georgieva
AI needs to augment rather than replace humans or the workplace is doomed Heather Stewart
Policymakers are being urged to nudge companies to put checks in place on powerful AI tools. Policymakers are being urged to nudge companies to put checks in place on powerful AI tools. Tech could lose its social acceptance unless it makes people's lives better - and trade unions want an urgent conversation "Who wouldn't want a robot to watch over your kids?" Elon Musk asked Davos delegates last week, as he looked forward with enthusiasm to a world with "more robots than people". Not me, thanks: children need the human connection - the love - that gives life meaning. As he works towards launching SpaceX on to the stock market, in perhaps the biggest ever such share sale, the world's richest man has every incentive to talk big.
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Young will suffer most when AI 'tsunami' hits jobs, says head of IMF
Georgieva said that AI would wipe out many roles traditionally taken up by younger workers. Georgieva said that AI would wipe out many roles traditionally taken up by younger workers. Young will suffer most when AI'tsunami' hits jobs, says head of IMF Artificial intelligence will be a "tsunami hitting the labour market", with young people worst affected, the head of the International Monetary Fund warned the World Economic Forum on Friday. Kristalina Georgieva told delegates in Davos that the IMF's own research suggested there would be a big transformation of demand for skills, as the technology becomes increasingly widespread. "We expect over the next years, in advanced economies, 60% of jobs to be affected by AI, either enhanced or eliminated or transformed - 40% globally," she said.
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Artificial intelligence will affect up to 60% of jobs worldwide, IMF warns... so is YOURS at risk?
Artificial intelligence may soon affect more than half of all jobs in the UK, a new study from the IMF has warned. Across the world, 40 per cent of all occupations are likely to be affected by AI. But in advanced economies like the UK, the impact is expected to be even more pronounced, with 60 per cent of all workers feeling the impact. The IMF warns that, even where AI's effects are positive, computer automation is likely to drive wealth inequality. Highly paid professions will see AI boost their wages while lower paid roles are at a significant risk of pay cuts and lay-offs.
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AI will affect 40% of jobs and probably worsen inequality, says IMF head
Artificial intelligence will affect 40% of jobs around the world and it is "crucial" that countries build social safety nets to mitigate the impact on vulnerable workers, according to the head of the International Monetary Fund. AI, the term for computer systems that can perform tasks usually associated with human levels of intelligence, is poised to profoundly change the global economy with advanced economies at greater risk of disruption. Analysis by the IMF, the international lender of last resort, says about 60% of jobs in advanced economies such as the US and UK are exposed to AI and half of these jobs may be negatively affected. But the technology will also help to enhance some humans' productivity as AI improves their performance, it said. According to the IMF, the safest highly exposed jobs are those with a "high complementarity" to AI, meaning the technology will assist their work rather than displace it entirely.
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Tech Tent: Can AI revolutionise health?
If there's one area where there's real excitement about the improvements in our lives which advances in artificial intelligence could bring, it is healthcare. On Tech Tent this week we ask whether, amidst all the hope and hype, real innovations are beginning to transform the way patients are treated. At Oxford University's Said Business School, some of the leading thinkers in AI research - from the university and beyond - gathered this week. There were fascinating discussions about everything from autonomous cars to the way AI is transforming the finance industry. But the panels on healthcare drew big crowds and a sense that researchers were on the cusp of delivering concrete results which will soon begin to be seen in hospitals.