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Since the release of ChatGPT, companies have scrambled to understand how generative artificial intelligence will affect jobs. This past week, IBM CEO Arvind Krishna said the company will pause hiring for roles that could be replaced by AIaffecting as much as 30% of back-office jobs over five years. And Chegg , which provides homework help and online tutoring, saw its stock lose half of its value after warning of slower growth as students turned to ChatGPT.

A recent study by a team of professors from Princeton University, the University of Pennsylvania, and New York University analyzed how generative AI relates to 52 human abilities. The researchers then calculated AI exposure for occupations. (Exposure doesnt necessarily mean job loss.) Among high-exposure jobs, a few are obvioustelemarketers, HR specialists, loan officers, and law clerks. More surprising: Eight of the top 10 are humanities professors.

In a survey from customer-service software firm Tidio, 64% of respondents thought chatbots, robots, or AI can replace teachers, though many believe that empathy and listening skills may be tough to replicate. A survey from the Walton Family Foundation found that within two months of ChatGPTs introduction, 51% of teachers tapped it for lesson planning and creative ideas. Some 40% said they used it at least once a week, compared with 22% of students.

AI isnt just knocking on the door; its already inside. Language-learning app Duolingo has been using AI since 2020. Even Chegg unveiled an AI learning service called CheggMate using OpenAIs GPT-4. Still, Morgan Stanley analyst Josh Baer wrote that its highly unlikely that CheggMate can insulate the company from AI.

Write to Evie Liu at evie.liu@barrons.com

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Devon Energy , KKR , McKesson , PayPal Holdings , and Tyson Foods release earnings.

Airbnb , Air Products & Chemicals , Apollo Global Management , Duke Energy , Electronic Arts , Occidental Petroleum , and TransDigm Group report quarterly results.

The National Federation of Independent Business releases its Small Business Optimism Index for April. Consensus estimate is for a 90 reading, roughly even with the March figure. The index has had 15 consecutive readings below the 49-year average of 98 as inflation and a tight labor market remain top of mind for small-business owners.

Walt Disney

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Brookfield Asset Management , Roblox , Toyota Motor , and Trade Desk release earnings.

The Bureau of Labor Statistics releases the consumer price index for April. Economists forecast a 5% year-over-year increase, matching the March data. The core CPI, which excludes volatile food and energy prices, is expected to rise 5.4%, two-tenths of a percentage point less than previously. Both indexes are well below their peaks from last year but also much higher than the Federal Reserves 2% target.

Honda Motor , JD.com , PerkinElmer , and Tapestry hold conference calls to discuss quarterly results.

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The Bank of England announces its monetary-policy decision. The central bank is widely expected to raise its bank rate by a quarter of a percentage point, to 4.5%. The United Kingdoms CPI rose 10.1% in March from the year prior, making it the only Western European country with a double-digit rate of inflation.

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The Department of Labor reports initial jobless claims for the week ending on May 6. Claims averaged 239,250 in April, returning to historical averages after a prolonged period of being below trend, signaling a loosening of a very tight labor market.

The BLS releases the producer price index for April. The consensus call is for the PPI to increase 2.4% and the core PPI to rise 3.3%. This compares with gains of 2.7% and 3.4%, respectively, in March. The PPI and core PPI are at their lowest levels in about two years.

The University of Michigan releases its Consumer Sentiment Index for May. Economists forecast a dour 62.6 reading, about one point lower than in April. Consumers year-ahead inflation expectations surprisingly jumped by a percentage point in April to 4.6%.

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Artificial Intelligence and Jobs: Whos at Risk - Barron's