Globally, AI could impact 40% of jobs, with up to one-third in advanced economies at risk of automation, a UN report has found.
The market for AI is projected to soar from $189bn in 2023 to $4.8tn by 2033 – a 25-fold increase in just a decade – the UN Department of Trade and Development (UNCTAD) has found.
But the impact on workers could be profound if the potential productivity gains are realised, which raises concerns about automation and job displacement. Just this week, Shopify CEO Tobi Lutke told employees that they will have to show jobs cannot be carried out by AI before asking for more headcount and resources.
In 2022, just 100 companies – mainly in the US and China – accounted for 40% of global AI research and development. Combined, the two countries hold 60% of all AI patents and produce a third of global AI publications.
But while workers in advanced economies face a shifting landscape, those same economies are better-placed to benefit from the technology – an estimated 27% of...