New Delhi, June 26 -- Despite rapid advances in artificial intelligence (AI) and growing concerns over mass job losses, a new Goldman Sachs report argues that fears of an imminent "AI job apocalypse" are overstated, although the technology is expected to significantly reshape labour markets over the coming decade.

The report, titled An AI Job Apocalypse, brings together views from economists and AI experts, who broadly agree that while AI will displace workers, it is also likely to create new employment opportunities over time.

Joseph Briggs, Senior Global Economist at Goldman Sachs, estimates that more than 9 per cent of the labour force, or around 15 million workers in the United States, could be displaced during a 10-year AI transiti...