IMF fears labor market shock due to AI

IMF fears labor market shock due to AI

Gopinath found it “encouraging” that the G7 has formed a working group to study AI International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath Tuesday called for global rules to avoid the high social costs of massive job losses from the use of artificial intelligence, it was reported. “When it comes to AI, we need more than new rules,” she stressed.

According to the IMF, not only will Artificial Intelligence (AI) will revolutionize labor markets, but it will do so in an unsuspected and very negative way because even highly skilled positions are at risk.

Gopinath warned that there is no […]

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