International Monetary Fund

The IMF (International Monetary Fund) has released the latest edition of its World Economic Outlook report, which points out that in the medium term, AI (Artificial Intelligence) can increase the productivity and income of workers, although it also depends on how countries utilize the potential of AI. The IMF said that developed economies are likely to benefit from AI sooner than emerging markets and developing economies, mainly because their employment structure is more focused on cognitively intensive jobs. Image source Pexels In the middle of this month, the IMF had released a report stating that humanity is on the verge of a technological revolution -- which...

On January 15, International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned in a blog post that AI will have a significant impact on 40% jobs globally. She said that developed economies are more vulnerable to the impact of AI than emerging markets and developing economies, but also have the opportunity to capitalize on the benefits of the technology. Georgieva's analysis indicates that about 60% jobs in developed economies could be affected by AI. The positive and negative impacts are split 50/50:Half of the...