While AI will displace some jobs, it will also create new industries and job opportunities. The development, implementation, and maintenance of AI systems require a workforce with specialized skills.
Emerging Industries
- AI Development: Software engineering, machine learning, and data science are rapidly growing fields.
- Cybersecurity: As AI becomes more prevalent, the need for robust cybersecurity measures increases, creating jobs in this critical area.
New Roles
- AI Ethics: Professionals who ensure AI systems are designed and used ethically, addressing issues of bias and fairness.
- AI Maintenance: Technicians and engineers who maintain and improve AI systems.
“AI will increasingly replace repetitive jobs, not just for blue-collar work but a lot of white-collar work.”
Kai-Fu Lee
Economic Diversification
- Startups: AI is fostering a new wave of startups focusing on innovative applications of the technology.
- Investment: Increased venture capital investment in AI-driven businesses spurs economic activity and job creation.
Studies
- The World Economic Forum predicts AI could create 133 million new roles globally by 2022, while displacing 75 million jobs.
- Gartner forecasts that AI will create more jobs than it eliminates by 2025.
This post is part of the “Quick read” series: How AI Will Affect the Economy?
Read in the same series:
- The Rise of the Machines: Automation and Job Displacement
- AI as a Productivity Booster: Growth and Efficiency
- The Rise of New Industries and Job Opportunities
- The Evolving Nature of Work: The Human-AI Collaboration
- The Distributional Impact of AI: Inequality and the Need for Upskilling
- The Ethical Considerations of AI: Bias, Transparency, and Job Security
- The Global Race for AI Supremacy: Competition and Collaboration
- The Future of Work in an AI-Powered Economy
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