The International Monetary Fund (IMF) has warned that the integration of artificial intelligence (AI) could lead to increased inequality in both developed and developing countries. About 60% of jobs in advanced economies could be impacted by AI, with half of them potentially benefiting from the technology while the other half may see decreased labor demand and lower wages. In emerging markets and low-income countries, where AI exposure is expected to be lower, there is a risk that technology could widen the gap between countries and within income brackets.
The International Monetary Fund predicts that the expansion of artificial intelligence (AI) could affect around 40% of jobs worldwide, with the greatest impact on emerging markets and lower-income nations. IMF chief Kristalina Georgieva urges governments to implement social safety nets and offer retraining programs to mitigate the inequality that may arise from the widespread use of AI technology. This topic is set to be a major focus at the World Economic Forum in Davos, Switzerland, where AI is highly prominent through advertisements and branding.