"Training workers to use artificial intelligence will be "critical" to managing disruption in the UK labour market, according to Andrew Bailey, who said there were already signs that AI was reshaping careers and hiring patterns. Speaking at a conference in Saudi Arabia on Sunday, Bailey said the long-term impact of AI on employment remained "highly uncertain", but warned that early indicators pointed to meaningful change. "In the UK, in the last three years, new online vacancies in the most AI-exposed roles have decreased by more than twice as much as in the least exposed group," he said."
""On the positive side, however, there has been a significant increase in new tasks, such as integrating AI tools into firms' workflow processes." Bailey cautioned against drawing simplistic conclusions about the effect of AI on jobs, stressing that education and reskilling would be central to ensuring workers were not left behind. "Education and training in AI skills will be critical," he said. "We shouldn't resort to oversimplified conclusions on the employment effects.""
"His comments came at the end of a volatile week for global markets, during which renewed anxiety over artificial intelligence wiped more than $1 trillion off the combined value of the world's largest technology and software companies. Investor nerves were rattled in part by new product launches from Anthropic, one of the world's leading AI developers. The company unveiled tools aimed at automating legal work such as contract review, alongside its latest Claude Opus 4.6 model, which is capable of analysing complex information and producing presentations and spreadsheets."
AI is reshaping careers and hiring patterns in the UK, with new online vacancies in the most AI-exposed roles falling by more than twice the decline seen in the least exposed group over the past three years. There has been a significant rise in tasks focused on integrating AI tools into firms' workflow processes. Education, reskilling and training in AI skills are essential to prevent workers being left behind. Global markets experienced volatility as renewed anxiety over AI erased over $1 trillion from major technology and software companies, partly driven by new AI product launches automating legal and analytical work.
Read at Business Matters
Unable to calculate read time
Collection
[
|
...
]