AI to cut 40% of jobs globally – IMF

According to the International Monetary Fund’s recent estimate, artificial intelligence affects about 40.0% of global employment.

Automation and information technology, it noted, have historically impacted ordinary work, but one of the things that distinguishes AI is its capacity to effect high-skilled occupations.

As a result, industrialized economies face more threats from AI while simultaneously having more possibilities to capitalize on its advantages than emerging market and developing nations.

AI may affect around 60% of occupations in advanced economies. AI integration might help almost half of the exposed occupations, increasing productivity.