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IMF chief says AI holds risks, ‘tremendous opportunity’ for global economy

International Monetary Fund chief Kristalina Georgieva tells AFP in an interview that artificial intelligence poses job security risks but potentially major opportunities to boost productivity around the world (OLIVIER DOULIERY)

Artificial intelligence poses risks to job security around the world but also offers a “tremendous opportunity” to boost flagging productivity levels and fuel global growth, the IMF chief told AFP.

AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund’s managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland.

With AI expected to have less effect in developing countries, around “40 percent of jobs globally are likely to be impacted,” she said, citing a new IMF report.

“And the more you have higher skilled jobs, the higher the…

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