New bots and other AI tools are likely to supplant people in performing certain workplace tasks, experts say.
"Bots will be much more in the realm of people who do a mixture of intuitive and mundane tasks like writing basic advertising copy, first drafts of legal documents. Those are expert skills, and there is no question that software will make them cheaper and therefore devalue human labor," Autor said. Creative industries are likely to be affected, too.
"So you will not be dependent as a client on a 25-year old media planner or buyer, who has limited experience, but you'll be able to pool the data. That's the big change," he said.ChatGPT's abilities translate well to the legal profession, according to AI experts as well as legal professionals. In fact, ChatGPT's bot recently and earned a passing grade after writing essays on topics ranging from constitutional law to taxation and torts.
"The dynamic that happens to lawyers now is there is way too much work to possibly get done, so they make an artificial distinction between what they will work on and what will be left to the wayside," said Jason Boehmig, co-founder and CEO of Ironclad, a legal software company. Common legal forms and documents including home lease agreements, wills and nondisclosure agreements are fairly standard and can be drafted by a an advanced bot."There are parts of a legal document that humans need to adapt to a particular situation, but 90% of the document is copy pasted," Netzer of Columbia Business School said."There is no reason why we would not have the machine write these kinds of legal documents.
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