The Impact of GPT-4 and Large Language Models on Jobs: Economic Analysis

In this video, we delve into the economic implications of GPT-4 and other large language models on the labor market. We explore how these models are designed to replace tasks rather than entire jobs and discuss the potential impact on different professions. From healthcare to graphic design, we examine how the increased productivity brought by these models may lead to job displacement and changes in work dynamics. Join us as we analyze the findings from OpenAI's research paper and explore the potential consequences of the widespread use of large language models in various industries.💡🤖
--TIMESTAMPS--
00:00 Introduction
00:47 The labour Potential of Large Language Models
01:57 Tasks not Jobs
05:51 LLMs: Processing Assembly, Proteins, Chess
07:17 Exam results by GPT 3.5 pertormance
07:57 Comparing Automation Exposure Measures: Consistent Findings
09:14 GPTs and LLMs: Challenges for Policymakers
10:37 Challenges of General-Purpose GPTs
11:10 Enhancing Legal Research and Coding with LLMs
11:47 The Economic Impacts of Automation Technologies
11:52 Technology's Impact: Task Displacement vs. Task Reinstatement
12:21 The Power of General-Purpose Technologies (GPTs)
14:42: Occupations and Activities: A Precise Analysis
14:58 Exposure Rubric: GPTs Accelerating Human Tasks
16:04 Subjective human judgments
16:29 Measuring GPTs with GPT-4
16:53 Validity of task-based framework
17:17 Relative VS Absolute Measures
17:41 Results
18:04 Wages & Employment
20:29 GPTs as a General-Purpose Technology
20:47 Conclusion
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👨‍🎓ABOUT JUNAID KALIA MD
I am a HealthTech expert who believes that technology, especially AI, can enhance human lives by saving lives and preserving limbs. I am a Founders' Founder who shares his journey of founder highs and lows to help others learn. As an Angel Investor, I invest in early-stage startups.
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so true

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