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The AI revolution will change work. Nobody agrees how

In March, Goldman Sachs estimated that the technology behind popular AI tools such as DALL-E and ChatGPT could automate the equivalent of 300 million full-time jobs. But what exactly does it mean to say that, for instance, the equivalent of 300 million full-time jobs could be affected by AI?

June 25, 2023 / 19:27 IST
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One complicating factor is that technology tends to automate tasks, not entire occupations. (Illustration: NYT)
One complicating factor is that technology tends to automate tasks, not entire occupations. (Illustration: NYT)

In 2013, researchers at Oxford University published a startling number about the future of work: 47% of all U.S. jobs, they estimated, were “at risk” of automation “over some unspecified number of years, perhaps a decade or two.”

But a decade later, unemployment in the country is at record low levels. The tsunami of grim headlines back then — like “The Rich and Their Robots Are About to Make Half the World’s Jobs Disappear” — looks wildly off the mark.

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But the study’s authors say they didn’t actually mean to suggest doomsday was near. Instead, they were trying to describe what technology was capable of.

It was the first stab at what has become a long-running thought experiment, with think tanks, corporate research groups and economists publishing paper after paper to pinpoint how much work is “affected by” or “exposed to” technology.