Artificial intelligence (AI) will affect 60% of jobs in industrialized economies, IMF Managing Director Kristalina Georgieva has announced.
According to the IMF analysis, half of the jobs impacted by AI will be adversely affected, while the rest may profit from increased productivity increases as a result of AI.
“Advanced economies, some emerging markets, are going to see 60 percent of their jobs impacted,”
she said in an interview in Washington, citing an International Monetary Fund report published
Sunday on the topic.” said Kristalina.
“And then it goes down to 40 percent, for emerging markets, 26 percent for low-income countries,"
she added, referencing the IMF report, which notes that overall, almost 40 percent of global
employment is exposed to AI.” added the managing director of IMF.
According to the IMF, while AI will have a reduced initial impact on emerging markets and developing economies, they are also less likely to profit from the benefits of the revolutionary
technology.
“This could exacerbate the digital divide and cross-country income disparity," the report continued, adding that older workers are likely to be more vulnerable to the change brought about by AI.
The IMF sees an important opportunity for policy prescriptions to help address these concerns.”
Explained Georgieva.
The IMF director further warned that the world should prepare for the impact of AI.
We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present. In other words, embrace it, it is coming.
So artificial intelligence, yes, is a little scary. But it is also a tremendous opportunity for everyone.
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