Artificial Intelligence Striking Labor Forces like a "Tsunami" - IMF Chief

IMF Chief, Kristalina Georgieva remarks “Artificial intelligence hitting labor forces like a "Tsunami" “at an event in Zurich.

Georgieva emphasized that AI is expected to affect a noteworthy portion of jobs, with approximately 60% of jobs in advanced economies and 40% globally.

Admitting the transformative potential of AI, Georgieva noted that effective management of this technological shift could result in substantial productivity.

The IMF Managing Director underscored the urgency of preparing both individuals and businesses for the AI-driven changes ahead.

Overall, Georgieva's comments stressed the dual nature of AI's impact on the global economy and the importance of both its potential benefits and challenges.

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