This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
As generative AI apps like ChatGPT continue to advance, which jobs will be most impacted by it? Read on to find out.
Image source: Getty Images
Since the launch of ChatGPT, it has set the record for fastest growing app of all time. In two months, the AI chatbot reached 100 million users. In comparison, it took TikTok nine months to hit that milestone, and two and a half years for Instagram.
ChatGPT impressed users with its remarkable ability to communicate in a human-like manner and deliver detailed responses. It excels at comprehending and addressing various inquiries, offering useful suggestions, conducting thorough research, crafting essays, giving basic personal financial advice, and even amusing users with its witty jokes. Its diverse set of skills makes it an exceptional tool for enhancing productivity and creativity.
As the technology continues to advance, the question on everyone’s mind is: Which occupations will be transformed or replaced by it? The authors of an OpenAI working paper investigated the potential impact apps like ChatGPT could have on the U.S. labor market. Here is what they found.
Jobs most impacted by AI
The paper discovered that 80% of American workers are in occupations where AI can assist with or entirely automate at least 10% of their tasks. In fact, one-fifth of the workforce is in occupations where 50% of work tasks could be impacted by AI.
Not surprisingly, jobs involving repetitive tasks and routine decision-making were most at risk. This is especially evident in the information-processing industries, which rely heavily on tasks like writing, calculating, and data analysis. These 17 occupations are where AI could reduce task completion time by 50% or more.
AccountantsAdmin and legal assistantsClimate change policy analystsReporters and journalistsMathematiciansTax preparersFinancial analystsWriters and authorsWeb designersBlockchain engineersCourt reportersProofreadersCorrespondence clerksSurvey researchersInterpreters/translatorsPR specialistsAnimal scientists
Jobs least impacted by AI
The paper also found industries like manufacturing, mining, and agriculture have some protection against AI. The service industry is also likely to remain largely unaffected.
AthletesShort-order cooksLarge equipment operatorsBarbers/hair stylistsGlass installers and repairersDredge operatorsAutomotive mechanicsPower-line installers/repairersMasons, carpenters, roofersOil field maintenance workersPlumbers, painters, pipefittersServers, dishwashers, bartenders
While ChatGPT may impact some jobs, it doesn’t necessarily mean they will be replaced by AI. Instead, it can be seen as an opportunity to learn new skills, adapt to changes, and focus on more complex tasks that require human judgment and expertise.
AI can take care of repetitive tasks and provide faster responses, leaving humans to handle more intricate tasks that require creativity and emotional intelligence. For example, AI-powered chatbots can answer questions and offer assistance in real-time, making recommendations on investments, budgets, and more. Additionally, AI-enabled platforms can learn from a user’s financial history and patterns, detecting potential fraud to help protect bank accounts and more.
The advancement of AI should be seen as an opportunity to grow and evolve, rather than a threat to job security.
Alert: highest cash back card we’ve seen now has 0% intro APR until 2024
If you’re using the wrong credit or debit card, it could be costing you serious money. Our experts love this top pick, which features a 0% intro APR until 2024, an insane cash back rate of up to 5%, and all somehow for no annual fee.
In fact, this card is so good that our experts even use it personally. Click here to read our full review for free and apply in just 2 minutes.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool recommends Discover Financial Services. The Motley Fool has a disclosure policy.
