Will AI soon take over your job? Probably not, says billionaire Cuban. Artificial Intelligence (AI) might eliminate millions of jobs in the coming years, but it could also create millions of new ones. After an initial shock following the rapid spread of AI chatbots like ChatGPT, the fear of job loss seems to be easing for many people.
According to Mark Cuban, a billionaire and CEO of Cost Plus Drugs, jobs that involve merely answering yes or no questions are at risk. However, jobs that require critical thinking may not be significantly affected by AI. Cuban mentioned in an interview with The Weekly Show with John Stewart that employees will need to monitor AI and ensure its outputs are correct.
“You can’t just assume an AI model knows everything,” Cuban said. People are needed to review and correct AI’s answers. He told Business Insider that the impact of AI on employees depends on how well companies can implement AI. The efforts of companies will determine the effects of AI on their staff.
AI is already impacting employees across various sectors. Automated tasks and creative work like writing text or code are particularly affected. The creative industry, including film, music, and art, feels the impact of AI-driven support, which is often cheaper. In summer 2023, scriptwriters and actors protested against AI’s influence.
Even jobs considered safe, like manual or craft work, could eventually be performed by AI-driven robots. The more repetitive the task, the more likely it is to be automated.
AI’s influence on the job market is significant. While it threatens some jobs, it also offers opportunities for new roles. The key is how well industries adapt and integrate AI into their processes. Monitoring and correcting AI outputs will be essential in maintaining job security and ensuring AI enhances rather than replaces human work.
As AI continues to evolve, it will be crucial for workers to adapt and learn new skills. This adaptability will help them remain relevant in a changing job market. Companies will need to invest in training and development to support their employees in this transition.
In conclusion, while AI poses challenges to the job market, it also presents opportunities for innovation and growth. By embracing AI and adapting to its changes, workers and companies can thrive in the new technological landscape.