AI Is a 'Slow-Moving Tsunami' that Will Wipe Out Jobs, Warns IMF
Kristalina Georgieva said AI is already hollowing out routine work and could strain government revenues by shifting income toward capital, the IMF said.
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7 Articles
During the work of the Annual Meetings of the World Bank and the International Monetary Fund in Bangkok, the two institutions drew the alarm. They no longer wonder if the AI will hit jobs, but think about how to cushion the fallout. The people who worry the most about it are the young people who [...] Read the article The World Bank and the IMF warn about the IA effect on youth employment appeared first on Managers.
AI is destroying jobs like a slow-moving tsunami, IMF warns - But who will pay taxes then?
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, compared the expansion of artificial intelligence to a "slow tsunami" that threatens the employment market. She pointed out that the impact of AI on youth employment is particularly worrying.
The IMF warns that Artificial Intelligence (AI) could affect 40% of jobs in the world and threaten young people's opportunities to enter the labour market. The World Bank highlights AI's potential to create jobs and increase productivity in developing countries
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