Tech firms hold all the power as Goldman Sachs predicts AI job wipeout

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Tech firms hold all the power as Goldman Sachs predicts AI job wipeout
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Tech firms hold all the power right now as Goldman Sachs predicts AI will impact 300 million jobs

about launching AI tools in a"responsible way," in part because it has more to lose reputationally if its releases go wrong.

They estimate productivity growth of around 1.5% in the US labor market over the next 10 years, assuming widespread AI adoption. In one modeling example, they estimated that on a difficulty scale of 1-6, where 6 is the highest difficulty, an AI model capable of performing a level 6 task, such as analyzing"the cost of medical care services for all US hospitals", would help boost productivity by 2.9% per year.

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