At IBM, AI could replace nearly 8,000 jobs in the next five years

2023-05-03 14:19:08

Artificial intelligence (AI) has taken an increasingly important place in our lives, and it seems that its impact on the labor market is not negligible. IBM, one of the largest international companies, has announced that some of its recruitments will be frozen, because around 30% of positions might be replaced by AI in the next five years, reports Les Echos, May 2, 2023. This represents a loss of approximately 7,800 jobs in the IT group.

Back-office functions, such as human resources, are particularly affected. Many tasks, such as checking letters for hiring or moving employees from one department to another, can be automated using AI. However, certain functions, such as employee and productivity evaluation, cannot be substituted during the first decade, according to IBM boss Arvind Krishna.

It’s no surprise that AI might replace some jobs, but with tools like ChatGPT being able to write texts, articles, create code and interact almost like a human, things have improved dramatically. accelerated. Generative AI systems might cause major disruptions in the labor market, according to a study by Goldman Sachs, and affect around 300 million full-time jobs worldwide.

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The question of whether machines will ever replace humans is increasingly relevant, and the concerns are legitimate. Elon Musk and nearly 30,000 experts and scholars voiced their fears regarding it in an open letter that garnered a lot of attention.

IBM isn’t the only company looking to replace jobs with AI. German publisher Axel Springer, owner of “Bild”, “Die Welt” and “Politico”, also announced AI-driven job cuts likely to replace journalists. Despite these concerns, many companies have started to use AI tools to assist their employees in certain tasks. PwC, for example, has launched a chatbot service for its lawyers and jurists, while Morgan Stanley is using AI to leverage bank research and data.

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