Artificial intelligence (AI) is expected to have an impact on 60 per cent of jobs in advanced economies, according to Kristalina Georgieva, managing director of the International Monetary Fund (IMF).
She mentioned in an interview with AFP before heading to the World Economic Forum in Davos, Switzerland that “Advanced economies, some emerging markets, are going to see 60 per cent of their jobs impacted,” referring to an IMF report published on the topic.
The report also highlights that almost 40 per cent of global employment is exposed to AI, with varying impacts on different types of economies.
While AI may lead to job displacement, it also has the potential to enhance productivity and increase income levels for some workers. However, the IMF warns that emerging markets and developing economies may not benefit as much from AI, potentially widening the digital divide and income disparity between countries.
The report also suggests that older workers could be more vulnerable to the changes brought about by AI.
Despite the potential challenges, Georgieva sees AI as a significant opportunity and emphasizes the need for policy interventions to help low-income countries seize the opportunities presented by artificial intelligence.
She encourages embracing AI, acknowledging that while it may be intimidating, it also offers tremendous opportunities for everyone.
