ZURICH (Reuters) – Artificial intelligence is hitting the global labour market “like a tsunami” International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Artificial intelligence is likely to impact 60% of jobs in advanced economies and 40% of jobs around the world in the next two years, Georgieva told an event in Zurich. “We …
The AI revolution may exert pressure on governments to enact new social safety nets to protect people who lose their jobs but are unable to upskill themselves, warns the head of the International Monetary Fund (IMF). “If we don’t have thoughtful distribution of benefits [of AI] and inequality grows dramatically, that can break the social …
The International Monetary Fund (IMF) is currently developing a platform for central bank digital currencies (CBDCs) that will facilitate cross-border transactions, announced IMF Managing Director Kristalina Georgieva. Speaking at a conference attended by African central banks in Morocco, Georgieva emphasized the need for interconnected systems to promote more efficient and equitable transactions. She also highlighted …