The latest report from the International Monetary Fund (IMF) on the impact of artificial intelligence (AI) and generative AI (genAI) reads like a “best of times, worst of times” tale.
The world is on “the brink of a technological revolution that could jump start productivity, boost global growth and raise incomes around the world,” the Washington-based IMF said in a recent blog post. Yet AI and genAI could also “replace jobs and deepen inequality.”
The IMF found the results of a new analysis about AI and jobs to be “striking,” and said nearly 40% of global employment will be exposed to the effects of genAI. That number could be even higher — 60% — in advanced economies such as the US and Europe.
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