As we enter the final months of 2023, the integration of AI tools into our daily lives has become increasingly apparent. From content marketers and corporate employees to individuals pressed for time, AI is slowly becoming a fundamental part of our work and personal routines. With the advent of tools like ChatGPT, Bard, and Bing, we can now accomplish tasks that were once unimaginable, prompting companies to experiment with their own AI chatbots.
Amidst this growing reliance on AI, a lingering concern persists in the minds of many: will AI ultimately replace human workers in their entirety? While conflicting opinions abound, a recent statement by Cred CEO Kunal Shah has rattled the industry. According to Shah, approximately 90% of jobs are at risk of being overtaken by AI within the next ten years. His conviction is rooted in the belief that we fail to comprehend the true extent of AI’s potential impact.
In a recent conversation with CNBC-TV18, Shah stressed the underestimated risks of AI and stated, “I can tell you with confidence that 90 percent of people who have jobs right now may not have their jobs relevant 10 years from now.” Despite the notion that individuals can upskill and adapt to AI to retain their positions, Shah disagrees, arguing that the speed at which humans can acquire new skills presents a significant challenge for most. Unless you possess an insatiable curiosity and ability to compound your knowledge, Shah asserts that practically everyone’s job is in jeopardy.
Shah is not alone in his concern. OpenAI CEO Sam Altman echoes similar sentiments, emphasizing that AI’s impact on the job market will not be entirely positive. During an interview with The Atlantic, Altman revealed that many AI enthusiasts falsely claim that AI will merely supplement human workers and not replace them. Contrary to these beliefs, the reality is that jobs will be lost.
Altman further disclosed that OpenAI could have developed an even more powerful AI tool than ChatGPT but deliberately refrained from doing so due to societal readiness. He mused that the potential shock and subsequent consequences of such advancement would be grimly unpleasant.
In summary, the debate surrounding AI’s influence on the future job market is far from settled. While some remain optimistic that AI will enhance human capabilities, others, like Shah and Altman, believe that widespread job displacement is imminent. As society grapples with the ramifications of AI, only time will reveal the true extent to which AI will reshape our working lives.
Can AI completely replace human workers?
While opinions differ, some experts, including Cred CEO Kunal Shah, believe that up to 90% of jobs are at risk of being replaced by AI in the next decade. However, others argue that AI will primarily enhance human capabilities rather than replacing them entirely.
Can individuals upskill to protect their jobs?
Kunal Shah asserts that upskilling may not be enough to safeguard jobs from the rise of AI. The rapid pace of AI development presents a significant challenge for individuals, making it difficult to keep pace with evolving technology.
What is the perspective of OpenAI CEO Sam Altman on the impact of AI on jobs?
Sam Altman acknowledges that AI will lead to job losses and warns against the notion that AI will exclusively supplement human workers. Altman stresses that AI advancements could be even more significant, but societal readiness prevents their immediate implementation.