The rapid advancement of artificial intelligence has raised many concerns, prominent among these AI job displacement and mass layoffs throughout the economy.
No round of layoffs of knowledge workers goes by without a mention of the threat of AI.
In May of this year alone, the U.S. economy lost 4,000 jobs as a result of AI, according to data from employment outsourcing firm Challenger, Gray & Christmas.
According to Factset, mentions of generative AI on corporate earnings calls increased from five in December 2022 to 390 in June 2023.
The more recent milestone, according to Rand: by 2020, "nearly all occupations are exposed to AI technology patent."
Persons:
Alan Guarino, Korn, CNBC's Andrew Ross Sorkin, Guarino, Factset, Rand
Organizations:
LinkedIn, CNBC, Korn Ferry, Rand Corporation
Locations:
India, U.S, United States