Did ChatGPT Just Kill Freelancing? 😡

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πŸ’‘ I wrote this in my coding, tech, career, and artificial intelligence newsletter. Join us, we’re hundreds of thousands of ambitious techies!

If you’ve read this newsletter for some time, you know that I don’t take the disruptive power of ChatGPT lightly. Some Finxter readers asked me whether freelancing is still the future of work.Β 

While I don’t have a crystal ball, I’ll give you my best answer below. But first, let’s look at the answer of somebody more credible than me: Upwork’s CEO Hayden Brown.

Hayden spills the beans on the future of freelancing in the age of AI-driven communication and whether ChatGPT is a friend or foe in the gig economy.

[Blog] Will ChatGPT Kill Freelancing? No They’re Allies Not Enemys, Says Upwork CEO

The article shows many interesting stats and facts and glimpses into Upwork’s vast internal datasets. If you want to learn the secrets only known to large freelancing marketplaces, check out the full article on the blog.

In short, Hayden argues that brand-new job roles such as prompt engineers elicit explosive demand at the same time as virtually every single job role is now expected to integrate LLM-based generative AI tools into their own work. 

Hayden also argues that the demand for skilled labor has only increased through the advent of strong AI with ChatGPT and other LLMs.Β 

Great news! πŸ€‘ 

My take is that, like the pandemic, the emergence of AGI in the upcoming years will catapult most companies out of their traditional ways and into new ways of organizing talent. Freelancing as a way to organize labor will be winning.

Change is inevitable in the years to come, and the most flexible one has a significant advantage. I’d rather be a freelancer with a diversified business selling my specialized knowledge to companies worldwide, as compared to an employee selling my skills to a single organization/company/government.

πŸ’‘ Recommended: Should I Become a Freelance Developer?

The sovereign individual needs a high degree of mobility and independence that is only possible with a remote or online-based business.

Legions of freelancers already leverage AI tools to generate large amounts of value for their clients — and income for themselves. Income that flows independently of the prosperity of a single nation, industry, or organization.

But here’s the catch: freelancer or employee, we’ll all be disrupted eventually. And it will be sooner than many of us expect. So, even as freelancers, we’re not protected against the emergence of strong AI.Β 

What we should do, however, is shift our minds to becomeΒ investors rather than freelancers or employeesΒ so we can get our hands on some of the newly-created wealth. Because this wealth will flow to the owners first.Β 

πŸ’‘ Recommended: The Math of Becoming a Millionaire in 13 Years

A sensible approach following these considerations is to work harder, add a new income stream via freelancing (whether you already have a primary income source as an employee or not), and invest the additional proceeds. Where? In companies that benefit from AI’s emergence or in scarce assets like Bitcoin or gold.

I’m not an investment advisor though – just a random dude from the Internet.

Tomorrow, I’ll send you more exciting LLM content – stay tuned!

To your success! πŸš€

Chris


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