The OECD stated that 'Generative AI will transform many jobs, but its impact will be greatest in regions that have been least exposed to past waves of automation.' This indicates that areas once deemed low risk are now at risk of being significantly affected by this new technology.
The latest report showed that currently, 25% of the labor market in OECD countries could see their tasks completed 50% faster due to generative AI. This is expected to rise to 70%.
Generative AI is particularly specialized in cognitive non-routine tasks, meaning it'll impact high-skilled workers more and is likely to see its effects most strongly felt in metropolitan areas where these professionals work.
The industries most exposed to the influence of generative AI include education, ICT, and finance, pointing to a significant shift in how these sectors operate as technology evolves.
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