When ChatGPT launched in November 2022, it was both celebrated and denounced in equal measure. The introduction of AI-powered chatbots raised concerns about job security and the potential replacement of human workers. Experts such as former Google employee Dr Geoffrey Hinton and the government’s outgoing chief scientific advisor, Sir Patrick Vallance, have issued warnings about the negative impact of AI.
Dr Geoffrey Hinton, known as the ‘godfather of AI,’ expressed his concerns about the intelligence developed by chatbots, stating that it is fundamentally different from human intelligence. He emphasized how chatbots can accumulate knowledge from multiple sources, making them more knowledgeable than individuals.
Sir Patrick Vallance highlighted the significant impact of generative AI on jobs, predicting that it could affect as many as 300 million full-time jobs globally. He discussed the potential scenarios where AI either eliminates certain jobs, leaving many unemployed, or creates jobs that only humans can perform.
While the initial effect of AI adoption may lead to a decrease in economic output, similar to the Industrial Revolution, there is a possibility of long-term benefits. However, certain groups, such as low-wage workers and women, are more vulnerable to job displacement. McKinsey’s report revealed that women are 1.5 times more likely to be replaced by generative AI due to their representation in low-wage occupations. Additionally, white-collar workers will also face the need to redefine their roles in response to AI adoption.
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