Artificial intelligence will create more jobs than it destroys? That's what PwC says

Artificial intelligence (AI) and related technologies will generate as many jobs in the U.K. as they displace over the next 20 years, according to analysis published Tuesday by audit firm PwC. The research states that while AI could displace roughly 7 million jobs in the country, it could also create 7.2 million jobs, resulting in a modest net boost of around 200,000 jobs. The impact of AI on individual sectors is set to vary, however. In the health and social work sector, PwC said that the number of people employed could rise by almost 1 million, while jobs in manufacturing could fall by roughly 25 percent, a net loss of almost 700,000 roles. "Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains," John Hawksworth, PwC's chief economist, said in a press release.