ChatGPT is taking the world by storm, and while many are praising its ingenuity, others are worried that their jobs might be at stake.
Launched in November 2022, the chatbot by OpenAI could potentially disrupt these five industries, causing many to lose their jobs or switch careers.
These are the industries that can be impacted by ChatGPT.
1. Teaching & Education
Speaking to New York Post, Rochester Institute of Technology’s computing and information sciences’ associate dean, Pengcheng Shi, said ChatGPT “can easily teach classes already.”
ChatGPT, he said, would most possibly be best used at the middle or high school level since those classes typically reinforce skills learned during elementary school.
“Although it has bugs and inaccuracies in terms of knowledge, this can be easily improved. Basically, you just need to train the ChatGPT,” he explained.
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For high schools, due to the complexity of the syllabus, a human teacher is most likely required. However, in theory, ChatGPT could still teach any class.
2. Banking & Finance
If you do excel modeling, then you could be replaced by an AI bot to do all of the tedious data sheet work.
Shi explained that this industry, too, could potentially see many jobs going obsolete.
“I definitely think [it will impact] the trading side, but even [at] an investment bank, people [are] hired out of college and spend two, three years to work like robots and do Excel modeling — you can get AI to do that. Much, much faster.”
That said, important economic and financial decisions could still be done by humans.
3. Website Design & Software Engineering.
While many website designers and software engineers pride themselves with their coding skills, their jobs could be disrupted as simple coding can be replicated by an AI bot.
New York University’s associate professor of computer science and electrical engineering, Chinmay Hegde, said he worries for those who play these roles.
“I worry for such people. Now I can just ask ChatGPT to generate a website for me — any type of person whose routine job would be doing this for me is no longer needed.”
All a user needs to do is input requests and parameters to build a website or app, and an AI such as ChatGPT can draft out a code in a matter of seconds.
Shi believes that by the year 2026, simple software design jobs could be left to AI tools, potentially rendering many software engineers out of jobs.
This one hits home. While ChatGPT has delivered mixed results especially when gathering and writing news pieces, it does the most damage to editors.
Specifically, copyeditors according to Hedge.
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“Copy editing is certainly something it does an extremely good job at. Summarizing, making an article concise and things of that nature, it certainly does a really good job,” he explained, adding that ChatGPT is also capable to producing engaging headlines to lure more eyeballs to news stories.
However, its only downfall, for now, is its fact-checking ability. According to Hedge, the majority of citations by ChatGPT are often made up and its creators are still cracking their heads to fix it.
5. Graphic design & illustrations.
With ChatGPT’s cousin, DALL-E, capable of generating images based on user-generated prompts, there have been a slew of similar AI contenders providing the same services.
They obviously pose a threat to those in the graphic design business, financially and copyright-wise, as visuals can be created instantaneously for cheap without seeking permission.
However, Shutterstock recently launched its own AI image generator which, according to the company, will share its revenue with graphic designers and photographers.
These are but jobs that can be disrupted by ChatGPT alone. However, only time will tell how great of an impact would AI would have on people, jobs, businesses, and industries.