In a recent blog post, ChatGPT's CEO, discussed the role of AI in the job market. He emphasised that AI's strength lies in automating specific tasks, rather than completely replacing human job roles. Altman reassured readers by stating, "AI is much more effective at task automation than job displacement." He also pointed out how AI can significantly enhance task efficiency by accelerating processes. Altman acknowledged AI's potential to handle certain current jobs in the future but remained optimistic about technology's ability to create new and better job opportunities as it advances.

Why does it matter?

This perspective aligns with data from McKinsey and Goldman Sachs, indicating that AI's impact on the job market is multifaceted. While it may change the nature of certain jobs, it is more likely to complement rather than entirely replace roles and industries. Altman's insights suggest that AI has the potential to create more efficient and fulfilling job prospects across various fields, alleviating fears of widespread job displacement. However, there is a growing concerns among workers regarding potential job displacement, as evidenced by a recent survey indicating that nearly half of the American population is concerned about AI-driven job automation.