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Globe/NYT say Microsoft, rivals hear AI threatens jobs

2023-08-28 08:52 ET - In the News

See In the News (C-MSFT) Microsoft CDR (CAD Hedged)

The Globe and Mail reports in its Monday, Aug. 28, edition that OpenAI's Microsoft-backed ChatGPT and Google's Bard can rapidly process and synthesize information and generate new content. A New York Times dispatch to The Globe reports that the jobs most exposed to automation now are office jobs, those that require cognitive skills, creativity and high levels of education. The workers affected are likelier to be highly paid and slightly likelier to be women, a variety of research has found. OpenAI analyzed 19,265 tasks done in 923 occupations, and found that large language models could do some of the tasks that 80 per cent of U.S. workers do. OpenAI chief executive officer Sam Altman said last month, "Jobs are definitely going to go away, full stop." For now, large language models will probably help many workers be more productive in their existing jobs, researchers say, akin to giving office workers, even entry-level ones, a chief of staff or a research assistant. "My hope is it will actually allow people with less formal education to do more things," said David Autor, a labour economist at MIT, "by lowering barriers to entry for more elite jobs that are well paid."

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