AI Adoption Could Risk 8 Million Jobs: Think Tank

The use of artificial intelligence in the labour market could lead to 8 million job losses and no GDP gain, a think tank has warned. Generative AI is set to be a “game changer” for millions of workers in the UK, analysis by the Institute for Public Policy Research (IPPR) has found. Whether the changes will be positive or destructive for the labour market largely depends on its effective management and implementation, the think tank said. “History show[s] that technological transition can be a boon if well managed, or can end in disruption if left to unfold without controls. Indeed, some occupations could be hard hit by generative AI, starting with back office jobs,” said Carsten Jung, senior economist at IPPR....