International Monetary Fund warns that AI could cause "significant damage" to the job market

CTOnews.com Gita Gopinath, first vice president of the International Monetary Fund (IMF), warned that generative artificial intelligence will "seriously disrupt the labor market" and called on policymakers to quickly establish rules to govern the technology.

In an interview with the Financial Times, Pexels Gopinath said: "We need governments, institutions, policymakers to act quickly on all fronts, both in terms of regulation and in preparing for possible major disruptions in the labor market. "

She also advocates that the government strengthen the "social safety net" for workers affected by AI, while formulating corporate tax policies that discourage replacing employees with machines.

Gopinath also cautions policymakers to be careful about companies taking an unfair advantage of new technologies.

According to CTOnews.com, OpenAI CEO Sam Ultraman has just finished a visit to Europe and is currently continuing his "global tour" in Israel before traveling to Jordan, Qatar, United Arab Emirates, India and South Korea, where one of the main purposes of his trip is to discuss AI regulation with policymakers.