IMF Says AI Could Affect 40 Percent of Global Jobs

Around 40 percent of jobs worldwide will be affected by artificial intelligence (AI) as the technology will shape the nature of future work, according to a study by the International Monetary Fund (IMF). The study, released on Jan. 14, found that AI will impact high-skilled jobs. In developed economies, exposure to AI is greater, as 60 percent of these professions will be affected by AI, primarily “due to the prevalence of cognitive-task-oriented jobs.” These economies will face more risks, but benefit more from AI than less-developed and emerging economies. The report noted that about half of the impacted jobs could experience increased productivity via AI integration. However, for the other half, AI applications might take over crucial tasks currently handled by humans, potentially reducing labor demand, causing lower wages, and limiting hiring. In extreme scenarios, some jobs may even disappear....