AI To Impact 60% of Advanced Economy Jobs, Says IMF Chief

A new report from the International Monetary Fund (IMF) says artificial intelligence will impact 60% of jobs in advanced economies. That number "goes down to 40 percent for emerging markets, 26 percent for low-income countries," added IMF Managing Director Kristalina Georgieva. Overall, almost 40 percent of global employment is exposed to AI, notes the report. Agence France-Presse (AFP) reports: The IMF report notes that half of the jobs impacted by AI will be negatively affected, while the rest may actually benefit from enhanced productivity gains due to AI. "Your job may disappear altogether -- not good -- or artificial intelligence may enhance your job, so you actually will be more productive and your income level may go up," Georgieva told AFP. While AI will initially have a lower impact on emerging markets and developing economies, they are also less likely to benefit from the advantages of the novel technology, according to the IMF. "This could exacerbate the digital divide and cross-country income disparity," the report continued, adding that older workers are likely to be more vulnerable to the change brought about by AI. The IMF sees an important opportunity for policy prescriptions to help address these concerns, Georgieva told AFP. "We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," she said. "In other words, embrace it, it is coming," she added. "So artificial intelligence, yes, a little scary. But it is also a tremendous opportunity for everyone."

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