AI could affect 40% of global employment, with advanced countries being worse hit than developing countries and emerging markets.
Although AI offers a way to improve business productivity and create new job opportunities, Moody's predicts that in certain domains, requiring moderate-to-high education levels that do not involve face-to-face interactions, the transition will be harder to achieve.
Moody's believes legal services providers are most vulnerable to disruption. "AI tools can perform document reviews and other text-based services accurately and efficiently, which could make some of their law firm services redundant," the report's authors warned.
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