AI Impact: IMF Chief Warns 40% of Global Jobs Face Change Amid Challenges and Opportunities

Brief by Shorts91 Newsdesk / 06:09am on 15 Jan 2024,Monday Tech Today

Global job markets face significant changes as artificial intelligence (AI) is expected to impact 40% of jobs worldwide, warns International Monetary Fund (IMF) Chief Kristalina Georgieva. In an interview, she highlighted the dual nature of AI, posing risks to job security while presenting a "tremendous opportunity" for increased productivity. The IMF report suggests 60% job impact in advanced economies, with developing countries expecting a milder effect. Georgieva stressed the importance of assisting low-income nations to harness AI opportunities. Despite challenges, she expressed optimism for a soft landing in the global economy, emphasizing the need for AI-driven productivity growth.

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