Winning Bizness Desk

Mumbai. The trend of artificial intelligence is increasing rapidly all over the world. With the deepening of the banking crisis, IT companies are also expected to increase its use. According to a report by Investment Bank, AI is threatening 300 million jobs worldwide. It can do a quarter of the work in the US and Europe. Along with this, new types of jobs can be found and there can be a jump in productivity. Due to this, the total annual value of Goods and Services worldwide can increase by seven percent. The report says that generative AI is very revolutionary. It can create content like a human.

Govts to promote investment in AI

Governments around the world want to promote investment in the field of AI. Especially developed countries are showing a lot of interest in it. They say that this will increase productivity and increase the economy. Britain's Technology Secretary Michelle Dunlan said that AI should work according to our work, not disrupt it. This should make our work better, not take away our work. According to the report, the impact of AI will vary from sector to sector. For example, 46% of administrative and 44% of legal work may be automated, but only 6% in construction and 4% in maintenance may be affected.

Salary may also come down

This is what happened to drivers with the advent of GPS technology and Uber. It doesn't matter how much road experience you have. Due to this, the salary of the drivers fell by 10 percent. Due to this the number of drivers did not decrease but their salary decreased. Generative AI could see a similar impact on creative work in the next few years. Citing research in the report, it has been said that today 60 percent of the workers are doing such work which was not there in 1940.