This analysis from Goldman Sachs estimates that 300 million jobs globally could be exposed to automation from ChatGPT. The report notes that worker displacement from automation has historically been offset by the creation of new jobs, and the emergence of new occupations following technological innovations accounts for the vast majority of long-run employment growth. The research finds that the combination of significant labour cost savings, new job creation, and higher productivity for non-displaced workers raises the possibility of a productivity boom that raises economic growth substantially, with AI predicted to eventually increase annual global GDP by 7%.
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