IMF chief says AI holds risks, 'tremendous opportunity' for global economy

Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. With AI expected to have less effect in developing countries, around "40 percent of jobs globally are likely to be impacted," she said, citing a new IMF report. "So artificial intelligence, yes, a little scary. The global economy could use an AI-related productivity boost, as the IMF predicts it will continue growing at historically muted levels over the medium term. The concern at the IMF, Georgieva said, is that governments around the world spend big this year and undermine the hard-won progress they have made in the fight against high inflation.