Public Ventures president and chief market strategist Lou Basenese argues AI will be the backbone of everything digitally motivated on ‘The Big Money Show.’
The emergence of artificial intelligence (AI) is hitting the global labor force “like a tsunami” according to International Monetary Fund Managing Director Kristalina Georgieva.
AI is likely to impact 60% of jobs in advanced economies and 40% of jobs around the world, Georgieva said in remarks Monday at an event in Zurich that was organized by the Swiss Institute of International Studies.
“We have very little time to get people ready for it, businesses ready for it,” Georgieva said. “It could bring tremendous increase in productivity if we manage it well, but it can also lead to more misinformation and, of course, more inequality in our society.”
She explained that the world economy has become more prone to shocks in…
