27% of workforce in European nations could lose jobs to AI

27% of workforce in European nations could lose jobs to AI

As per the initial findings from a new OECD survey, AI’s impact in the manufacturing and finance sectors of seven countries highlight both the opportunities and risks that AI brings

Source: Reuters There has been mounting fear that the advent of artificial intelligence will eat up more jobs, leaving many unemployed. Now, the Organization for Economic Co-operation and Development (OECD) fears that 27 per cent of their workers could lose jobs to AI.

OECD, a 38-member block, said, “Increasingly rapid developments in AI are likely to significantly affect jobs.”The block said a quarter of jobs in the OECD rely […]

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