IMF chief warns AI could impact 40% of global jobs

International Monetary Fund Managing Director Kristalina Georgieva has warned that one of the biggest current concerns is the impact of artificial intelligence on those entering the job market, noting that the technology could reduce or eliminate around 40% of jobs globally.

She explained that AI has already triggered two major shocks—one in demand and another in investment—which are beginning to affect various economic sectors.

Georgieva added that the world is now experiencing the first wave of AI’s effects, highlighting the need to prepare for the challenges arising from the rapid development of this technology.