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Artificial Intelligence May Potentially Replace Human Workers in Tech Industry, Reports Bloomberg


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The International Corporation for Business Machines (IBM) expects to cut nearly 8,000 jobs in the coming years and replace them with artificial intelligence, CEO Arvind Krishna told Bloomberg.

In an interview published Tuesday, Krishna said the company plans to slow down or completely suspend hiring in the back office, such as HR, noting that these non-customer positions currently employ about 26,000 people. employees.

“I could easily see 30% of them replaced by AI and automation within five years,” Krishna said, noting that some 7,800 workers could be affected by AI-driven job cuts.

An IBM spokesman also told the news agency that the company does not currently intend to lay off anyone who holds these positions, but noted that any positions due to attrition will not be refilled.

In a comment emailed to Business Insider, another spokesperson for the tech giant also clarified that there is “no pause” for mass hiring.

The spokesperson added that the company is “very selective in filling positions that do not directly affect our customers or technology,” noting that IBM is still actively hiring thousands of jobs.

And in late March, a report published by Goldman Sachs Economics Research warned that recent developments in generative AI, such as the popular ChatGPT, could soon cause “significant shocks” to the labor market.

The researchers suggested that AI could replace up to 300 million workers worldwide and that two-thirds of US and European jobs are subject to “some degree of AI automation.” They also indicated that generative AI could be used to replace a quarter of current jobs.

“Despite great uncertainty about the potential of generative AI, its ability to create human-indistinguishable content and break down barriers to communication between humans and machines reflects significant progress with potentially large macroeconomic implications,” said Goldman Sachs.

Earlier this year, a group of more than 1,100 AI researchers, tech luminaries and other futurists, including Tesla CEO Elon Musk and Apple co-founder Steve Wozniak, signed an open letter calling for an end to “experimenting with intelligence.” six months.

The signatories warned that AI systems with “human competitive intelligence” could pose “serious risks to society and humanity” if they ever managed to escape the understanding and control of their creators.

Source: RT

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