AI to takeover two-thirds of the world's jobs; these industries to be impacted the most

Will a bot take your job? Well, the chances are quite high, says Goldman Sachs.

Research by investment bank, Goldman Sachs highlighted that ‘generative’ AI systems such as ChatGPT – a computer program able to create writing and other content indistinguishable from that of a human – could spark an economic boom and increase global gross domestic product by 7 per cent in a decade.

Two-thirds of jobs in the US and Europe could be affected, report authors Joseph Briggs and Devesh Kodnani calculated – with administrative and legal sectors are expected to be the most impacted, with 46% of administrative jobs and 44% of legal jobs being substitutable by AI.

Meanwhile, more complex jobs are expected to remain the sole preserve of humans – making court rulings and checking the health of critically ill patients are unlikely to be replaced by AI. Physical and outdoor roles such as construction are also unlikely to be affected.