jumping on the bandwagon. Coursera is creating a ChatGPT virtual coach to answer questions, give feedback, summarise video lectures, give career advice, and prepare students for job interviews.
Financial analysts, personal financial advisors who are involved in working on significant amounts of numerical data can be affected by AI. AI can identify financial trends, highlight what investments in a portfolio are doing better and worse, and pitch a better investment mix.
Zerodha CEO Nithin Kamath said that it took his team just about 30 minutes to “integrate commoditized ChatGPT, see tangible benefits, and realize that more than 20% of jobs could be automated”. That is a point to ponder.
In a December Harvard Business Review post, three professors pointed to DALL-E, an AI tool that can generate images in seconds, as a potential disruptor of the graphic design industry.
Generative AI threatens to automate 46% of work done by accountants and bookkeepers in India.
Companies are now using AI to deal with customer service requests something that Amazon has effectively employed -- turning to AI to deal with customer service queries.