When large language models (LLMs) like ChatGPT grow in popularity, business headcounts may begin to fall.
According to a recent report published by OpenAI researchers, the possible effects of generative pre-trained transformer (GPT) models and next-generation software tools built on top of them might affect up to half of the tasks necessary for 19% of vocations in the United States.
“Our analysis demonstrates that the ramifications of LLMs like GPT-4 are likely to be pervasive,” the report said, adding that ChatGPT might “somehow” disrupt the jobs of at least 10% of American employees.
“Although LLMs’ capabilities have continually increased over time,” the research concluded, “their rising economic influence is projected to endure and rise even if we cease the development of new capabilities today.”
Technological advances fueled by generative AI are fast gaining traction in the marketplace.
ChatGPT-4, OpenAI’s latest AI chatbot, is already capable of passing the bar exam, extracting insights from financial records, programming computer code, and drafting marketing copy.
Will it, however, one day be able to replace lawyers, accountants, software engineers, and ad agency creatives?
Microsoft, an early OpenAI investor, is incorporating the new GPT-4 AI model into its redesigned Office apps, which include Excel, PowerPoint, Outlook, and Word.
“ChatGPT is going to be in everything,” General Motors Vice President Scott Miller said earlier this month, referring to the chatbot’s use in vehicles.
Over 50% of human resource leaders are already developing employee usage guidelines, while top financial organisations such as Bank of America, Goldman Sachs, Citigroup, Deutsche Bank, and Wells Fargo have openly prohibited the use of ChatGPT. Employees at J.P. Morgan are not permitted to utilise it.
