The International Monetary Fund in its recent AI report reveals that almost 40% of global employment is exposed to AI.
IMF believes that one of the things that sets AI apart is its ability to impact high-skilled jobs, making advanced economies face greater risks from AI but also bring opportunities.
In advanced economies, about 60% of jobs may be impacted by AI while in emerging markets and low-income countries, AI exposure is expected to be 40% and 26%, respectively.
The findings suggest that emerging market and developing economies face fewer immediate disruptions from AI but many of these countries don’t have the infrastructure or skilled workforces to harness the benefits of AI, raising the risk of worsening inequality among nations.
IMF says to help countries craft the right policies, it has developed an AI Preparedness Index that measures readiness in areas such as digital infrastructure, human-capital and labor-market policies, innovation and economic integration, and regulation and ethics.
IMF suggests that guided by insights from the AI Preparedness Index, advanced economies should prioritize AI innovation and integration while developing robust regulatory frameworks.
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