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Almost 40% of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend which is likely to deepen inequality, according to the International Monetary Fund (IMF).
AI may worsen overall inequality, a concern that policymakers must address to prevent technology from escalating social tensions.
AI will impact about 40% of jobs across the world, according to the report. In advanced economies, that number will be even higher with an estimated 60% of jobs affected by AI.
The chief economist of the International Monetary Fund (IMF) is the economic counsellor and director of the fund's Research Department. He is responsible for providing independent advice to the fund on its policy issues, integrating ideas of research in design of policies, conveying these ideas to the policymakers inside and outside the fund and managing all research done at IMF. [1]
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According to a recent study of multilingualism in 13 major international organizations (Commonwealth, ICC, ILO, IMF, IOC, IPU, ITU, OECD, UN, UPU, WB, WHO, and WTO), English is an official language in almost all (12). This is followed by French (10); Spanish (6); and Arabic, Chinese, and Russian (3 each).
Job cuts could affect the IRS' work to process upcoming tax returns, according to The New York Times, which first reported the expected layoffs. Office of Personnel Management loses dozens of workers
Bretton Woods Update is a bimonthly digest of key World Bank and IMF initiatives, controversial policy trends, projects and debate. The Update is read by around 6000 key officials, journalists, NGOs and researchers and is respected as a reliable source of information on the Bretton Woods institutions.