300 million jobs could be affected by latest wave of AI, says Goldman Sachs | CNN Business

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Goldman Sachs economists predict that 18% of work globally could be computerized, with the effects felt more deeply in advanced economies than emerging markets

They predicted in a report Sunday that 18% of work globally could be computerized, with the effects felt more deeply in advanced economies than emerging markets. That’s partly because white-collar workers are seen to be more at risk than manual laborers. Administrative workers and lawyers are expected to be most affected, the economists said, compared to the “little effect” seen on physically demanding or outdoor occupations, such as construction and repair work.

Further use of such AI will likely lead to job losses, the Goldman Sachs economists wrote. But they noted that technological innovation that initially displaces workers has historically also created employment growth over the long haul. While workplaces may shift, widespread adoption of AI could ultimately increase labor productivity — and boost global GDP by 7% annually over a 10-year period, according to Goldman Sachs.

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And do you think these AI models would work with primitive banking apps that are closed during night and weekend? Or do you think they like programmable currencies with smart contracts available 7/7 - 24/24 with a transaction speed of 4s? Algorand

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The truth is we don't need most of this jobs. They should be eliminated long time ago but since it is unlimited printing mode then everyone pretends to go to 'work' and put papers from left to right.

Just don't trust its 'facts'. It can't tell propaganda and facts apart and will tell you either at random.

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