Finally, the year 2023 may become known as the year that ‘Artificial Intelligence’ went mainstream.

With the meteoric rise in visits to OpenAI’s ChatGPT and similar services one of the most pressing questions on many people’s minds became “Will AI eventually take my job?”.

Statista’s Felix Richter set out to find that answer.

Using data from Accenture research based on data from the U.S. Department of Labor Statistics, he found that 40% of all hours worked in the U.S. in 2021 could be impacted by large language models such as ChatGPT, whether through automation (little human involvement required) or augmentation (more human involvement necessary).

The following chart shows which industries involve the most tasks that can be automated or augmented by AI, with banking and insurance on top of the ranking.

Copyright © 2024
Legacy Wealth Management