IMF warns AI could reshape 40% of global jobs

Summary

• However, rising investment in AI infrastructure is also helping sustain global economic growth at around 3%, with several Asian economies expected to benefit substantially.
• IMF Managing Director Kristalina Georgieva said on Monday that growing investment in AI was generating fresh demand and accelerating economic activity despite the pressure caused by energy supply disruptions.
• World Bank President Ajay Banga said AI could also offer significant opportunities for developing economies.

AI Generated Summary

The International Monetary Fund (IMF) has warned that artificial intelligence (AI) could significantly reshape the global job market, affecting around 40% of jobs through automation, changes in responsibilities or the elimination of certain roles. However, rising investment in AI infrastructure is also helping sustain global economic growth at around 3%, with several Asian economies expected to benefit substantially.

IMF Managing Director Kristalina Georgieva said on Monday that growing investment in AI was generating fresh demand and accelerating economic activity despite the pressure caused by energy supply disruptions. Speaking at the IMF and World Bank annual meetings in Bangkok, Thailand, she said the technology was already transforming industries and changing how people work and live.