In a Sunday blog post, IMF chief Kristalina Georgieva called for governments to establish social safety nets and offer retraining programs to counter the impact of AI. The ski resort town of Davos was already bedecked with AI advertisements and branding as the summit got underway Monday. “For the other half, AI applications may execute key tasks currently performed by humans, which could lower labor demand, leading to lower wages and reduced hiring,” wrote Georgieva, citing the IMF’s analysis. AI became a hot topic at the WEF in Davos last year as ChatGPT took the world by storm. Georgieva, in her blog post, also cited opportunities to boost output and incomes around the world with the use of AI.

Source: CNN January 15, 2024 09:07 UTC