Artificial intelligence has become one of the most talked about topics in the business world in recent years. The fact that artificial intelligence has the potential to automate many jobs brings with it concerns that it will have a major impact on the labor market.
"IT WILL AFFECT 40 PERCENT OF JOBS WORLDWIDE"
Speaking at an event in Zurich, IMF Managing Director Georgieva painted an alarming picture, saying that artificial intelligence will affect 60 percent of jobs in advanced economies and 40 percent of jobs worldwide in the next two years.
"IT COULD LEAD TO MORE INEQUALITY"
Speaking at an event organized by the Swiss Institute for International Studies at the University of Zurich, Georgieva said: "We have very little time to get people and businesses ready for this. If we manage it well, it can lead to a tremendous increase in productivity, but it can also lead to more misinformation and of course more inequality in our society."
