IMF Warns AI Could Impact 40% of Global Jobs, Exacerbate Inequality

Advanced Economies Face Greater Risks; Policymakers Urged to Establish Safety Nets and Retraining Programs

Artificial Intelligence (AI) is set to impact 40% of jobs worldwide, with 60% of jobs in advanced economies being affected, according to a new report by the International Monetary Fund (IMF).
The IMF warns that AI could exacerbate income and wealth inequality, particularly in advanced economies where high-skilled jobs are at risk.
Emerging markets and low-income countries are expected to face fewer immediate disruptions from AI, but their lack of infrastructure and skilled workforces could prevent them from harnessing the benefits of AI.
IMF Managing Director, Kristalina Georgieva, urges policymakers to establish comprehensive social safety nets and offer retraining programs for vulnerable workers to mitigate the impact of AI.
AI is expected to be a major topic of discussion at the World Economic Forum in Davos, Switzerland.