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Goldman Sachs CDR (CAD Hedged)
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FP says Goldman Sachs sees AI disrupting 300M jobs

2023-12-21 07:47 ET - In the News

The Financial Post reports in its Thursday, Dec. 21, edition that fears that artificial intelligence will eliminate wide swaths of jobs, especially white-collar ones, could be contributing to some people's hesitancy to embrace it. The Post's Victoria Wells writes that automation could disrupt more than 300 million jobs across the United States and Europe, research from Goldman Sachs Group indicates. However, that does not necessarily mean AI will put everyone out of work. Experts believe positions will likely be reimagined as the tools help workers do more. Mike Shekhtman, a senior regional director at Robert Half, a specialized talent solutions firm, says, "It's not a replacing of a job, it's more an enhancement of a job." Marc Low, a director at KPMG's Ignition innovation lab, says, "AI also creates the potential for a tidal wave of new job creation, the likes of which we don't yet understand. Mr. Low adds: "We can't even comprehend or imagine yet the jobs that are going to come out of this. There's going to be entirely new skill sets, new functions that will be birthed into the world as a result of these technologies."

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