Goldman Sachs predicts that AI tools like ChatGPT could potentially automate up to 300 million jobs, but this doesn't mean all these jobs will disappear; some tasks within these jobs may be automated. Historical data on technological advancements suggests that adjustments are necessary but can lead to increased productivity, as seen with electricity, mass transportation, and computers.

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The impact of AI on managerial roles depends on various factors. Generative AI, like ChatGPT, may enhance idea generation, but it's more likely to replace average managers than great ones. Great managers can use AI tools with the right prompts to support their search for outliers. AI excels at problem-solving through analogies, potentially outperforming humans in certain situations.

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However, managers' roles also involve implementation, where machines fall short, as human involvement is crucial. AI tools can assist by enabling large group involvement and aiding in drafting compelling narratives. Managers also play a vital role in mentoring and training, which could be partially replaced by AI, but this has potential drawbacks, such as over-reliance on rational decision-making.

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Overall, AI is seen as complementary to managerial roles, and those willing to adapt and acquire the right skills are likely to thrive. This aligns with a more general study suggesting an optimistic outlook for jobs and AI as long as workers are equipped with the necessary skills.