Cognizant put $4.5tn on AI job exposure, then hired 1,500 graduates
Cognizant announced on Monday that it will hire 1,500 American college graduates this year and build a new job family for the AI era. The company’s own research says AI could take on $4.5tn worth of work Americans currently get paid to do.
Both numbers come from the same firm, on the same day. Reading them together is the most useful thing you can do with this announcement.
What the research says
Cognizant published its updated AI research in January. The report assessed 18,000 tasks across roughly 1,000 occupations in the US Labor Department’s O*NET database. It then scored each job for how much of it AI could now assist with or automate.
It found that 93% of jobs could be affected in some way. That is six years ahead of what the company forecast three years earlier. Jobs facing what it calls existential change, meaning at least half their...
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