This is stated in the blog of IMF Managing Director Kristalina Georgieva, as reported by Ukrinform.

“In a new analysis, IMF staff examine the potential impact of artificial intelligence on the global labor market. Many studies predict that jobs will be replaced by artificial intelligence. But we know that in many cases, artificial intelligence can complement human work. The IMF’s analysis takes both of these aspects into account. The results of the analysis are impressive : Almost 40% of the world’s jobs are affected by AI. In the past, automation and information technologies tended to impact routine tasks, but one of the things that sets AI apart is its ability to impact high-skilled jobs. As a result, advanced economies face greater risks related to AI, but “They also have more opportunities to benefit from artificial intelligence compared to developing countries,” he said.

Georgieva added that about 60 percent of jobs in countries with developed economies could be affected by artificial intelligence.

“Almost half of existing jobs could benefit from the integration of AI to increase their productivity. In the other half, AI applications can perform essential tasks currently performed by humans, which could reduce labor demand, leading to lower wages and reduced hiring. In extreme cases, some of these jobs may disappear,” the IMF chief said.

According to him, developing countries and low-income countries are expected to be 40 percent and 26 percent vulnerable to AI, respectively.

“Many of these countries do not have the infrastructure or skilled workforce to benefit from AI, increasing the risk that the technology will worsen inequality between countries over time,” Georgieva said.

In most scenarios, AI will worsen overall inequality, which could lead to further exacerbation of social tensions over technology.

It is imperative that countries establish comprehensive social protection systems and provide retraining programs for vulnerable workers.

“By doing this, we can make the AI ​​transition more inclusive, protect livelihoods and reduce inequality,” the IMF chief said.

IMF staff assessed the readiness of 125 countries for the AI ​​transition.

The results show that developed economies and some emerging market economies are generally better prepared to adopt AI than lower-income countries, although there are significant differences between countries.

Additionally, countries with developed economies need to prioritize innovation and AI integration while developing a reliable regulatory framework. This approach will help maintain public trust by creating a safe and responsible AI environment. Building a strong foundation by investing in digital infrastructure and a digitally competent workforce should be a priority for emerging market countries.

According to Ukrinform, members of the European Parliament, representatives of EU member states and experts from the European Commission reached a political agreement on the artificial intelligence law.