Everyone already heard about the effects of Chat GPT right? If you don’t then I am now telling you in detail about this topic.
Chatbot Chat GPT, an artificial intelligence technology developed by Microsoft Open AI, has gained popularity rapidly since its launch in November last year.
There are many speculations going on in the technology world. According to technology experts, this chatbot is more powerful than we imagine. And it is feared that this chatbot will put the jobs of some professions at risk.
The U.S. Media Business Insider, says Elon Musk is the co-founder of Chat GPT and his creation ChatGPT has grown in popularity among job seekers, writing cover letters and resumes in seconds.
They also say along with taking the opinions of experts in various fields including technology, conducted research and identified some lists that will be at risk in the future due to chat GPT.
Let’s take a look at the high-risk occupations. Ultimately, Microsoft may finally have the chance to start chipping away at Google’s dominance, but the real winner at the end of all of this search back and forth is AI technology.
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11 Bad Effects of Chat GPT On Other Professions in 2023
1. Google’s earnings will decrease
Chat GPT has become very popular around the world since its launch in November last year. This chatbot powered by artificial intelligence created by Open AI currently has more than 10 million users using chat GPT. This chat GPT, which is at its peak of popularity, will destroy Google’s business within a year or two.
Paul Bakhit, the creator of Gmail, fears that it can. From a statement by Paul Bakhit on Twitter, it is known that search engine result pages will not exist in the future due to AI technology with artificial intelligence. And by generating search engine results Google makes the most income. U.S. Media Business Insider says, Ultimately, Microsoft may finally are trying to get the chance to start chipping away at Google’s dominance and establish itself as a free creator with artificial intelligence but the real winner at the end of all of this search back and forth is AI technology.
If the user writes a question in the browser’s search bar, Chat GPT will automatically provide the answer. Not only that, it will briefly present the results by adding relevant information and links. As a result, you do not have to enter multiple websites after seeing the results of the Google search engine.
Search results and website Google earns the most by displaying advertisements. But if the number of Google search engine users decreases due to Chat GPT, the company’s income will definitely decrease. Note that the Chat GPT AI system with artificial intelligence can answer any message very quickly and accurately.
It can also write messages, articles, or poems by themselves. There is no way to understand whether they are written by a human or a machine by looking at the exact information, the language used, and the sweetness of the word choice. That’s why Google is now some of the point of view now at the high-risk stage.
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2. Tech-based job crisis
Tech-based job crisis: Using artificial intelligence, chat GPT can solve mathematical calculations quickly and accurately. As a result, chat GPT can generate code faster than humans. Therefore, technical professions like software developer, website development, coding, and data analysis will be at high risk due to chat GPT.
As a part of this process, all technology-based professions such as content creation, coding, software and website development, SEO and content marketing, solving mathematical issues, article writing, etc will reduce the use of humans in jobs and use artificial intelligence more. As a result, many people will be fired.
3. Media
Advertising, Articles, Journalism, Content Creation Any job Chat GPT provides faster and more accurate results efficiently in less time than humans. Therefore, we will not be surprised to hear that in the future, we will hear that the use of artificial intelligence technology has been introduced in the production of various media news.
However, there is one thing involved in this case. Since all content or information created by using artificial intelligence technology does not always give correct answers or results, in this case, human assistance is needed to create accurate and latest updated content. As a result, various mass media will be able to do the necessary work with less manpower than at present.
In the meantime, the technology media senate has started the work of creating artificial intelligence technology content. Of course, before publishing the content created by using artificial intelligence technology, humans are doing the work of editing and verifying the information.
In this case, the hassle of creating content yourself has been reduced to a great extent and by asking questions as needed, Chat GPT provides answers easily within seconds. Which reduces time and effort. However, in this case, the need to hire manpower for various jobs in respective departments is decreasing.
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4. Legal professions
Lawyers’ assistants, document writers, and typists perform complex and difficult tasks such as gathering information, writing it down, reviewing, organizing information, and inputting information into the computer. Lawyers manage and plan cases by reading and analyzing these data. Chat GPT does these tasks accurately and faster than humans.
Chat GPT can provide quick and accurate answers to legal questions and help professionals stay up-to-date on current laws and regulations, can assist in generating legal documents, such as contracts, agreements, and legal briefs, helping professionals save time and improve accuracy.
You will be surprised to hear that they also perform in-depth research on specific cases, providing summaries, key points, and relevant laws and regulations, to help lawyers prepare their arguments.
Also, this artificial intelligence technology can be used to do some other things like document categorization, information extraction, and data entry, freeing up time for lawyers to focus on more important tasks. As a result, fewer people will be needed in this sector than at present.
5. Market Research Analysis
Chat GPT is very effective in analyzing data and predicting results. ChatGPT can analyze market data and generate reports, charts, and graphs to help businesses better understand their market and make informed decisions.
This AI artificial system can perform predictive analysis to forecast future market trends and help businesses plan for the future. ChatGPT has the ability to analyze customer data to identify patterns, preferences, and behaviors, providing valuable insights into customer needs and behaviors.
ChatGPT can gather and analyze information like a human which gives you authentic information about competitors, including market share, product offerings, and pricing, to help businesses stay ahead of the competition.
When artificial intelligence technology alone can do these tasks with accuracy and speed, no company wants to hire unnecessary manpower and bear the additional cost of hiring manpower and paying salary. As a result, many people will lose their job opportunities despite having the talent and experience.
6. Teaching
Experts say teachers should think about the future. Chat can take GPT classes which have already been proven.
ChatGPT can assist teaching professionals in several ways:
Content Generation: ChatGPT can assist in creating educational materials, such as lesson plans, quizzes, and presentations, saving time and improving the quality of instructional materials.
Student Assessment: ChatGPT can automate the grading of assignments and assessments, providing teachers with more time to focus on personalized instruction and student feedback.
Personalized Learning: ChatGPT can assist in providing personalized learning experiences for students, by adapting to individual learning styles and needs, and providing targeted recommendations for further learning.
Research Assistance: ChatGPT can assist teachers with research, providing quick and accurate answers to questions, and helping with the generation of academic papers and presentations.
Classroom Management: ChatGPT can assist with classroom management tasks, such as attendance tracking, assignment management, and behavior monitoring, helping teachers to create a more organized and efficient learning environment.
Although in this case some mistakenly mistaken chat GPT. But in the future, efforts are being made to improve Chat GPT through training. Some experts have suggested that there is a possibility that the teaching profession is also under threat.
7. Financial Sector Jobs
Financial sector jobs like financial analysts, and personal financial advisors who work with mathematical data may be at risk as these jobs can be automated through Chat GPT.
ChatGPT can assist in managing financial sector jobs in a few ways:
Customer Service: ChatGPT can be integrated into customer service systems to provide 24/7 support, handling frequently asked questions and providing quick resolutions to customer inquiries.
Data Analysis: ChatGPT can analyze financial data and provide insights to support decision-making for financial sector jobs.
Report Generation: ChatGPT can automate the generation of reports and financial statements, freeing up time for financial sector professionals to focus on higher-level tasks.
Process Automation: ChatGPT can automate repetitive and time-consuming tasks, such as data entry, to improve efficiency and accuracy in the financial sector.
ChatGPT can provide support and assistance, but financial sector professionals should always validate and independently verify the information generated by ChatGPT before making decisions or taking action.
8. Capital market work
Experts say the work of a capital market trader can be done now at chat GPT. ChatGPT can assist in managing capital market work in several ways:
Market Insights and Analysis: ChatGPT can analyze large amounts of market data and provide insights to support decision-making for capital market professionals.
Portfolio Management: ChatGPT can assist with portfolio management by providing real-time updates on market trends and suggesting trades based on market conditions.
Regulatory Compliance: ChatGPT can help ensure regulatory compliance by providing information on rules and regulations and highlighting potential compliance risks.
Report Generation: ChatGPT can automate the generation of reports, freeing up time for capital market professionals to focus on higher-level tasks.
Customer Service: ChatGPT can be integrated into customer service systems to provide 24/7 support, handling frequently asked questions and providing quick resolutions to customer inquiries.
Since the work of the capital market is constantly changing, it must be updated all the time, which Chat GPT may not provide correct or there may be some errors. Therefore, to match the era, to change and correct and adjust the information provided by Chat GPT by analyzing it.
9. Graphic design:
It is possible to create or edit images within seconds with tools based on artificial intelligence technology.
ChatGPT can assist in managing the graphic design sector by providing information, answering questions, and automating certain tasks related to design. For example, it can provide information on design trends, suggest design software, assist with design specifications, and provide information on copyright and licensing.
Additionally, it can be used to automate routine tasks such as generating design concepts, color palettes, and mockups. However, it’s important to note that while ChatGPT can assist in various tasks, it is not a replacement for human graphic designers and should be used as a tool to augment their work.
As a result, future chat GPT will have a huge impact on the graphic design industry.
10. Accounting
The accounting profession is considered to be a fairly stable profession. But due to Chat GPT, the tasks of this profession can be done very quickly, Ao all the posts allocated as accountants may disappear soon. Artificial intelligence-based technology Chat GPT can start performing those tasks.
ChatGPT can assist in managing accounting tasks by providing information, answering questions, and automating certain routine tasks.
For example, it can provide information on accounting principles, help with the calculation and reconciliation of financial statements, provide guidance on tax laws and regulations, and assist with generating financial reports.
However, it’s important to note that while ChatGPT can assist in various accounting tasks, it is not a replacement for human accountants and should be used as a tool to augment their work. Additionally, it’s critical that any financial information generated or provided by ChatGPT is reviewed and verified by a human accountant to ensure accuracy.
But still less manpower will be required as compared to the present as human assistance is definitely needed in the field of money transactions.
11. Customer service
Various companies are already providing various services to buyers and customers through robots or chatbots.
ChatGPT can assist in managing the customer service sector by providing quick and accurate responses to customer inquiries, handling routine tasks such as account creation, password resets, and order tracking, and directing customers to the appropriate resources.
Additionally, ChatGPT can be trained to understand the specific language and terminology used by a company, allowing it to respond to customer inquiries in a conversational manner that is consistent with the company’s branding and tone.
By automating routine tasks and providing fast and accurate responses, ChatGPT can help companies improve their customer service and increase customer satisfaction. However, it’s important to note that while ChatGPT can assist in various customer service tasks, it is not a replacement for human customer service representatives and should be used as a tool to augment their work.
Chat GPT will have a huge impact on the customer service sector in the future. A study by technology research firm Gartner has shown that by 2027, 25 percent of organizations’ customer service will be managed by artificial intelligence technology.
After reading the article, you must have got some idea about how Chat GPT works and its future benefits. Do you think chat GPT will have an adverse effect on other professions? Or will it be useful as an upgraded version of any other intellectual content creator to simplify the difficult and complex tasks of people? Do not forget to give your opinion.
