Economist leads roundtable on AI potential for tech exploration.

TLDR:

Generative AI has the potential to automate up to 25% of work tasks in a day according to economist Joseph Briggs. This estimate doesn’t mean 25% of jobs will disappear, but rather that AI can save time for workers. The technology has become more accessible, allowing anyone to use it. Some concerns were raised about the impact of AI on education.

In a lecture at the Economic Roundtable of the Ohio Valley, economist Joseph Briggs from Goldman Sachs discussed the potential economic impact of generative artificial intelligence (AI). Key points from the lecture include:

• Generative AI can automate up to 25% of work tasks in a day, saving time for workers
• The estimate from a report compiled by Goldman Sachs researchers does not equate to potential job loss
• Generative AI has become more accessible and anyone can use it now
• Concerns were raised about the impact of AI on education, with questions about student research and academic integrity

Overall, the lecture emphasized the importance of understanding and learning more about AI as it continues to evolve and become more integrated into various industries.