New Delhi, Feb 28 (NationPress) Concerns surrounding the potential for artificial intelligence to eliminate millions of jobs have caused unease among both workers and investors. However, a recent research note from Morgan Stanley indicates that the long-term effects may be less drastic than anticipated.

The report reveals that while certain positions may become automated, the majority of employees are not expected to be permanently displaced. Instead, many are likely to transition into entirely new job categories, some of which have yet to be created. The bank posits that artificial intelligence will transform the work landscape rather than eradicate it completely.

To bolster its claims, Morgan Stanley references significant technological advancements over the last 150 years, such as electricity, mechanization in agriculture, computers, and the internet. These developments reshaped industries and modified job requirements but did not completely eliminate the need for human labor.

The report highlights the introduction of spreadsheets in the 1980s as an illustrative case. While spreadsheets diminished the necessity for certain clerical tasks, they empowered finance professionals to concentrate on more intricate and valuable assignments. This evolution ultimately fostered new career opportunities within the finance sector instead of dismantling it.

Morgan Stanley anticipates that artificial intelligence will similarly alter job roles, professions, and required skill sets. As AI becomes more prevalent, businesses are expected to establish new leadership positions, such as chief AI officers, to manage the integration of this technology into their operations.

The demand for AI governance experts is expected to rise, particularly in heavily regulated fields like healthcare. Areas such as data regulation, cybersecurity, and policy oversight will likely require skilled professionals to ensure the responsible deployment of AI systems.

In the tech industry, hybrid roles that blend product management and engineering are predicted to gain traction. With the advent of natural-language coding tools, product managers may assume more technically oriented responsibilities, facilitating the building and testing of initial prototypes before passing projects to engineering teams.

AI is also projected to give rise to highly specialized positions across various sectors. Companies focused on consumer engagement may recruit AI personalization strategists and AI supply chain analysts, merging data proficiency with customer experience insights. Industrial enterprises could increasingly depend on specialists in predictive maintenance and intelligent energy systems. In the healthcare arena, new roles might emerge concentrating on computational genetics and the oversight of AI-driven diagnostic technologies.

The bank remarked that market fears concerning AI's potential to disrupt entire sectors may be exaggerated. It noted that services and cyclical industries, which have experienced weaknesses attributed to disruption anxieties, comprise only about 13 percent of the S&P 500's market value.