Generative AI can lead to job loss in entertainment, says experts

According to Cointelegraph, generative artificial intelligence (Gen AI) will lead to the loss of more jobs in the film and animation industry than in other sectors, as per insights from CVL Economics, a consultancy firm.

Sources revealed that in January 2024 a report was made on a survey of 300 leaders, from six entertainment industries, including c-suite executives, senior executives and mid-level managers, between November 17, 2023 and December 22, 2023. The firm is expected to have found that 75% of survey respondents indicated Gen AI tools, software and models had supported the elimination, reduction or consolidation of jobs in their business division.