IMF: AI’s on a Mission to Transform 60% Advanced Economy Jobs

TL;DR: The International Monetary Fund (IMF) has said that around 60% of jobs in advanced economies could be impacted by artificial intelligence (AI). While half of these jobs may benefit from AI integration, the other half may see key tasks currently performed by humans being executed by AI applications, potentially resulting in lower labor demand, reduced wages, and decreased hiring. In emerging markets and low-income countries, AI exposure rates are expected to be 40% and 26%, respectively. The IMF has developed an AI Preparedness Index to help countries craft policies to address these challenges and has suggested that advanced economies prioritize AI innovation and integration while developing robust regulatory frameworks.