According to Goldman Sachs, AI may displace 300 million employees.

Goldman Sachs has claimed that two-thirds of jobs in the US and Europe are vulnerable to some degree of Artificial Intelligence automation. Generative AI such as ChatGPT could replace up to 300 million full-time jobs worldwide, according to estimates shared in a report published by the investment bank on Sunday. The technology, which can independently create new material, represents a major advancement with potentially large macroeconomic effects. Most industries are only partially exposed to automation, making it more likely that they will be “complemented rather than substituted by AI.” Some 7% of positions in the US could be replaced by AI, with 63% being complemented by the innovative technology and 30% being unaffected by it. Goldman Sachs also claimed that historically positions that were displaced by automation were offset by the creation of new jobs and occupations, increasing the value of goods and services. Widespread adoption of AI could eventually increase annual global GDP by 7%.