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.

Javed is a senior editor at TIME, based in the London bureau. Javed is a senior editor at TIME, based in the London bureau. Leaders from Dow Chemical Company, EY, and NTT Data Inc. shared their perspectives on the impact of scaling up new technologies like AI during a TIME100 Talks panel discussion in Davos on Jan. 20. The panel took place on the sidelines of the World Economic Forum's annual meeting, which kicked off on Jan. 19 in Davos, drawing around 3,000 high-level participants from business, government, and beyond, in addition to many more observers, journalists, activists, and others. During the panel, titled "Innovation in a Multipolar Era," the participants discussed the benefits of integrating AI, and its potential in areas such as health care and education, as well as some of the challenges of integrating the technology at scale within businesses.