China pins hopes on society-wide AI push to add jobs, rejuvenate economy

The remarks follow Saturday’s comments by Human Resources Minister Wang Xiaoping that China was working to “actively leverage” AI in creating jobs and expanding employment opportunities for 12.7 million university graduates this year. The International Monetary Fund (IMF) predicts that AI will affect nearly 40% of global jobs, rising to 60% in advanced economies, while Stanford University researchers found it is beginning to exert a “significant and disproportionate” impact on U.S. labour market entrants. But some analysts were sceptical of Beijing’s optimism and said the government ?would ?probably need to do more. “Automation has two major impacts: wages are being…