With the launch of ChatGPT in November 2022, generative artificial intelligence (AI) has been the topic of discussion in corporate boardrooms, and living rooms alike. The World Economic Forum’s report, ‘Top 10 Emerging Technologies of 2023’, released on June 26, has also listed generative AI as one of the top emerging technologies and also explores the question about job displacement due to the new technology.
The big question is whether generative AI will also replace workers, especially those doing simple repetitive tasks. The WEF report mentions that it is crucial to acknowledge the likelihood of job displacement due to generative AI.
“The worry that AI, and automation would result in job losses in certain areas is justified. Automation, and AI are changing the job market, and some jobs may eventually become obsolete as a result. These are likely to be those at the lower end of the creativity spectrum repetitive tasks,” says S. Pasupathi, Chief Operating Officer, HirePro, a technology platform for enterprise recruitment.