AI could affect around 300 million jobs, study finds
Generative artificial intelligence tools (AI) could replace a quarter of work tasks in the US and Europe, according to a report by the investment bank. However, the researchers have also predicted that new technologies would bring in new jobs and a productivity boom that could eventually increase the total annual value of goods and services produced globally by 7 per cent. The report describes g enerative AI's ability to create content indistinguishable from human work - as platforms like ChatGPT can do - as "a major advancement". "If generative AI delivers on its promised capabilities, the labour market could face significant disruption," the report said. In the United States and Europe, approximately two-thirds of current jobs “are exposed to some degree of AI automation,” the bank…