AI technology could threaten global jobs, warns the IMF chief
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Recent advances in artificial intelligence AI technology have caused people to fear that their jobs are at risk. The head of the International Monetary Fund (IMF) has now justified this fear.

Speaking at an event at the Swiss Institute of International Studies this week, IMF chief Kristalina Georgieva called AI technology a tsunami for jobs. He said that AI technology will gradually affect jobs worldwide as businesses integrate it into their operations.

He warned that 2 or 3 out of every five jobs could be lost due to AI technology in developed countries such as the US and the UK. The IMF chief said that despite these concerns, nothing is set in stone, and the world can benefit from using AI technology safely. He said that if this technology is used properly, we can benefit a lot, but at the same time, it can also lead to increasing inequality in society.

Kristalina Georgieva warned that we have very little time to prepare people and urgent steps must be taken to protect workers and make this technology useful for humanity. This is not the first time the IMF chief has issued this warning. Earlier, in a January 2024 analysis by the global organization, he said that AI technology could affect 40 percent of jobs worldwide and that it is important that governments take measures for vulnerable workers.

Kristalina Georgieva said that AI poses a greater threat to people in developed countries and that jobs in some sectors may disappear entirely. He added that, in most scenarios, AI will likely increase inequality and social tensions in the global economy. He said that it is important that countries worldwide start different programs for vulnerable workers so that AI technology can be better integrated into society.

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