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AI is a ‘tsunami’ hitting the labor force, IMF chief says

appearance of Artificial intelligence (AI) According to International Monetary Fund Managing Director Kristalina Georgieva, this is hitting the global workforce “like a tsunami.”

AI is likely to affects 60% of jobs It contributes to developed economies and 40% of jobs around the world, Georgieva said Monday at an event in Zurich hosted by the Swiss Institute of International Affairs.

“We have very little time to prepare people and prepare businesses,” Georgieva said. “If managed well, it has the potential to significantly increase productivity, but it also has the potential to increase misinformation and, of course, further social inequality.”

She explained that the global economy has become more susceptible to shocks in recent years, such as the coronavirus pandemic and Russia’s war against Ukraine. Although Georgieva expects further shocks to come, she suggested the global economy remains resilient to recession.

Google unveils latest AI model in competition with OPENAI, Microsoft also intensifies

International Monetary Fund IMF Managing Director Kristalina Georgieva said AI will hit the global workforce like a “tsunami”. (Wang Kaishu/Xinhua News Agency via Getty Images/Getty Images)

Georgieva’s comments on the impact of AI on the global workforce come as major technology companies announce new updates to their AI models and roll out new AI-powered capabilities to gain an edge over their competitors. Ta.

Google announced The search engine’s AI-oriented overhaul is adding a new “AI Overview” feature for the US starting this week, and will be available in other countries in the near future.

CHATGPT Manufacturer OPENAI unveils new “flagship” model

Google logo

Google has released a new “AI Overview” feature built into its search functionality. (Reuters/Steve Marcus/File Photo/File Photo/Reuters Photo)

Sundar Pichai, CEO of Google and parent company Alphabet, said new features across the company’s products come from its Gemini family of AI models. He also mentioned an upcoming feature in Google Photos called “Ask Photos,” which will allow users to use AI to add images and memories in their photo library on request, such as when their child learned to swim. It will allow quick access.

ChatGPT Manufacturer OpenAI on Monday announced the release of a new GPT-4o flagship model that allows for realistic voice conversations with users and the ability to interact with either text or images.

What is artificial intelligence (AI)?

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Google Alphabet Co., Ltd. 172.51 +2.17 +1.27%
MSFT Microsoft Corporation 423.08 +7.27 +1.75%

At the OpenAI launch event, the Microsoft-backed startup demonstrated how GPT-4o can read bedtime stories in a variety of voices, emotions, and tones.

In another example, the ChatGPT voice assistant used visual capabilities to solve mathematical equations written on paper.

ChatGPT diagram

ChatGPT’s new flagship GPT-4o model features new voice and vision capabilities. (CFOTO/Future Publishing via Getty Images / Getty Images)

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FOX Business’ Breck Dumas and Reuters contributed to this report.

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