Tag: Ai employment

Big boost! GPT-4 increased BCG employees’ productivity compared to staff without the AI tool
Technology

Big boost! GPT-4 increased BCG employees’ productivity compared to staff without the AI tool

[ad_1] Generative artificial intelligence and its impact on jobs and employment has been a constant debate ever since the new technology sprang up. The educated estimate is that AI is going to make some jobs obsolete, but it will also create new opportunities. However, one particular aspect where not much research has taken place is how AI and humans working together can impact work. This changed with a recent study that monitored the employees of the Boston Consulting Group (BCG) to find out the compounding effect of an AI-assisted working environment after handing some participants a GPT-4 powered AI tool.The study was conducted by Harvard Business School and a preprint version of it has been uploaded to Social Science Research Network. The study, titled Field Experimental Evidence of...
Job loss? AI’s rapid spread is sparking more fear than anything else
Technology

Job loss? AI’s rapid spread is sparking more fear than anything else

[ad_1] The impact on employment of the rapid spread of Artificial Intelligence is limited so far, but the potential for the technology to substitute jobs is significant, and workers are increasingly worried about their future, an OECD study showed.Early adopters of AI are reluctant to fire staff, and it can improve working lives by helping with tedious and dangerous tasks, according to the survey of 2,000 employers and 5,300 workers in manufacturing and finance across seven OECD countries. The organization said the world economy is at the very early stages of AI adoption, however, and that the potential for job destruction is still large, partly because all industries and occupations are exposed. Three-in-five workers are worried about losing their jobs entirely in the next decade, and ...