January 30, 2024Anmol Nagpal

Global economies see AI as big challenge

The Finance Ministry of India has underscored the significant challenge posed by the rise of Artificial Intelligence (AI) to governments worldwide.

Source: ANI

The biggest challenge is faced particularly in the realm of employment within service sectors.

Source: Pexels

The Ministry highlighted the pressing questions surrounding AI's implications for workforce dynamics.

Source: Freepik

Citing an International Monetary Fund (IMF) paper, the Ministry pointed out that approximately 40 per cent of global employment is susceptible to AI.

Source: Pexels

The paper further emphasised the necessity for developing economies to prioritise investments in infrastructure and digitally skilled labour forces to optimise AI's potential benefits.

Source: unsplash

On the domestic front, the Finance Ministry underscores the critical importance of fostering a talented and skilled workforce.

Source: Shutterstock

It also ensures age-appropriate learning outcomes in educational institutions, and prioritising public health initiatives to cultivate a robust and productive populace.

Source: Pixabay