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decisions on who gets promoted based on
how well they know ChatGPT, he told Insider.
Experts say AI could help make the 4-day
workweek possible
A four-day workweek may be on the horizon
thanks to ChatGPT.
AI tools can help workers be more productive,
which, in turn, cuts down the time it takes to
accomplish any given task – a “necessary
condition for us to work less,” Oded Netzer,
a professor at Columbia Business School,
previously told Insider.Carl Benedikt Frey, an
Oxford economist, echoed the sentiment. He
told Insider: “Any technology that increases
productivity, ChatGPT included, makes a
shorter workweek more feasible.” But some
experts say that AI’s prospective productivity
gains may not shorten the workweek. Michael
Chu, a partner at the McKinsey Global
Institute, previously told Insider that employers
might expect employees to work even harder
to maximize their output because of AI.
Companies are restricting their employees
from using AI at work
Some companies have set rules around how
their employees can use AI in the workplace,
in part to protect confidential data from being
leaked.
While firms such as Apple and Spotify have
been said to restrict their workers from using
AI, other companies, such as JPMorgan and
Northrop Grumman, appear to have outright
barred their employees from using the tech.
“Although AI, including ChatGPT and other
‘conversational’ AIs, can be enormously
helpful and truly transformative, we want to
be smart about how we implement these
November 2023
tools to protect ourselves, our partners, our
company’s information and our user data,”
executives at iHeartMedia wrote in a June
memo explaining why it’s restricting its
workers from using AI.
Many are questioning whether AI will
replace their jobs
As AI becomes more advanced, many
workers may be wondering whether the tech
will replace their jobs down the line.
A recent Goldman Sachs report on the state
of AI found that generative-AI tools could lead
to a “significant disruption” in the labor market
and affect 300 million full-time jobs worldwide.
White-collar workers — particularly people
in law and those part of an administrative
staff — are most likely to be affected by
new AI tools, Goldman found. Other labor
experts told Insider that workers in media,
marketing, and finance — jobs that require
writing and number crunching — were at risk
of replacement by AI. AI job replacement may
already be occurring. Suumit Shah, the CEO
of the e-commerce platform Dukaan, tweeted
earlier this month that “we had to layoff 90%
of our support team” because an AI chatbot
was able to do its work faster. But not all
experts believe AI will wipe out jobs.
Anu Madgavkar, a partner at the McKinsey
Global Institute, told Insider that AI should be
viewed as an imperfect productivity-enhancing
tool that could produce bias and error. Richard
Baldwin, an economist, said at the 2023 World
Economic Forum’s Growth Summit that while
AI might not replace your job, workers who
know how to use AI may replace those who
don’t.
www.businessinsider.com
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