AI Will Hit 40% of Jobs, IMF Warns. Young People Are First in Line

Artificial intelligence spending is keeping the world economy growing at roughly 3% a year even as an energy shock drags on most countries, IMF Managing Director Kristalina Georgieva said Monday in Bangkok. Georgieva spoke on the opening day of the IMF and World Bank annual meetings, which run through October 18 in the Thai capital. The biggest winners, she said, are the Asian economies that build the hardware behind AI, where adoption could add 0.5 to 1 percentage point a year to growth in advanced economies and 0.2 to 0.8 points in emerging ones. A percentage point is the raw…