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15th January 2024 10:38:39 AM
1 min readBy: Andy Ogbarmey-Tettey
The International Monetary Fund (IMF) has reported that almost 40.0% of global employment is exposed to Artificial Intelligence (AI), according to its recent analysis.
Unlike previous technological shifts, AI has the potential to impact high-skilled jobs as well. The IMF notes that advanced economies face both greater risks and opportunities from AI compared to emerging market and developing economies.
In advanced economies, around 60% of jobs may be impacted by AI, with roughly half benefiting from its integration to enhance productivity.
The other half, however, may see lower labor demand, leading to reduced wages and hiring.
In contrast, emerging markets and low-income countries have lower immediate disruptions from AI, but they may lack the infrastructure and skilled workforces to harness its benefits, potentially exacerbating global inequality over time.
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