ChatGPT is only a few months old and already creating waves in the business world. According to experts, ChatGPT and related AI may endanger some careers, especially white-collar ones.
The impressive AI chatbot has been used to compose cover letters, produce a children's book, and even assist students in plagiarizing essays since its release in November of last year. We may be underestimating the chatbot's strength. The machine could theoretically be hired by Google as an entry-level programmer if it conducted an interview. Employees at Amazon who tried ChatGPT reported that it performs "very well" when responding to customer support questions, "great" when creating training materials, and "very strong" when responding to questions about corporate strategy.
But ChatGPT isn't flawless. Users of ChatGPT discovered that the bot can create simple math errors, false information, and incorrect answers to coding problems. One Wharton business school professor claimed that artificial intelligence will never be as good as the best specialists in a subject. However, despite its drawbacks, the emergence of ChatGPT has sparked discussions about whether it will eliminate employment.
According to a 2013 University of Oxford research, AI could replace 47% of US jobs within the next 20 years. Although this prediction appears to have been inaccurate, it is becoming increasingly likely that new AI technologies like ChatGPT will threaten people's employment, particularly those of white-collar workers.
Jobs that would affect :
Technical jobs :
Programming and coding are in-demand skills, but it's conceivable that ChatGPT and other AI tools will soon fill in some of the gaps. Software engineers, web designers, computer programmers, coders, and data scientists are among the tech professions that are "pretty amenable" to AI technologies "displacing more of their work," according to Madgavkar. That's because artificial intelligence (AI), like ChatGPT, is excellent at fairly accurate number crunching. In reality, Muro said, cutting-edge technologies like ChatGPT may be able to produce code faster than people, allowing for the use of fewer workers overall.
Legal industry jobs :
Paralegals and legal aides who work in the legal sector must take in a lot of information, synthesize it, and then translate it into something that can be understood, like a legal brief or opinion. The information is actually quite organized and linguistically focused, making generative AI a good fit for it. But once more, AI won't be able to completely automate these tasks because it takes some human discernment to understand what a customer or employer wants.
Market Research Analyst :
According to Muro, AI is proficient at data analysis and result prediction. Because of this, market research experts could experience change brought on by AI. Market research analysts are in charge of gathering information, spotting trends within that information, and using what they learn to create a successful marketing campaign or choose where to position advertisements. We are now observing that AI is capable of handling those situations.
Media :
According to Madgavkar, ChatGPT and related types of AI could have an impact on all media jobs, including those in advertising, technical writing, journalism, and any position involving content creation. This is so because AI is proficient at reading, writing, and comprehending text-based data, she continued. "You'd expect generative AI technologies to ramp up on analyzing and interpreting vast amounts of language-based data and information," Madgavkar said. Paul Krugman, an economist, wrote in a New York Times opinion piece that ChatGPT might be "more efficient than humans" at reporting and writing. AI-generated material is already being tested by the media sector.
Teaching sector :
Pengcheng Shi, an assistant dean in the department of computing and information sciences at Rochester Institute of Technology, contends that teachers should also be considering the future of their employment. Teachers all over the nation are concerned about students using ChatGPT to cheat on their assignments.
Financial Jobs :
AI may have an impact on positions in the personal finance industry that require handling sizable amounts of numerical data, such as market research analysts, financial analysts, personal financial advisers, and others. The Brookings Institute researcher Muro said. "AI can identify market trends, highlight which portfolio investments are performing better and worse, communicate all of that, and then use various other forms of data by, say, a financial company to forecast a better investment mix," Muro said.
Customer Service Agents :
It's likely that you have already encountered a robot answering a customer support call or online chat. ChatGPT and similar technologies might keep this pattern going. According to a Gartner study from 2022, by the year 2027, 25% of businesses will use chatbots as their primary customer support channel.
Conclusion
ChatGPT has been impressive since its release in November and we have also seen its uses but yet it is flawless as it can make simple errors and can give incorrect answers. Although it is being said that this emerging technology would take human's place in different sectors. Above mentioned are some of the sectors which would affect or jobs which can likely be taken over by ChatGPT, but yet it has not happened.