"World Economic Forum predicts massive job loss due to A.I. in next 5 years"

1 min read
Source: Fortune
"World Economic Forum predicts massive job loss due to A.I. in next 5 years"
Photo: Fortune
TL;DR Summary

The World Economic Forum predicts that nearly a quarter of all jobs will change over the next five years due to AI, digitization, and other economic developments. While AI will cause significant labor-market disruption, big data analytics, management technologies, and cybersecurity will be the biggest drivers of employment growth. AI applications like ChatGPT will displace and automate many roles that involve reasoning, communicating, and coordinating. 75% of surveyed companies expect to adopt AI technologies over the next five years, which they predict will eliminate up to 26 million jobs in record-keeping and administrative positions.

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