A report by investment bank Goldman Sachs stated that artificial intelligence could replace the equivalent of 300 million full-time jobs in the near future. According to the report, AI technologies will perform tasks in a quarter of jobs in the United States and Europe, but this may also mean new job opportunities and a boost in productivity. Ultimately, this could lead to a 7 percent increase in the total annual value of goods and services produced globally. The report suggests that AI, capable of generating content that closely resembles human output, represents a "significant advancement."
The government is keen to encourage investment in AI in the UK, stating that it "will ultimately lead to increased productivity across the economy." Furthermore, the government has attempted to reassure the public about its impact. Technology Minister Michelle Donelan told The Sun newspaper: "We want to ensure that AI complements the way we work in Britain, rather than disrupting it, leading to better job provision instead of job losses."
The report indicates that the impact of AI will vary across different sectors, where it could be used to carry out 46 percent of administrative tasks and 44 percent of legal professions, but these percentages would drop to just 6 percent in the construction sector and 4 percent in maintenance.
