Business Maverick: ChatGPT will replace some jobs, but traders say not theirs

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Advanced artificial intelligence systems stand to threaten jobs primarily in the financial, legal and technology sectors, according to the latest MLIV Pulse survey.

What’s more striking about the results: More than two-thirds of 292 respondents went on to say they didn’t view their own jobs as being at risk anytime soon, even as they work predominantly in the financial sector.

Artificial intelligence has been in development in some form for decades. But in recent months a surge of interest in so-called generative AI – most notably OpenAI’s ChatGPT and DALL-E products – sparked widespread excitement among investors who believe it could also generate massive financial rewards.

MLIV Pulse survey participants were split almost evenly on whether these kinds of technologies were worth investing in. There was an evident lack of professional use of any kind of artificial intelligence from the majority of investors, with only 12% saying they used one and just 27% saying they planned to. More than half of all respondents said they aren’t even considering using AI to help them invest.

This contrasts starkly with recent rallies seen in the market for companies connected to advanced AI, in part fuelled by the widespread publicity of ChatGPT and Microsoft’s $10-billion

 

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