Generative AI to Enhance Work, Not Replace Jobs

AI could inject up to $1 trillion into US economy, with significant impact on over half of all jobs.

Generative AI, such as chatbots and copilots, are expected to enhance work rather than replace human workers, making jobs more efficient and productive.
Microsoft has expanded its Copilot for Microsoft 365 to individuals and small businesses and introduced Copilot Pro, a premium subscription with advanced features.
A study by Cognizant and Oxford Economics predicts that generative AI could inject up to $1 trillion into the US economy over the next decade, with over half of all jobs significantly impacted.
The study also suggests that 9% of the US workforce could lose their jobs due to AI in the next decade, with 1% struggling to find new work due to non-transferable skills.
Companies and individuals are responding to this shift by investing in AI skills training, with Amazon launching the 'AI Ready' initiative to provide free AI skills training to two million people globally by 2025.