IMF boss Kristalina Georgieva says that Artificial intelligence is a big threat to the job market

Artificial Intelligence: The race for Artificial Intelligence (AI) has intensified all over the world since last one year. Every company is working on implementing this technology as soon as possible. For more than a year, jobs of lakhs of people have been snatched away in the name of cost cutting and restructuring in companies across the world. In such a situation, AI is being considered a big threat to jobs. Now International Monetary Fund (IMF) Chief Kristalina Georgieva has also expressed concern about AI. He has said that a tsunami of AI is coming. This has created a big threat to jobs all over the world. This is a worrying situation. The whole world needs to think about this.

40 percent jobs will be lost all over the world in two years

According to Kristalina Georgieva, MD of IMF (International Monetary Fund), the negative impact of AI will be visible on jobs in two years. There is a possibility of loss of 60 percent jobs in developed countries. Also, 40 percent of jobs in the world may be lost. We have to pay attention to the social imbalance and changes arising due to this. He said that the impact of AI on the global job market could be as devastating as a tsunami.

We have less time to save people from AI tsunami

Speaking at an event organized by the Swiss Institute of International Studies in Zurich, the IMF boss said that we have to prepare not only businesses but also people for these big changes. Businesses are ready for the changes coming from AI. But, we have very little time left to prepare people to withstand this AI tsunami. AI can increase productivity tremendously. But, it can also greatly increase the spread of misinformation and discrimination in the society.

World economy has faced many crises, its condition is critical

Kristalina Georgieva said that the world economy has faced terrible crises in recent years like the Corona epidemic and the Russia-Ukraine war. The economy is in a critical condition. At present we are not in a recession. But, changes in the environment and increasing debt on emerging economies may lead to further crises.

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