TECH - AI Could Impact 40% Of Global Jobs IMF Warns: 'Will Likely Worsen Overall Inequality' | Benzinga
In a startling revelation, the International Monetary Fund (IMF) has predicted that artificial intelligence (AI) will have a significant influence on nearly 40% of jobs worldwide, with advanced economies expected to bear the brunt of this impact.
What Happened: A recent Bloomberg report outlines the IMF’s analysis, which suggests that advanced economies could see up to 60% of jobs influenced by AI, a more severe effect compared to emerging markets and low-income countries.
The IMF’s Managing Director, Kristalina Georgieva, warned that AI could potentially increase income inequality, depending on how it benefits high earners. Georgieva urged policymakers to mitigate this disturbing trend and prevent AI from heightening social tensions.
"In most scenarios, AI will likely worsen overall inequality, a troubling trend that policymakers must proactively address to prevent the technology from further stoking social tensions."
Georgieva also highlighted the need for countries to establish extensive social safety nets and retraining programs for at-risk workers. She believes that while AI could completely replace ...