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AI may displace 3m jobs but long-term losses ‘relatively modest’, says Tony Blair’s thinktank
Rise in unemployment in low hundreds of thousands as technology creates roles, Tony Blair Institute suggests
Artificial intelligence could displace between 1m and 3m private sector jobs in the UK, though the ultimate rise in unemployment will be in the low hundreds of thousands as growth in the technology also creates new roles, according to Tony Blair’s thinktank. AI, a technology that can be loosely defined as computer systems performing tasks that typically require human intelligence, has shot up the political agenda after the emergence of the ChatGPT chatbot and other breakthroughs in the field. However, jobs involving routine cognitive tasks such as secretarial work are more likely to be affected as well as industries that generate large amounts of data, such as banking and finance, which can train AI models more easily.
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