In the next five years, hundreds of millions of white collar workers around the world will see their jobs replaced by the leading innovation in the tech sector, AI. One technology expert has warned that the threat is already here.
The way we live, the way we work could be quite different, according to a Dean for Research Pengcheng Shi, a Rochester Institute of Technology associate, told FOX Business Lydia Hu Thursday in a Big Money Show segment. It is not crying wolf, per se, because it isn't really a wolf at the door, because it is here. According to a report by Goldman Sachs economists, around 300 million full-time jobs could be affected by artificial intelligence and its ability to replicate basic workplace tasks. They estimated that 7% of the current U.S. workforce could be replaced by AI.
The research found that there are some industries that are the biggest risk of replacement including office and administrative support, legal, architecture and engineering, business and financial services and sales.
SHARKTANK I. Hu mentioned in her Thursday report that anything that includes scraping for information can be automated. The input of data, reading from websites, think about intakes from clients is a big part of what can be automated and streamlined. There is a huge risk of misinformation at a scale that is completely disrupting our political process. There is a huge risk of cyber crime. Gary Marcus explained on the Cavuto: Coast to Coast on Thursday that Europol just released a report about many of the different ways in which these systems might be used. There's a long-term risk in terms of the fact that we don't know how to control these systems. Marcus compared the AI conflict to a classic cinematic thriller: Jurassic Park just because we could, he argues, doesn't mean we should.
There are a lot of unknowns here, of unknowns, the professor said. We have a perfect storm of corporate irresponsibility, huge rapid deployment like we've never seen before, hundreds of millions of people using these things and basically no regulation. There isn't a regulation yet, and it's nice that Congress is talking about it. Marcus noted that AI and associated tools like OpenAI's ChatGPT have been known as unreliable and not particularly truthful. A recent investigation by Fox News Digital showed that the chat bot refused to write a political poem admiring Donald Trump, but happily obliged when writing a poem admiring Joe Biden.
Mark Cuban and Elon Musk have raised concerns that AI models could start taking on a life of its own, despite the fact that AI models could start taking on a life of its own. I would say that there is a big dream of having chat engines do search instead of getting back into web queries. Marcus said that there is nothing in the ban we're calling for that prevents people from actually improving that process.
He said it's like driverless cars, everybody's like, they're going to be here next week. You can build a demo now, but it's a whole nother thing, because you can make it so you can trust it.