impact Archives

IMF: AI could boost growth but worsen inequality

The International Monetary Fund (IMF) predicts that AI could boost global productivity and growth, but may displace jobs and worsen inequality.

In a new analysis, IMF economists examined AI's potential impact on the global labour market. While many studies foresee jobs being automated by AI, the technology will often complement human work instead. The IMF analysis weighs up both scenarios.

The findings are striking: almost 40 percent of jobs globally are...

15 January 2024 | Artificial Intelligence

IFOW: AI can have a positive impact on jobs

In a world where sensational headlines about AI and autonomous robots dominate the media landscape, a new report sheds light on a different narrative.

The research, funded by the Nuffield Foundation, explores the nuanced impacts of AI adoption on jobs and work quality. Contrary to the doomsday predictions, the report suggests that AI could have a positive influence on employment and job quality.

The study, conducted by the Institute for the Future of Work (IFOW),...

20 September 2023 | Artificial Intelligence

AI ‘godfather’ warns of dangers and quits Google

Geoffrey Hinton, known as the "Godfather of AI," has expressed concerns about the potential dangers of AI and left his position at Google to discuss them openly.

Hinton, alongside two others, won the Turing Award in 2018 for laying the foundations of AI. He had been working at Google since 2013 but resigned to speak out about the fast pace of AI development and the risks it poses.

In an interview with The New York Times, Hinton warned that the rapid development of...

2 May 2023 | Artificial Intelligence

Jack Dorsey tells Andrew Yang that AI is ‘coming for programming jobs’

Twitter CEO Jack Dorsey recently told former 2020 US presidential candidate Andrew Yang that AI "is coming for programming jobs".

There is still fierce debate about the impact that artificial intelligence will have on jobs. Some believe that AI will replace many jobs and lead to the requirement of a Universal Basic Income (UBI), while others claim it will primarily offer assistance to help workers be more productive.

Dorsey is a respected technologist with a deep...

26 May 2020 | Ethics & Society

AI Expo Global: Fairness and safety in artificial intelligence

AI News sat down with Faculty's head of research Ilya Feige to discuss safe and fair practices in artificial intelligence development.

Feige had just finished giving a talk entitled ‘Fairness in AI: Latest developments in AI safety’ at this year's AI Expo Global. We managed to grab him to get more of his thoughts on the issue.

Rightfully, people are becoming increasingly concerned about unfair and unsafe AIs. Human biases are seeping into algorithms which poses a...