AI Set to Impact 40% of Jobs, Worsening Inequality, Warns IMF

Brief by Shorts91 Newsdesk / 02:07pm on 15 Jan 2024,Monday Tech Today

The International Monetary Fund (IMF) predicts that artificial intelligence (AI) will influence nearly 40% of jobs, potentially exacerbating overall inequality. IMF Managing Director Kristalina Georgieva emphasizes the need for policymakers to address this concerning trend to prevent AI from fueling social tensions. In advanced economies, around 60% of jobs could be affected, with AI enhancing productivity in some instances and replacing human tasks in others. However, low-income countries may experience less impact, highlighting the potential for AI to worsen inequality among nations. Georgieva urges comprehensive social safety nets and retraining programs to ensure an inclusive AI transition.

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