The head of the International Monetary Fund (IMF), Kristalina Georgieva, has issued a stark warning about the potential impact of artificial intelligence (AI) on the job market. In an interview with CBS News, Georgieva likened the AI revolution to a “tsunami” that will hit the job market by 2024. She emphasized that AI will disrupt the workforce in a way that has not been seen since the Industrial Revolution. Georgieva cautioned that the rapid advancement of AI could lead to significant job losses, particularly in sectors such as manufacturing, transportation, and customer service. She urged policymakers and businesses to prepare for this seismic shift by investing in education and retraining programs to help workers adapt to the changing job landscape. The IMF chief also stressed the importance of addressing the ethical and regulatory challenges posed by AI to ensure that the technology is developed and deployed responsibly.
Source: https://www.businessinsider.com/imf-chief-ai-revolution-striking-job-market-like-a-tsunami-2024-5