Artificial intelligence (AI) is on the rise, but its ascent may come at a cost. According to the International Monetary Fund (IMF), nearly 40% of global jobs are at risk due to AI, which could deepen income inequality. IMF’s Managing Director, Kristalina Georgieva, emphasizes the need for governments to establish safety nets and retraining initiatives to counteract the impact of AI on the workforce. She predicts that advanced economies, especially white-collar workers, will face the brunt of the consequences, with up to 60% of jobs being impacted.
In order to prevent social tensions and heightened inequality, Georgieva calls for proactive policymaking. This warning comes in advance of the World Economic Forum in Davos, where global leaders will gather to discuss pressing issues.
Meanwhile, NASA has unveiled a new AI-powered tool called Science Discovery Engine to streamline access to its vast amount of science data. With over 88,000 datasets and 715,000 documents across multiple sources, navigating this complex landscape demands more than domain expertise. The generative AI-driven tool aims to provide contextual results, addressing the challenge of researchers needing both scientific and data literacy.
The impact of AI extends beyond the job market and data access. According to a Davos survey by the World Economic Forum, geopolitical tensions and stringent finances are expected to impede global economic growth. Additionally, AI is anticipated to exacerbate income inequality. The survey highlights the need for policies promoting quality growth to counterbalance AI’s impact on different income groups.
In response to the rise of AI, companies are joining forces to drive innovation and business transformation. HCL Technologies and SAP have partnered to advance Generative AI, developing tailored use cases for SAP software and enhancing solutions through cloud-based innovations. The collaboration aims to optimize productivity, streamline operations, and accelerate application development. As part of this initiative, a dedicated Gen AI Center of Excellence will be established for industry-specific solutions.
Furthermore, Urtopia has unveiled an AI-enhanced e-bike that integrates ChatGPT, offering users a smart and personalized riding experience. The Urtopia Smartbar connects to smartphones and acts as a mobile coach, providing voice-activated interactions. Using AI to find optimal routes based on user preferences and health data, the bike offers an adaptive riding experience.
As AI continues to advance, it is crucial for society to address the potential implications it may have on jobs, inequality, and the economy. Proactive measures, such as retraining programs and policies promoting equitable growth, can help mitigate the negative effects and ensure a more inclusive future.
The source of the article is from the blog elektrischnederland.nl