WASHINGTON (April 3): Artificial intelligence (AI) will impact 40% of jobs worldwide in the coming years, International Monetary Fund (IMF) managing director Kristalina Georgieva said.

“Over the next years, on average, 40% of jobs globally would be impacted by AI,” Georgieva said at the Centre for Global Development in Washington, DC on Tuesday, reported Sputnik.

In advanced economies, the share of jobs impacted by AI will be as much as 60%, while in low-income countries, it is only 26%, Georgieva added. She explained that the difference is simply due to low-income countries having less jobs. “Risk of growing inequality within countries and across countries is very real,” she said.

The IMF chief stressed that the impact of AI on the labour market will be massive. It will allow some jobs to improve, but many of them will disappear, she added.