The International Monetary Fund warns AI could impact nearly 40% of global jobs, with high-income economies facing greater risks.
In most cases, AI is predicted to worsen overall inequality in the global labor market, according to the IMF assessment.
IMF chief Kristalina Georgieva urges policymakers to address the troubling trend and take proactive steps to prevent social tensions.
The rise of artificial intelligence poses both opportunities and challenges, potentially replacing jobs and deepening income disparities.
High-income nations face an estimated 60% job impact from AI, with about half of those jobs benefiting from increased productivity.
In emerging markets, AI exposure is projected at 40%, while low-income countries face a lower estimate of 26%.
Lack of infrastructure and skilled workers in emerging markets may hinder the immediate benefits of AI, risking increased inequality.
The IMF emphasizes that AI could lead to polarization within income brackets, affecting those who can access its benefits versus those who cannot.
Goldman Sachs has previously warned that generative AI might impact up to 300 million jobs worldwide, acknowledging potential productivity and GDP boosts.
The IMF report coincides with the World Economic Forum in Davos, where AI's benefits and drawbacks are expected to be a key topic of discussion.
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