Report: AI could displace 13% of Austin's workforce
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Austin is among the top 25 metro areas where artificial intelligence threatens the workforce, per a new analysis from research website ChamberofCommerce.org.
Driving the news: Roughly 13% of Austin's workforce is at risk of AI-related job loss, according to the group, which used U.S. Bureau of Labor Statistics employment data to analyze employment numbers within the 50 most-populated metro areas.
- Potential job loss estimates were based on the percentage of at-risk jobs within each metro area, according to ChamberofCommerce.org.
Why it matters: AI software and large language models — including ChatGPT — may soon be able to do all manner of jobs, raising concerns that a number of industries could replace workers with the technology.
- Administrative roles like recordkeeping and cashiers, accounting, bookkeeping, factory and traditional security roles face the largest potential job losses due to AI, according to a recent report from the World Economic Forum.
By the numbers: Austin ranked 23 out of the top 50 metro areas with the most at-risk jobs. Nearly 1.2 million workers are employed in the city and about 153,000 of those jobs are at risk.
- San Antonio ranked significantly higher on the list, at No. 6., with 14.29% of its workforce threatened by AI.
- Dallas ranked No. 20, with 13.07% threatened.
Yes, but: The latest tech boom has produced new jobs for the state, with AI job postings highly concentrated in just 15 metro areas, per a new Brookings Institution report.
- The 43 U.S. members of the Forbes AI 50 list, a showcase of promising AI companies, come from just four states — California, New York, Texas and Massachusetts, as well as one company operating fully remotely.
Of note: ChamberofCommerce.org researches products and creates guides for small-business owners. It is not affiliated with the U.S. Chamber of Commerce.