The IMF said it had “profound concerns” about massive labour disruptions and rising inequality as societies move towards generative AI, and it urged governments to do more to protect their economies.
In a report published on Monday, the fund said countries should take action such as improving unemployment insurance, warning that, unlike past disruptive technologies, AI could lead to job losses in higher-skilled occupations.
While the IMF said that generative AI held immense potential to boost productivity growth and advance the delivery of public services, it cautioned that it also “raises profound concerns about massive labour disruptions and rising inequality”.
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