Will Larger LLMs and ChatGPT Really Disrupt our Jobs?

Goldman Sachs, OpenAI and ChatGPT make bold claims about the future of work, A.I. and automation.

Photo by Nastuh Abootalebi on Unsplash

Welcome Back,

OpenAI is claiming it is a company that cares about trust and safety, yet ChatGPT was launched on November 30th, 2022, just a few months ago. A.I.’s abilities appear to be entering an unprecedented era of corporate control. If it’s so safe, why is Canada’s privacy watchdog agency investigating it? Why is Italy banning it?

Recently I have read many outrageous claims about how OpenAI and its technology will disrupt many jobs. But is this true and what can we expect in the years ahead with regards to the impact of Generative A.I. on our jobs?

What if conversational agents like ChatGPT really are a general purpose technology that’s paradigm changing? I previously looked at OpenAI’s claims that GPTs are GPTs: An early look at the labor market impact potential of large language models. A Goldman Sachs note was also cited often in the media recently, often even without being directly linked while being cited.

I wanted to write an article that shed more light on the various projections of the impact on the labor market, often overblown or estimates that are vast generalizations encompassing not just Generative A.I., but many trends together.

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Let’s get into it.