Global Markets
Home›Global Markets›Trade & Tariffs›AI tools increasingly able to perform complex human ta…
AI tools increasingly able to perform complex human tasks
A Stanford analysis cited by BBC Business links ChatGPT’s spread to a 2.7% employment hit for ages 22 to 25, rising to 12.8% in AI-exposed sectors.
BBC Business reports that major AI companies are promoting tools that could automate some jobs and “augment” others, as investors and business leaders debate whether new recruitment will be replaced by AI agents that perform specific roles.
The outlet points to an industry benchmark showing the rapid improvement of large language models, from reliably completing simple tasks a few years ago to increasingly handling more complex work that can take about an hour, with some models able to review issues in cryptocurrency contracts and streamline parts of the model development process.
BBC Business also highlights warnings from Nobel prize winning economists that AI must be managed to protect living standards, and notes that London businesses have said they are struggling to find the skills they need as AI disrupts hiring.
For the reported job impact, BBC Business cites a Stanford University analysis using four years of employment outcomes by age, finding a 2.7% employment decline for 22 to 25 year olds since ChatGPT became widespread, and a 12.8% decline in the most AI exposed sectors such as finance, software, and creative industries.