US, China and India are world’s top AI producers, but 40% of jobs could be affected, warns IMF

IMF chief Kristalina Georgieva says investments in artificial intelligence are supporting global economic growth, but the technology could change, downgrade or eliminate millions of jobs worldwide.

Artificial intelligence (AI) is bringing big investments and new opportunities to the global economy, but it is also raising serious questions about the future of jobs. International Monetary Fund (IMF) Managing Director Kristalina Georgieva has identified the United States, China and India as the three most important AI producers, saying investments in the technology are helping keep global economic growth at around 3 per cent.

Speaking during the IMF and World Bank Annual Meetings in Bangkok on Monday, October 12, Georgieva warned that the same technology........

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