Learn more

Artificial intelligence is set to hit up to 60 per cent of jobs in developed countries. The grim prediction about the rapidly expanding technology was issued in new analysis by the International Monetary Fund. IMF’s managing director Kristalina Georgieva says in “most scenarios” AI “will likely worsen overall inequality”. Ms Georgieva added policymakers should address the “troubling trend” of AI to “prevent the technology from further stoking social tensions”. The IMF also said AI is likely to affect 40 per cent of overall jobs and around 60 per cent in advanced economies. Its findings echo a …

cuu