International Monetary Fund (IMF) President Kristalina Georgieva has warned of the impact of artificial intelligence (AI) on the labor market.
He said AI will hit the job market “like a tsunami” and dramatically change employment around the world within the next two years.
He further stated that AI could impact a significant portion of jobs, with 60% of jobs in developed countries potentially disappearing and 40% of jobs globally. Ta.
“We have very little time to prepare people and prepare businesses,” Georgieva said.
Georgieva said AI has the potential to improve productivity and efficiency in a variety of areas. But she warned that if not carefully managed, problems such as misinformation and income inequality could also increase.
“If managed well, they can lead to significant productivity gains, but they can also lead to more misinformation and, of course, greater social inequality,” the IMF chief said. .
Georgieva's comments coincide with advances in AI technology by major tech companies.
OpenAI's recently announced GPT-40 model is now available for free to all users and represents a major advancement in conversational AI capabilities.
Similarly, Google is expected to announce new AI features at the I/O 2024 conference, promising further advancements in Android technology.
Despite ongoing challenges such as the COVID-19 pandemic and geopolitical tensions such as the war in Ukraine, the global economy has shown resilience and continues to perform better than expected.
Georgieva dismissed concerns about the economic downturn that arose last year, saying the world was not currently in a global recession.
Additionally, inflation rates, which measure how prices rise over time, are starting to moderate in many regions.
He emphasized that climate change is a persistent threat to the global economy and stressed the importance of implementing strong strategies to address both existing and future challenges.
