AI To Kill 14 Million Jobs

  • Huge disruptions will rock the global job market over the next five years as the economy weakens and companies boost adoption of technologies such as artificial intelligence.
  • That finding comes from the World Economic Forum (WEF), which on Sunday published a report based on surveys of more than 800 companies.
  • WEF — which hosts a gathering of global leaders in Davos, Switzerland, every year — found that employers expect to create 69 million new jobs by 2027 and eliminate 83 million positions. That will result in a net loss of 14 million jobs, equivalent to 2 per cent of current employment.