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CEO of ‘Big 4’ Accounting Firm KPMG Predicts Long-Term Job Disruptions Due to AI

In a recent interview, KPMG CEO Paul Knopp predicted significant long-term disruption to employment as a result of AI's growing influence in the workplace. The CEO revealed survey data showing that 65% of executives believe AI will have a significant impact on their organizations over the next five years.

Monaka interview Paul Knopp, CEO of KPMG, one of America's “big four” accounting firms, with FOX Business host Maria Bartiromo at the World Economic Forum in Davos, Switzerland. expressed concern about the long-term impact of AI on employment. He noted that although there have been no major job losses to date, 76 percent of Millennial and Gen Z workers report that their jobs have already been significantly impacted by generative AI, and the workforce He emphasized that it highlights the trend of mainstream AI integration in Japan.

DAVOS, SWITZERLAND – JANUARY 19: World Economic Forum (WEF) President Borge Brende (left) speaks at the closing ceremony of the World Economic Forum in Davos, Switzerland, on January 19, 2024. . The 2024 World Economic Forum Annual Meeting will be held in Davos from January 15 to 19 (Photo by Ma Xiuxiu/China News Service/VCG via Getty Images).

KPMG research reveals that 58% of consumers believe generative AI that can create different versions of text, images, audio, and other media will have a significant impact on their professional lives. became. Generative AI, recognized by IBM as a “deep learning model,” is known for its ability to learn a wide range of coding languages. The survey also found that 65% of business executives expect generative AI to have a significant impact on their organizations within the next three to five years.

Despite the disruption, Knopp remains optimistic about the economy's ability to absorb technology shocks. Loss of job. And I think we've seen that over time with any new technology. And perhaps some of the nature of people's behavior will change. ”

The study Knopf referenced asked workers how they felt AI would impact their jobs. Knopf said: “In the same study, these people [who] In this study, people weren't too worried about work interruptions, but thought it would actually improve their mental health. This means more mundane tasks can be automated, allowing you to do more valuable things at work. ”

IMF Managing Director Kristalina Georgieva also joined the conversation, raising concerns about the potential for job losses due to the rise of AI. Additionally, an IMF report estimates that 60% of global jobs could soon be affected by AI.

Georgieva said: “This report is a wake-up call, because it says that in the next few years, it won't happen tomorrow, but… tsunamis will affect us. There is still an opportunity to obtain higher growth opportunities without accepting the offer.”

read more Click here for Fox Business.

Lucas Nolan is a reporter for Breitbart News covering free speech and online censorship issues.

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