Tuesday, May 14, 2024

Polaris of Enlightenment

Tuesday, May 14, 2024

Polaris of Enlightenment

AI expected to boost Swedish economy – and leave many jobless

Published 15 April 2024
- By Editorial Staff
A wide variety of practical tasks can now be performed by AI-controlled robotic workers.

Artificial intelligence could soon add up to SEK 550 billion to Sweden’s GDP, according to a report commissioned by Google.

At the same time, a number of professions are expected to be automated and “disappear” as a result of AI developments – including translators, service workers and salespeople. It is also unclear who will reap the benefits.

According to the report, which was commissioned by Google and prepared by the consulting firm Implement, so-called “generative AI” could increase Sweden’s annual GDP by about 9 percent – or between 500 and 550 billion kronor – over the next decade.

Robot workers in factories and industries are already a reality in many places. The next major step in the automation of society is expected to affect mainly office services, and it is in areas such as information, communication, finance, insurance, business services, education and health care that artificial intelligence is expected to have the greatest “productivity gains” in the future.

Generative AI is a type of AI that can create digital content such as text, images, music or movies by “learning” from large amounts of data and generating new unique content similar to what it has been trained on.

Optimize or replace

– Here, generative AI tools are more likely to complement what humans do. It’s only a small part of the jobs that will be significantly affected by automation, Anna Wikland, Google’s head of Sweden, claims, according to the tax-funded SVT.

Six percent of jobs are expected to be replaced on a large scale by AI in the future – including call center staff, office support functions, technicians, salespeople, service personnel and translators, and many other professions are expected to be affected in various ways by the development of the technology.

At the same time, those who work in construction, cleaning, cooking or caregiving need not be particularly concerned, as it is considered unlikely that AI will have any significant impact at all.

“Need for discussion”

US authorities have previously warned that “AI can increase income inequality if it is used to replace people in low-income jobs while strengthening people in high-income jobs”, and there are concerns that big companies will reap the profits from AI developments – while ordinary people see their jobs disappear forever.

– At the beginning of industrialization, it seemed that all productivity gains were almost exclusively in the hands of corporations, but then there was a political moment when it was reversed and redistributed in different ways across society, says Nicklas Lundblad, a member of the Swedish government’s AI commission.

– Everyone has to take a stand. There is no need for it to go one way or the other. We need a discussion as a society, he continues.

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