It is a slow-moving tsunami. Despite the hype surrounding the technology, its full impact has yet to be truly felt. It is certainly on its way, though, as attested by junior programmers looking glumly at roles eliminated by AI assistants like GitHub's Copilot.
Georgieva told the Zurich event that artificial intelligence was likely to impact almost half of jobs worldwide (40 percent) and more than half (60 percent) of jobs in advanced economies, such as the US and UK, echoing a blog post from earlier this year.
In a Reuters report, Georgieva was quoted as saying: 'It could bring [a] tremendous increase in productivity if we manage it well, but it can also lead to more misinformation and, of course, more inequality in our society.'
Economist David Autor recently wrote that worries about AI taking jobs were misplaced and that the emergence of generative AI as an assistive tool could increase the productivity of the workforce in economies with a slowing population growth rate.
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