Last Update: June 06, 2023, 00:58 AM IST
London, United Kingdom (UK)
IMF’s Gita Gopinath poses for a picture after an interview with Reuters in Davos, May 23, 2022. (Reuters)
He also advocated for governments to strengthen “social safety nets” for workers affected by the adoption of AI.
The Financial Times reported on Monday that IMF First Deputy Managing Director Gita Gopinath warned of “substantial disruption to labor markets” stemming from generative artificial intelligence and called on policymakers to quickly draw up rules to govern the technology. Have done
“We need governments, we need institutions and we need to move quickly on all fronts, both in terms of regulation, but also in terms of preparing for potentially substantial disruptions to labor markets,” Gopinath told the FT in an interview. policy makers are needed.”
He also advocated for governments to boost “social safety nets” for workers affected by AI adoption while working on tax policies that don’t reward companies that replace employees with machines.
Gopinath cautioned policymakers to be careful if some corporations emerge with an unenviable position in the new technology.
“You don’t want to supersede companies with huge amounts of data and computing power that have an unfair advantage,” Gopinath told the newspaper.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – reuters,
