Per CNN
Goldman Sachs believes 300 million full-time jobs could be impacted by AI platforms like ChatGPT
3/29/2023
There has been growing talk of fears over artificial intelligence potentially replacing many jobs humans used to do. Goldman Sachs economists have released their estimates, saying up to 300 million full-time jobs could be affected.
To be specific, the firm expects AI to affect up to 300 million full-time jobs worldwide, and not just in the US. They specified that this could be due to how the jobs could be automated with the help of artificial intelligence, with ChatGPT being given as an example.
The report said that advanced economies could be more affected by the rise of artificial intelligence. They predict that up to 18% of the global workforce "could be computerized."
It was noted that the risks were directed more toward white-collar workers instead of manual laborers. In the US and Europe alone, they estimate that two-thirds of jobs could already be at risk.
This report comes shortly after OpenAI revealed its new software, GPT-4, which is an upgrade of the current one that people are using. The upgraded artificial intelligence has already made headlines for its ability to simplify coding, pass exams, or even create a website from a sketch.
The Goldman Sachs economists expect the further use of artificial intelligence to affect the job market.
“Most workers are employed in occupations that are partially exposed to AI automation and, following AI adoption, will likely apply at least some of their freed-up capacity toward productive activities that increase output.”
Despite being a cofounder of OpenAI, the company behind ChatGPT, Elon Musk said that artificial intelligence poses "one of the biggest risks to civilization." He mentioned how it could threaten humanity's survival.
Aside from his comments, Musk has also approached AI researchers recently to potentially form a new research lab to develop a ChatGPT alternative.
See flow at unusualwhales.com/flow.
Other News:
- Elon Musk, who co-founded firm behind ChatGPT, has said that AI is "one of the biggest risks' to civilization"
- Elon Musk has reportedly approached AI researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT
Resources:
Elon says his time as a Special Government Employee had come to an end
5/29/2025 2:05 AMA US federal court has officially blocked Trump's "Liberation Day" tariffs from going into effect
5/29/2025 2:02 AMTrump orders US chip designers to stop selling to China
5/28/2025 8:16 PMCanada's largest pension fund has now allocated 47% of its total portfolio ($243 Billion) to U.S. assets
5/28/2025 8:05 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.