A report issued by the investment bank Goldman Sachs stated that artificial intelligence could replace the equivalent of 300 million full-time jobs in the coming period.

According to the report, AI technologies will take over a quarter of jobs in the United States and Europe, but this could also mean new job opportunities and a boost in productivity.

Ultimately, this may lead to a 7% increase in the total annual value of goods and services produced globally. The report states that artificial intelligence, which can generate content remarkably similar to that produced by humans, represents a "major advancement."

The government is keen to encourage investment in AI in Britain, which it says "will ultimately increase productivity across the economy," and it has sought to reassure the public about its impact.

Technology Minister Michelle Donelan told the British newspaper The Sun, "We want to ensure that AI complements the way we work in Britain rather than disrupts it, creating better jobs rather than eliminating employees."

The report indicates that the impact of AI will vary across different sectors, as it could be used to accomplish 46% of administrative tasks and 44% of legal professions, but these percentages will decline in the construction sector to just 6% and 4% in maintenance.

The BBC News previously reported that some artists are concerned that AI-generated images could harm their future employment prospects.

Carl Benedikt Frey, Director of the Future of Work at Oxford Martin School, University of Oxford, told BBC News, "The only thing I am certain of is that there is no way to know how many jobs will be replaced by AI."

He added, "What ChatGPT does, for example, is allow more people with moderate writing skills to produce articles and written content."

Journalists will face more competition due to "ChatGPT," which may lead to lower wages.

Frey warned that journalists will face increased competition, potentially resulting in lower wages unless there is a significant increase in demand for such work.

He said, "Considering the introduction of GPS technology and platforms like Uber, suddenly, knowing all the streets of London became far less valuable, leading to significant wage cuts of up to 10% for existing drivers, according to our research. The result was lower wages rather than a reduction in the number of drivers."

He emphasized that in the coming years, "generative AI is likely to have similar effects on a broader range of creative tasks."

According to research cited in the report, 60% of workers are employed in occupations that did not exist in 1940.

However, other research suggests that technological change since the 1980s has displaced workers at a faster rate than it has created new job opportunities.

The report concluded that if AI follows the pattern of previous IT advancements, it could lead to reduced employment in the short term.

But Torsten Bell, CEO of the Resolution Foundation, told BBC News that the long-term impact of AI remains largely uncertain despite this, "so all definitive predictions should be taken with caution."

He added, "We do not know how technology will evolve or how companies will integrate it into their operations."

He stressed that this does not mean AI will not disrupt the way we work, but we should also focus on potential improvements in living standards due to higher productivity and lower service costs, "in addition to the risk of falling behind if other companies and economies adapt better to technological change."

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