Millions of jobs could soon be lost to artificial intelligence, new study shows

WASHINGTON, D.C. — The rise of artificial intelligence has some companies racing to be first to use it.

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A new report from the World Economic Forum shows 14-million jobs will disappear in the next five years as more companies adopt advanced technologies like artificial intelligence.

“This could potentially save time and resources,” author Douglas Rushkoff said. “But it could also lead to a loss of personal connections and a decline in the quality of those types of interactions.”

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According to the WEF, artificial intelligence specialists and business intelligence analysts are among the fastest growing jobs right now.

Meanwhile, the fastest declining jobs are those where the use of advanced technology is becoming more prominent, like for bank tellers, cashiers, and data entry clerks.

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Various studies by tech organizations show more businesses using artificial intelligence, but even more investing in it, meaning they’ll be prepared to use it eventually.

There’s an additional conversation happening on Capitol Hill about how to regulate artificial intelligence, and what role Washington plays in it.

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While big corporations are investing in AI, so are small businesses. Many small business owners say they started using artificial intelligence technology during the height of the pandemic to stay afloat.

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