The IMF Warns About AI's Impact on Inequality
IMF warns AI could deepen global inequality, urging policymakers to implement safety nets and retraining programs to protect vulnerable workers.
The International Monetary Fund (IMF) has warned that artificial intelligence (AI) could worsen inequality among nations if not properly addressed by policymakers. The IMF states that AI is likely to affect around 60% of jobs in advanced economies, with some workers benefiting from the integration of AI while others risk losing their jobs. The IMF urges countries to establish social safety nets and provide retraining programs to protect vulnerable workers and curb inequality. The IMF’s analysis coincides with discussions on AI at the World Economic Forum in Davos. China has already introduced national regulations on AI development and deployment.
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