ChatGPT, a language model, is a transformational technology that is threatening to change the work paradigm and take employment globally. Microsoft-backed OpenAI debuted ChatGPT in November, which is the first Gen-AI tool to be published to the public.
Goldman Sachs predicts Gen-AI might eliminate 300 million jobs globally. ChatGPT is a highly advanced chatbot that can analyze enormous quantities of inputtext, produce new material, and speak like a person. It answers inquiries, explains topics, and writes articles, letters, code, and music.
ChatGPT Plus, which costs $20 (Rs 1,650) a month, gives users access to ChatGPT-4 and 25 messages each three hours. ChatGPT is a generative AI tool that can be used to automate repetitive tasks, increase productivity, and improve user experience. However, it has limitations such as unreliable information, lack of real-time data processing, hallucination, no reference or source, copyright violation, security breach, bias and prejudice, and no insights.
Additionally, Gen-AI can make certain vocations obsolete and need retraining, leading to job losses. Chakravarty believes Gen-AI helps bridge the gap between low and medium skills for low-skilled workers and boosts productivity for highly trained workers.
However, most analysts regard it as an inflection moment or revolution that will first generate disruption then settle down to increase production, efficiency, and employment and wealth. Gen-AI technology is expected to replace many jobs, but it may take 2-3 times the predicted time.
Experts who train, maintain, and improve these systems may also be hired to help maintain momentum in AI learning. Dismissals look imminent with ChatGPT and other Gen-AI technologies now in use, but it may take a year to be affordable. Workers must be aware and prepared, as only humans can undertake cognitive, collaborative, and emotional tasks.
Sharma advises against feeling left out, as only three abilities can future-proof a career: cognitive ability, human ability, and digital ability. Learning to drive is also important, as the roads and car models may change, but you will have the basic confidence and discipline to drive once you know it. Professional paths are no longer linear. Be mindful of AI breakthroughs to adapt. Listen, converse, and read.
Social media and Gen-AI networks are full with information. Upskill & Reskill: After learning how Gen-AI will affect your profession, you may upskill, reskill, or acquire a new skill. Gen-AI-IMPACTED JOBS Many white collar occupations will be eliminated, while others will be expanded.
Media content-creating jobs are risky, software AI can do entry-level developers’ work quicker, more efficiently, and with fewer mistakes, enhancing productivity. Web and graphic design Gen-AI and AI-based technologies create visual content, designs, layouts, and websites depending on inputs or demands, threatening graphic artists and web developers.
Customer care Gen-AI chatbots in banking, healthcare, and e-commerce make it easier for Gen-AI to answer client questions and replace telephonic and online service. Legal & Accounting: Research-intensive jobs will be lost, as legal assistants who sifted information and streamlined legal forms may disappear, as well as Gen-AI accountants employing Excelformulae ChatGPT is an artificial intelligence (AI) technology that can analyze massive volumes of data and identify trends and patterns to provide wealth management advice.
It can also affect tasks that entail sorting through enormous amounts of data, summarizing and analyzing it, forecasting patterns, and making solutions. Generative AI may assist sort resumes and find applicants, but recruitment still need human involvement. Translators and interpreters ChatGPT-4 can translate and transcribe over 50 languages, unlike Google Translate and Whisper.
Teachers ChatGPT may educate by explaining topics, grading exams, and checking assignments. AI technology ranges from basic algorithms to large systems like human simulation. Language models are neural networks that anticipate the next word in a series, while Large language models (LLMs) are machine learning models that can categorize and translate text.
Machine learning is AI where computers learn from many instances without human supervision. Neural networks are examples-learning machines, and Chat Generative Pre-trained Transormer is an AI that can learn from many instances and create new text, photos, movies, audio, or other synthetic data.
To stay up with the fast-changing AI, it is important to stay informed, read articles by AI professionals online, join communities and forums, take online AI courses, attend AI-related colleges, use AI to enhance work, focus on human contact, and specialize in niche areas of your profession that won’t be automated.
To stay relevant, it is important to start learning new skills in different verticals in the same job, change careers by taking new professional courses, or specialize in niche areas of your profession that won’t be automated.
