AI increase to trigger jobs ‘tsunami’, warns IMF
The head of the International Monetary Fund (IMF) has sounded the alarm over a jobs ‘tsunami’ caused by the rise of artificial intelligence.
Kristalina Georgieva told the World Economic Forum in Davos: ‘Wake up – AI is for real and it is transforming our world faster than we are getting ahead of it.’
Her comments contrasted with those of techno optimists such as Nvidia boss Jensen Huang and Tesla’s Elon Musk at the Swiss ski resort this week.
Concern: IMF boss Kristalina Georgieva has sounded the alarm over a jobs ‘tsunami’ caused by the rise of artificial intelligence
The IMF expects 60 per cent of jobs in advanced economies to be ‘either enhanced, eliminated or transformed’ by AI. The figure is 40 per cent globally. Georgieva added: ‘This is like a tsunami hitting the labour market.’
Earlier this week, Huang said it would mean plumbers, electricians and construction workers would command ‘six-figure salaries’ amid demand to build AI data centres.
And Musk said: ‘We’re headed for a future of amazing abundance.’
DIY INVESTING PLATFORMS
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
