You can be on Entrepreneur’s cover!

AI Could Replace Up to 300 Million Workers Around the World. But the Most At-Risk Professions Aren't What You'd Expect. Goldman Sachs economists predict 18% of work could be automated by AI.

By Sam Silverman

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Stock Illustration/Getty Images

The latest advancements in artificial intelligence could be coming for your job.

With the rise of platforms like ChatGPT, Google's Bard, and others that can automate daily workflow, 300 million full-time jobs around the world could be at risk of becoming automated.

According to a new report released by Goldman Sachs economists on Sunday, "the labor market could face significant disruption." Economists predict that 18% of work can be computerized and white-collar workers could be the first to be replaced.

RELATED: Elon Musk Says We Should Stop Rapid AI Development Right Now — Here's Why

According to the report, administrative workers and lawyers are most at risk of losing work to automation. However, jobs that require manual labor and outdoor tasks will feel "little effect" from the AI boom.

About two-thirds of current jobs in the United States and Europe "are exposed to some degree of AI automation," and AI could potentially substitute a quarter of current work, the report said.

Although the advancements in AI will likely cut administrative jobs in the short term, the report notes that it could also aid in current jobs and can free up the workload of US workers by 25% to 50% and allow people to be more productive in other areas.

A study by the McKinsey Research Institute, which was published in 2018, predicted that 400 million people worldwide could be displaced as a result of AI before 2030. It also found that AI could account for $3.5 trillion to $5.8 trillion in annual value.

RELATED: We Asked Google's AI Bard How To Start A Business. Here's What It Said.

Within the next 10 years, Goldman Sachs economists predicted that labor productivity will increase, and they estimate AI could increase annual global GDP by 7%.

With the potential for AI to cut labor costs, increase productivity and create new jobs, economists predict a "productivity boom" that could raise "economic growth substantially." However, "the timing of such a boom is hard to predict."

Sam Silverman

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found in The US Sun, Nicki Swift, In Touch Weekly, Life & Style and Health. She writes for our news team with a focus on investigating scandals. Her coverage and expertise span from business news, entrepreneurship, technology, and true crime, to the latest in entertainment and TV news. Sam is a graduate of Lehigh University and currently resides in NYC. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This Dad Started a Side Hustle to Save for His Daughter's College Fund — Then It Earned $1 Million and Caught Apple's Attention

In 2015, Greg Kerr, now owner of Alchemy Merch, was working as musician when he noticed a lucrative opportunity.


Bring the Fun to Work with This $40 Xbox Accessories Bundle

Includes cables, charger base, a gaming headset, and more.

Thought Leaders

We Live in a Data-Driven World — Here's a Case For Listening to Your Gut Instead

Honing and trusting one's intuition can lead to quicker, more effective decision-making. Here's how to harness the power of listening to your gut to make the best choices.

Growing a Business

Bantam Bagels' Founder Fell Into a Mindset Trap 'People Don't Talk About' After Selling the Now-Defunct Business for $34 Million — Here's What Happened

Elyse Oleksak and her husband Nick founded their mini bagel business in 2013 — and it was an instant hit.

Business News

Yes, You Can Buy a Foldable Tiny Home on Amazon — And Now It's Selling for Less Than $12,000

The waterproof and flameproof house was listed around $35,000 a few months ago.

Money & Finance

Setting Your Business Up for Success Through the Rest of 2024

CFO's mid-year update: Understanding the latest trends and regulations impacting business finance.