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Benzinga
Benzinga
Business
Mohd Haider

Goldman Sachs Warns AI Is Already Displacing Young Tech Workers

Goldman Sachs GS Artificial Intelligence
Santa,Ana,,Ca,,Usa,-,May,9,,2022:,Goldman,Sachs

Goldman Sachs (NYSE:GS) has highlighted the impact of artificial intelligence (AI) on the job market, especially affecting young tech workers.

What Happened: The tech sector’s share of the US employment market peaked in November 2022, coinciding with the launch of ChatGPT, an AI language model. Since then, it has fallen below its long-term trend, as per a note by Jan Hatzius, Goldman Sachs’ chief economist, on Monday, reported Business Insider.

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