Generative AI technologies have the potential to expose 300 million full-time workers to automation, according to a report from Goldman Sachs analysts.
The economists estimate that about two-thirds of jobs in the U.S. and Europe could be altered by AI automation in some form.
The report predicts "significant disruption" to the world's labor market from AI.
- The professions with the highest risk of redundancy are attorneys and administrative staff. Construction and maintenance jobs were the lowest.
- In the U.S., most occupations at risk of being exposed to AI would have a partial but still significant percentage — 25% to 50% — of their workloads replaced by automation, according to the findings.
- On a more positive note, the authors estimated that generative AI could result in a "productivity boom" that significantly boosts economic growth.
- This could eventually raise the annual worldwide GDP by an estimated 7% over 10 years.
- The report, released on Monday, was authored by Goldman Sachs economists Joseph Briggs and Devesh Kodnani.
