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Upwork: Impact of AI: Difference between revisions
→Projected Impact of AI on Labor Market
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AI is expected to replace certain jobs. According to Accenture report, 40% of working hours across industries will be impacted by Large Language Models (LLMs). Banking, Insurance and software jobs will be affected the most. Their potential for automation is 54%, 48%, and 36%, respectively. Their potential for augmentation is 12%, 14% and 21%, respectively<ref>https://www.accenture.com/content/dam/accenture/final/accenture-com/document/Accenture-A-New-Era-of-Generative-AI-for-Everyone.pdf</ref>. | AI is expected to replace certain jobs. According to Accenture report, 40% of working hours across industries will be impacted by Large Language Models (LLMs). Banking, Insurance and software jobs will be affected the most. Their potential for automation is 54%, 48%, and 36%, respectively. Their potential for augmentation is 12%, 14% and 21%, respectively<ref>https://www.accenture.com/content/dam/accenture/final/accenture-com/document/Accenture-A-New-Era-of-Generative-AI-for-Everyone.pdf</ref>. | ||
Another report by Goldman Sachs indicate that roughly two thirds of occupations in US and EU could be partially automated by AI. Of those occupations that are exposed, roughly a quarter to as much as half of their workload could be replaced. However, jobs displaced by automation could be replaced by creation of new jobs<ref>https://www.goldmansachs.com/insights/pages/generative-ai-could-raise-global-gdp-by-7-percent.html</ref>. | Another report by Goldman Sachs indicate that roughly two thirds of occupations in US and EU could be partially automated by AI. Of those occupations that are exposed, roughly a quarter to as much as half of their workload could be replaced. However, jobs displaced by automation could be replaced by creation of new jobs<ref>https://www.goldmansachs.com/insights/pages/generative-ai-could-raise-global-gdp-by-7-percent.html</ref>. Tenzai estimates that U.S alone could see a 30% rise in the demand for AI skills<ref>https://www.linkedin.com/posts/senthilnathanr_tenzai-status-of-ai-a-2022-review-2023-activity-7027155538006200320-x9pW/?originalSubdomain=me</ref>. | ||
== Has there been a change in Upwork's website traffic following the surge in AI? == | == Has there been a change in Upwork's website traffic following the surge in AI? == | ||