The AI Surge: Prospect of Job Losses?

Kolkata, 21 July 2023: The 21st century is in the process of witnessing a remarkable and revolutionary surge in the use of Artificial Intelligence technology, which holds great promise for the advancement of humanity. While certainly one cannot neglect the benefits that AI technology carries with itself, one must also keep in mind the possibility of job losses as AI increases its penetration into diverse job sectors.

AI driven processes such as ChatGPT, CopySmith, GPT-4, Canva, PicAI have successfully entrenched themselves in numerous professional lives, and are human validated as well. Further, AI is all set for a stronger evolution in the coming years which promises to make life easier. In this context, leading companies such as Apple & Google plan to launch AI tools that directly rivals the technology used by ChatGPT.

Google is working on an AI tool that writes news copies for journalists, and has pitched the tool to The New York Times, Wall Street Journal, and the Washington Post as a ‘personal assistant for journalists’. On the other hand, Apple’s technology known as “Apple GPT” is a form of generative AI.

These cutting-edge technologies and machine learning algorithms could well lead to the displacement of jobs in several sectors such as, data entry, customer support, and basic administrative tasks, and creative jobs such as music composition, video making, content writing and copy writing. While certainly at this point AI lacks the talent to replace human creativity and insight, one mustn’t underestimate its enormous growth in the years to come.

However, on a positive note, the rise of this technology will also lead to creation and demand of more jobs in the sectors of data science and developers who can lend their expertise in building the next generation AI tools.

While navigating the 2023 AI surge, it is crucial to note the diverse opportunities and advancements it holds, alongside the need for lifelong learning and reskilling on part of humans.