The explosive popularity and accessibility of generative artificial intelligence (AI) technologies, such as GitHub’s Copilot, Midjourney and ChatGPT, have produced AI’s first true inflexion point in public adoption, demonstrating the technology’s transformative potential. While there are myriad possible use cases for generative AI, including image, video, written language and music creation, large language models (LLMs) have an outsized potential to impact the greatest number of jobs in the near future.The Future of Jobs Report 2023 states that global business leaders believe that 23% of global jobs are expected to transform within the next five years due to rapid technological advances, particularly in generative AI technologies. Especially, LLM’s have the potential for both automating and augmenting tasks across various occupations. The Jobs of Tomorrow: Large Language Models and Jobs white paper, published by the World Economic Forum and Accenture earlier in 2023, found that 40% of working hours could be transformed, affecting roles from specialized fields requiring advanced degrees to those focused on routine procedures. Jobs emphasizing face-to-face interaction are likely to be less affected. Businesses are urged to adopt proactive and responsible approaches to manage this transformation, addressing concerns like job change and job displacement risk, job quality and skilling. Structured analysis, planning and proactive preparation are required of business leaders to ensure that LLMs and other technological advancements lead to an improved future of work with new opportunities for workers.
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