IMF Director General: AI is positive but will wipe out many jobs

Washington [US], January 15: Artificial intelligence (AI) will affect many jobs globally in both negative and positive ways, according to the assessment of the Director General of the International Monetary Fund (IMF).
In an interview with AFP in Washington DC (USA) before leaving for Davos (Switzerland) to attend the annual conference of the World Economic Forum (WEF) taking place from January 15-19, IMF General Director Kristalina Georgieva said AI will impact 60% of jobs in advanced economies and some emerging economies.
"Next is 40% in emerging markets, 26% in low-income countries," Ms. Georgieva said, citing a new report released on January 14 by the IMF
Overall, AI will impact nearly 40% of global employment, half of which will be negative while the rest could benefit from increased productivity thanks to AI.
"Your job could disappear completely, which is not good, or artificial intelligence could enhance your job, so you would be more productive and your income could increase," Mrs. Georgieva said.
According to the IMF report, the impact of AI on employment in emerging markets and developing economies may be low initially, but these places are less likely to benefit from this new technology. .
This could exacerbate the digital divide and income differences between countries. Besides, older workers are likely to be more disadvantaged by changes from AI.
The IMF Director General called for a focus on helping low-income countries move faster to catch up with the opportunities that AI brings. "It's coming, let's catch it. AI is a bit scary but it's also a huge opportunity for everyone," Ms. Georgieva said.
Source: Thanh Nien Newspaper