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ChatGPT, an AI chatbot owned by Microsoft, is now being used by companies to replace human employees and save money.
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According to a survey by ResumeBuilder.com, 48% of companies saved over $50,000 and 11% saved over $100,000 by using ChatGPT.
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Half of the surveyed companies have implemented chatbots, and almost half of this group reported that ChatGPT can do much better than humans.
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About 77% of firms using ChatGPT use it to write job descriptions and 66% use it to draft interview solicitations.
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Job seekers are also using ChatGPT for resumes and cover letters, with 72% using it for cover letters and 51% for resumes.
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76% of respondents reported high or very high quality of application materials written by ChatGPT, and 28% said they only had to do a little bit or no editing.
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Workers need to consider how the growing use of AI chatbots may affect their current job responsibilities.
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The use of ChatGPT by companies is growing in the workplace, and more companies may start to adopt it to save costs and increase efficiency.