These are some highlights from several sources focused on large language models (LLM) and generative pre-trained transformers (GPT) — all published in 2023. It might be useful to first read — Nobody knows how many jobs will “be automated” Whatever that even means.
But “AI will increase labor productivity while forcing a small number of people to find new jobs” is not the kind of story that goes viral on social media, while “300 million jobs will be lost” definitely is that kind of story. People love to read about the impending apocalypse, and it’s the media’s responsibility not to indulge that desire … Instead of telling us who will be “automated”, they [A Method to Link Advances in Artificial Intelligence to Occupational Abilities – 2018] tell us who’s more likely to be affected by automation in some way. Obviously we’d like to know whether it’ll be a good way or a bad way. But the truth is that no one knows that yet, and economists do the world a service by refusing to pretend that they do know.
ChatGPT is about to revolutionize the economy
The optimistic view: it [GPT] will prove to be a powerful tool for many workers, improving their capabilities and expertise, while providing a boost to the overall economy. The pessimistic one: companies will simply use it to destroy what once looked like automation-proof jobs, well-paying ones that require creative skills and logical reasoning; a few high-tech companies and tech elites will get even richer, but it will do little for overall economic growth.