MIT AI Risk Repository · Risk Sub-Category · 33.04.02

Disruption of Industries

Category: Challenges associated with the economy:

Description

"Industries that require less creativity, critical thinking, and personal or affective interaction, such as translation, proofreading, responding to straightforward inquiries, and data processing and analysis, could be significantly impacted or even replaced by generative AI (Dwivedi et al., 2023). This disruption caused by generative AI could lead to economic turbulence and job volatility, while generative AI can facilitate and enable new business models because of its ability to personalize content, carry out human-like conversational service, and serve as intelligent assistants."

From Generative AI and ChatGPT: Applications, Challenges, and AI-Human Collaboration (Nah2023), as extracted by the MIT AI Risk Repository (CC BY 4.0).

Classification

Causal entity
Human

Subdomain definition: Widespread use of AI increasing social and economic inequalities, such as by automating jobs, reducing the quality of employment, or producing exploitative dependencies between workers and their employers.

Real-world incidents in this subdomain

Browse all incidents in this subdomain

How other frameworks describe this risk

  • Job loss/losses

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Political instability

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Labour exploitation

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Societal destabilisation

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Societal inequality

    A Collaborative, Human-Centred Taxonomy of AI, Algorithmic, and Automation Harms (Abercrombie2024)

  • Increased income disparity

    The Rise of Artificial Intelligence - Future Outlooks and Emerging Risks (Allianz2018)

  • Economic

    The Rise of Artificial Intelligence - Future Outlooks and Emerging Risks (Allianz2018)

  • Global Economic Development

    Foundational Challenges in Assuring Alignment and Safety of Large Language Models (Anwar2024)

Other entries from Nah2023