Over the last few years, the AI sector has grown steadily. There has been an increasing trend in the use of artificial intelligence by the major players in the tech sector, leading these heavyweights to concentrate their growth strategies on AI. Analysts are now pricing in higher chances that AI will influence more jobs in the future.
Job markets to be highly exposed to AI in the future
Artificial intelligence has a direct impact on job markets. The likelihood of rising productivity and ease of work have made many institutions more reliant on AI. Gregory Daco, chief economist at EY, believes that about 2/3 of the jobs in the future will be exposed to AI. In an interview with Yahoo Finance, he adds that over the next ten years, generative AI will revolutionize almost every kind of labor.
Daco also claims that generative AI will likely diffuse inflationary pressures by augmenting our capability to work.
At present, artificial intelligence is transforming the labor market by automating re
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