AI is threatening to lead to significant job losses. A recent study suggests that AI, with its current capabilities, could take away 12 percent of jobs.

AI could lead to the loss of 12% of jobs today.

With the advent of artificial intelligence (AI), the threat of job loss has increased. A recent report suggests that AI could replace approximately 12 percent of American jobs. This means that humans are no longer needed to perform these jobs, and AI has become so advanced that it can easily perform those tasks. Sectors such as finance, healthcare, and professional services have been most affected by this.

AI is not just about writing code.

A recent MIT study has revealed this information about the impact of AI. The study shows that given AI's capabilities today, tasks with annual salaries worth $1.2 trillion can be automated. It also reveals that AI is no longer limited to just writing code and generating images. It is also being used for data analysis, workflow automation, and document handling in sectors such as office administration, financial services, HR, and logistics. In the healthcare sector, processing and other administrative tasks are also being accomplished with AI

AI poses a major threat to such tasks.

An MIT study has revealed that jobs involving documentation and repetitive tasks are at greatest risk from AI, and those performing such tasks will be the first to lose their jobs. Researchers say that AI won't eliminate financial analysts, but it will replace document processing and routine analysis. This may not lead to an immediate job loss, but the role of those jobs is changing with immediate effect. This requires employees to upgrade their skills.