News Summary

• She warned that the use of AI could increase chances of social unrest, particularly if younger, less experienced workers seized on the technology as a way to help boost their output while more senior workers struggle to keep up..
• 300 million jobs could be affected by latest wave of AI, says Goldman Sachs In more developed economies, for example, as much as 60% of jobs could be impacted by AI..
• “For the other half, AI applications may execute key tasks currently performed by humans, which could lower labor demand, leading to lower wages and reduced hiring,” wrote Georgieva, citing the IMF’s analysis..
• Almost 40% of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend that is likely to deepen inequality, according to the International Monetary Fund..
• “In the most extreme cases, some of these jobs may disappear.” In emerging markets and lower income nations, 40% and 26% of jobs are expected to be affected by AI, respectively..
• While workplaces may shift, widespread adoption of AI could ultimately increase labor productivity and boost global GDP by 7% annually over a 10-year period, according to a March 2023 estimate by Goldman Sachs economists..