The introduction of ChatGPT’s interactive chatbot has fueled the widespread adoption of artificial intelligence (AI), leading to concerns about its potential to displace human workers. For example, Goldman Sachs, a leading U.S. investment bank, has released a study that predicts 300 million full-time jobs worldwide will be automated. Yet, shockingly, nearly 30 percent of employment in Hong Kong is expected to be affected, making it a global leader in this trend.
The Goldman Sachs study predicts automation will generate new jobs, offsetting the historical replacement of workers. The report estimates that technological innovation will create most of the long-term employment growth, although the timing of this significant increase in economic growth remains uncertain.
