{"id":38771,"date":"2024-01-20T10:00:27","date_gmt":"2024-01-20T10:00:27","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says"},"modified":"2024-01-20T10:22:25","modified_gmt":"2024-01-20T10:22:25","slug":"ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says","title":{"rendered":"AI to hit 40% of jobs and worsen inequality, IMF says"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Monetary Fund (IMF). IMF\u2019s managing director Kristalina Georgieva says \u201cin most scenarios, AI will likely worsen overall inequality\u201d.<\/p>\n

Ms Georgieva adds that policymakers should address the \u201ctroubling trend\u201d to \u201cprevent the technology from further stoking social tensions\u201d. The proliferation of AI has put its benefits and risks under the spotlight.<\/p>\n

The IMF said AI is likely to affect a greater proportion of jobs \u2013 put at around 60% \u2013 in advanced economies. In half of these instances, workers can expect to benefit from the integration of AI, which will enhance their productivity.<\/p>\n

In other instances, AI will have the ability to perform key tasks that are currently executed by humans. This could lower demand for labour, affecting wages and even eradicating jobs. Meanwhile, the IMF projects that the technology will affect just 26% of jobs in low-income countries.<\/p>\n

It echoes a report from Goldman Sachs in 2023, which estimated AI could replace the equivalent of 300 million full-time jobs \u2013 but said there may also be new jobs alongside a boom in productivity.<\/p>\n

Ms Georgieva said \u201cmany of these countries don\u2019t have the infrastructure or skilled workforces to harness the benefits of AI, raising the risk that over time the technology could worsen inequality among nations\u201d.<\/p>\n

Our fingerprints may not be unique, claims AI Young people turning to AI therapist bots More generally, higher-income and younger workers may see a disproportionate increase in their wages after adopting AI.<\/p>\n

Lower-income and older workers could fall behind, the IMF believes. \u201cIt is crucial for countries to establish comprehensive social safety nets and offer retraining programmes for vulnerable workers,\u201d Ms Georgieva said.<\/p>\n

\u201cIn doing so, we can make the AI transition more inclusive, protecting livelihoods and curbing inequality.<\/p>\n

\u201d The IMF analysis comes as global business and political leaders gather at the World Economic Forum in Davos, Switzerland.<\/p>\n

AI is a topic of discussion, following the surge in popularity of applications like ChatGPT. The technology is facing increased regulation around the world.<\/p>\n

Last month, European Union officials reached a provisional deal on the world\u2019s first comprehensive laws to regulate the use of AI. China has introduced some of the world\u2019s first national regulations on AI, which include rules concerning how algorithms can be developed and deployed.<\/p>\n

In October, President Biden signed an executive order compelling developers to share safety results relating to AI with the US government. The following month the UK hosted an AI Safety Summit, at which at a declaration on the safe development of the technology was signed by multiple countries.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Monetary Fund (IMF). IMF\u2019s managing director Kristalina Georgieva says \u201cin most scenarios, AI will likely worsen overall inequality\u201d. Ms Georgieva adds that policymakers should address the \u201ctroubling trend\u201d to \u201cprevent the technology from […]<\/p>\n","protected":false},"author":84,"featured_media":38769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,171,241],"class_list":["post-38771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-china","tag-mauritius"],"yoast_head":"\nAI to hit 40% of jobs and worsen inequality, IMF says - Mauritius<\/title>\n<meta name=\"description\" content=\"Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Moneta ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI to hit 40% of jobs and worsen inequality, IMF says\" \/>\n<meta property=\"og:description\" content=\"Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Moneta ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-20T10:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-20T10:22:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/01\/sm_1705733337.179455.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AI to hit 40% of jobs and worsen inequality, IMF says\",\"datePublished\":\"2024-01-20T10:00:27+00:00\",\"dateModified\":\"2024-01-20T10:22:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says\"},\"wordCount\":457,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/01\/sm_1705733337.179455.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"CHINA\",\"Mauritius\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/ai-to-hit-40-of-jobs-and-worsen-inequality-imf-says\",\"name\":\"AI to hit 40% of jobs and worsen inequality, IMF says - 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