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While there’s potential for AI to fully replace some jobs, the more likely scenario is that it’ll complement human work, according to the analysis. Advanced economies may have about 60 per cent of jobs affected, more than emerging and low-income countries.
However, the IMF report published Sunday evening notes that only half of the jobs impacted by AI will be negatively affected; the rest may actually benefit from enhanced productivity gains due to AI.
“Your job may disappear altogether – not good – or artificial intelligence may enhance your job, so you actually will be more productive and your income level may go up,” Georgieva said.
Georgieva’s take on artificial intelligence coincides with the meeting of global business and political leaders at the World Economic Forum in Davos, Switzerland, where AI is a topic of discussion.
Sheikh Mohammed announces new $56bn Dubai Social Agenda 33 plan to double Emirati families in 10 years
On Thursday, Arabian Business covered some of the most happening stories in the region, which included Sheikh Mohammed announces new $56bn Dubai Social Agenda 33 plan, the requirements to become a real estate agent in Dubai and more.
Here are five trending stories you missed yesterday.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has unveiled a new strategy aimed at doubling Dubai’s Emirati families within the next ten years.
Dubai Marathon 2024: RTA announces major road closure on Sunday
The RTA advises Dubai residents and motorists to plan their trips accordingly and leave early to ensure they reach their destinations on time
Dubai Police issues major email scam warning
The scams, which have affected numerous unsuspecting victims, involve fraudsters contacting individuals via email and pretending to be the law enforcement officials
Dubai real estate: When is the best time to buy property in 2024?
The real estate market in Dubai has experienced significant expansion and demand, reaching unprecedented levels last year. This positive trajectory is expected to persist, with industry experts emphasizing that there is no specific month or season considered ideal for property acquisition.
Luke Remington, Managing Director of haus&haus, highlighted this trend in an exclusive interview with Arabian Business, stating, “With demand surpassing supply, there’s no perfect time to buy. We advise our clients to be prepared to seize opportunities as they arise.”