AI is revolutionizing our world at a speed that’s mind-blowing. Ten years ago, if you’d have asked me if I’d ever see an AI create a masterpiece or a feature film, I’d have said no.
But now, it’s easy for AI to do that. So, what happens when AI gets a million times smarter and a million times more powerful? If we give it enough time, it’ll take over every aspect of our lives.
Our world is crazy now, but in 50 years, it’ll look like something out of a sci-fi novel if AI keeps growing at this rate.
Unfortunately, only a very small minority of the population is even concerned about the potential dangers posed by AI, and that is a problem.
AI is already able to do a lot of things better and faster than humans, and it’s been reported that millions of people could lose their jobs because of it. Here’s what Fox News has to say.
For example, in March 2023, technology firm OpenAI released a report that found at least 80% of the U.S. labor force could have at least 10% of their work-related tasks affected by the introduction of GPT, while another 19% of employees may see at least 50% of these work-related tasks impacted. While GPT influence impacts all wage levels, the higher-income jobs potentially face the greatest exposure, concludes OpenAI.
Also in March 2023, researchers at investment banker Goldman Sachs, after collecting data on occupationally-oriented tasks in Europe and the U.S., found that roughly two-thirds of current occupations are exposed to varying degrees of generative AI automation (such as found in ChatGPT), and that AI could substitute for nearly one-fourth of current work performed.
In July 2023, the McKinsey Global Institute issued a report estimating that without generative AI, automation could take over tasks accounting for 21.5% of the hours worked in the U,S. economy by 2030; but with generative AI, that share increased to 29.5%.