Modular AI, which refers to the use of artificial intelligence in a modular or component-based manner, has the potential to significantly impact the future of work and employment. One potential implication is that it could drive job creation. According to a survey, nearly half of companies expect adopting AI to create jobs, while only 23 of respondents expect it to displace jobs. This suggests that modular AI could lead to the creation of new jobs as businesses adopt this technology to improve their operations and productivity.
However, there is also the possibility that modular AI could displace some jobs, particularly those that involve routine or repetitive tasks. A report by investment bank Goldman Sachs suggests that AI could replace the equivalent of 300 million full-time jobs, particularly in the US and Europe. However, it is also possible that the adoption of AI could lead to a productivity boom and the creation of new jobs in areas such as data analysis, programming, and maintenance. Overall, the impact of modular AI on the future of work and employment will depend on how it is implemented and how it is integrated into existing industries and job roles. It is likely that the adoption of this technology will lead to a shift in the types of jobs that are available, with a greater emphasis on technical and analytical skills.