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AI risks ‘substantial disruptions’ in jobs markets, warns IMF official

Gita Gopinath calls on governments to craft new rules preparing for nascent technology

A top official at the IMF has warned of the risk of “substantial disruptions in labour markets” stemming from generative artificial intelligence, as she called on policymakers to quickly craft rules to govern the new technology.

In an interview with the Financial Times, the fund’s second-in-command Gita Gopinath said AI breakthroughs, especially those based on large-language models such as ChatGPT, could boost productivity and economic output but warned the risks were “very large”.

“There is tremendous uncertainty, but that . . . doesn’t mean that we have the luxury of time to wait and think of the policies that we will put in place in the future,” said Gopinath, first deputy managing director of the IMF.

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