Welcome to Goldman Sachs Exchanges. I'm Alison Nathan, and I'm here with George Lee, co-head of the Goldman Sachs Global Institute.

Together we're co-hosting a series of episodes exploring the rise of AI and everything it could mean for companies, investors, and economies.

George, great to see you again.

You too, Alison. Thank you.

So, George, today we're discussing one of the biggest anxieties, I would say, about the rise of AI, which is the impact on jobs.

I would say even prior to the amazing advances in the technology that we've seen over the

last few years and that you and I have discussed a lot on this podcast, there have been a lot

of questions about the extent to which AI will ultimately replace workers.

And if that happens to a large extent, what industries, what roles will be most impacted. It's now been almost three years,

though, since we've seen the launch of ChatDBT, which is very hard to believe.

I think you agree with me. Time flies when you're having fun. But that means that we're actually

beginning to see some hard data that I think could finally reveal some questions, or at least

start to reveal some answers to these questions.

So to that end, I'm excited to welcome my colleague from Goldman Investment Research, Joseph Briggs,

who leads our global economics research. He's done some really truly informative and

formative work, I would say, on the economic implications of AI more broadly and certainly

on this topic. Joseph, thanks for joining us. Great to be here, Alison. Great to be here, George.

And so Joseph, before we just dive into all the details, as I just said, we've talked a lot about

the advances of the technology. It's come a long way in the last few years, but I think we'd all

agree that the adoption is still pretty early.

So is it too early to see tangible signs on the labor market?

Yeah, so when we look at adoption, we're currently tracking about 9% of companies in the U.S. using AI for regular production.

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