The IMF also highlighted that AI could affect income and wealth inequality within countries, leading to "polarization within income brackets." The report suggested that workers who can access the benefits of AI could increase their productivity and salary, while those who cannot are at risk of falling further behind. The IMF's report was released ahead of the World Economic Forum in Davos, Switzerland, where the benefits and drawbacks of AI are expected to be a key topic of discussion.
Key takeaways:
- The International Monetary Fund warns that nearly 40% of global jobs could be affected by the rise of artificial intelligence, with high-income economies facing greater risks than emerging markets and low-income countries.
- The IMF assessed the potential impact of AI on the global labor market and found that the technology is likely to worsen overall inequality.
- About 60% of jobs in high-income nations could be impacted by AI, with half of these potentially benefiting from AI integration to boost productivity. In comparison, AI exposure was estimated at 40% in emerging markets and 26% in low-income countries.
- The IMF report was released ahead of the World Economic Forum in Davos, Switzerland, where the benefits and drawbacks of AI are expected to be a key topic of discussion.