Although machines will replace more humans in jobs by 2025, there will still be a net increase of 58 million new jobs brought by the development of artificial intelligence over the next five years, according to a report released by the World Economic Forum currently held in Tianjin, The Paper reported. The report, "2018 Future Employment," says the development of automation and smart technology will replace 75 million jobs, but another 133 million new jobs will emerge. It also believes that there will be "significant changes" in the quality, location and form of new jobs. The number of full-time jobs will decrease as more companies choose to use freelancers or professional contractors. As the division of labour between machines and humans continues to grow, employees will also need to constantly learn new skills.

In the next four years, more than 75 million jobs may be lost as companies shift to more automation, according to new estimates by the World Economic Forum. But the projections have an upside: 133 million new jobs will emerge during that period, as businesses develop a new division of labor between people and machines. The Future of Jobs Report arrives as the rising tide of automation is expected to displace millions of American workers in the long term and as corporations, educational institutions and elected officials grapple with a global technological shift that may leave many people behind. The report, published Monday, envisions massive changes in the worldwide workforce as businesses expand the use of artificial intelligence and automation in their operations. Machines account for 29 percent of the total hours worked in major industries, compared with 71 percent performed by people.