As we gradually progress through the latter months of 2023, an increasing number of individuals are recognizing the significance of AI tools and learning to incorporate them into their daily routines. Whether it's content creators, marketers, or busy corporate professionals with demanding deadlines, AI is steadily becoming integrated into our lives. With the advent of tools like ChatGPT, Bard, and Bing, we now possess capabilities that were previously beyond our reach. Furthermore, companies are actively experimenting with their own AI chatbots. However, a lingering question continues to occupy the minds of many: Could AI eventually completely replace human jobs?
This topic has already sparked extensive debate. While some individuals firmly believe that AI will indeed impact the job market, others maintain a more optimistic outlook, asserting that AI will enhance human performance rather than replace us entirely. Kunal Shah, CEO of Cred, falls into the former category and expresses concerns that approximately 90 percent of jobs are at risk due to AI.
In a recent conversation with CNBC-TV18, Shah stressed that people may not fully comprehend the risks associated with AI at the moment. He confidently stated that he expects about 90 percent of current job roles to become obsolete within the next decade.
"We are not realizing the risk of AI. I can tell you with confidence that 90 percent of people who have jobs right now may not have their jobs relevant 10 years from now," he emphasized.
Some have argued that individuals can safeguard their job positions by upskilling and acquiring proficiency in AI. However, Shah holds a different perspective. He believes that upskilling at the required pace will be a formidable challenge for most individuals unless they possess an exceptionally curious and adaptable disposition.
"The time to upskill is going to be a real challenge. Unless you are a very curious compounding person, everybody's job is at risk," he asserted.
Sam Altman, the CEO of OpenAI, the parent company of ChatGPT, has also addressed the potential impact of AI on employment on multiple occasions. In a July interview with The Atlantic, Altman acknowledged that AI's impact on humanity wouldn't be entirely positive. He suggested that many people working on AI tend to downplay its potential consequences, portraying it as a supplement rather than a replacement for human labor. However, he argued that this might not hold true in practice.
Furthermore, Altman revealed that OpenAI had the capability to develop something even more powerful than ChatGPT, but introducing such a technology prematurely could have had disruptive consequences. He pointed out that the public might not have been prepared for the "shock" that such an advancement would entail, and the potential outcomes could be quite unsettling to contemplate.
