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IMF: AI will impact 60% of jobs and worsen inequality
Just as with past technology advancements, AI will also lead to income and economic disparity, job displacement and inequality, IMF says.
But just as with past technology advancements, AI will also lead to income and economic disparity, job displacement and inequality, according to a new lengthy report from the International Monetary Fund (IMF). “Jobs that require nuanced judgment, creative problem-solving or intricate data interpretation — traditionally the domain of highly educated professionals — may now be augmented or even replaced by advanced AI algorithms, potentially exacerbating inequality across and within occupations,” the IMF says. IMF researchers acknowledge that the exact implications of AI on economies and societies are difficult to predict, “embodying a level of uncertainty reminiscent of past introductions of general-purpose technologies, such as electricity.”
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