The IMF estimates that artificial intelligence might affect up to 40% of jobs worldwide.
According to the IMF, artificial intelligence might impact up to 40% of occupations globally.
The International Monetary Fund (IMF) has warned that up to 40% of jobs globally will be impacted by artificial intelligence (AI).
In developed economies like the UK, this might increase to 60% of jobs; nevertheless, it's anticipated that AI will help the workforce in half of these scenarios.
The IMF issued a warning in a recent report, stating that while it is still difficult to predict how AI will affect society, it is expected to worsen wealth and income disparities.
The likelihood that developing nations would "seize" AI's benefits is significantly lower, which will exacerbate the digital divide and widen the wealth gap between them.
The globe is "on the brink of a technological revolution that could jumpstart productivity, boost global growth, and raise incomes around the world," according to IMF managing director Kristalina Georgieva, but some people may lose their livelihoods as a result.
She clarified that while ordinary chores have frequently been impacted by automation and IT, AI is unique in that it has the potential to harm well-paying careers.
According to IMF research, "advanced AI algorithms may now augment or even replace jobs that require nuanced judgment, creative problem-solving, or intricate data interpretation—traditionally the domain of highly educated professionals."
While younger workers would have an easier time seizing the opportunities presented by artificial intelligence, more experienced workers might find it difficult to adjust.
Ms. Georgieva cautioned that "most scenarios” will likely see an increase in general inequality, a worrying trend that authorities must proactively address to stop the technology from further inflaming social tensions.
Based on its workforce's education and digital infrastructure, the UK is reportedly among the nations most equipped to handle the disruption that artificial intelligence could bring about.
blogpay
Total Comments: 0