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Goldman Sachs CDR (CAD Hedged)
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Globe says Goldman sees 300M job losses because of AI

2023-10-02 09:27 ET - In the News

Also In the News (C-IBM) IBM CDR (CAD Hedged)

The Globe and Mail reports in its Saturday edition that for Hollywood writers, the tentative contract deal reached last week with major film studios and television producers is as good as it gets. The Globe's Gus Carlson writes that despite writers' value and the promises of safeguards against AI, the new contract is simply postponing the inevitable, slowing but not stopping the decline of human-generated content. The knocking at the door they hear is I, Robot -- and it is getting louder. The reason is as old as the struggle between creativity and commerce itself. As long as writers are treated as commodities, rather than talent of comparable value to box-office stars, their employers will always look for cheaper ways to do the work they do. AI is the obvious, if odious, solution, and it is coming fast. Requiring studios to disclose when they are giving writers concepts that are AI-generated or contain AI-created materials leaves the door ajar for the AI wolf. IBM research suggests 1.4 billion people worldwide will be affected by AI and automation, and 40 per cent of workers will need new job skills over the next three years. Goldman Sachs predicts 300 million jobs will be lost or degraded by AI.

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