Managing Director of the IMF Kristalina Georgieva predicts that AI will affect around 40% of jobs worldwide.
“Advanced economies face greater risks from AI – but also more opportunities to exploit its benefits – compared to emerging and developing economies,” Georgieva wrote in a statement. blog post Sunday, citing the IMF report recent analysis on the subject.
This is due to AI’s “ability to impact high-skilled jobs,” Georgieva said. And in the case of advanced economies, around 60% of jobs could be affected by AI, she added.
“About half of exposed jobs could benefit from AI integration, improving productivity. For the other half, AI applications can perform key tasks currently done by humans, which could reduce productivity. demand for labor, leading to lower wages and reduced hiring,” Georgieva wrote.
“In the most extreme cases, some of these jobs could disappear,” she added.
In comparison, Georgieva expects emerging markets and developing economies “to face less immediate disruption from AI.”
Nonetheless, Georgieva called on policymakers to guard against potential inequalities and social tensions that AI could cause. She also called for countries to put in place “comprehensive social safety nets and provide retraining programs for vulnerable workers.”
The IMF is not alone in issuing warning calls for AI. In March, Goldman Sachs said in a report that AI could disrupt more than 300 million jobs.
Annesh Raman, vice president of LinkedIn said in a podcast interview in November that AI would reduce the value of technical skills, making soft skills more important.
“The shelf life of a diploma is decreasing dramatically,” Raman told host Molly Wood Microsoft podcast “Worklab”.
IMF representatives did not immediately respond to a request for comment from Business Insider sent outside of normal business hours.
