Bank of England governor delivers warning over AI's impact on jobs
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Bank of England governor delivers warning over AI's impact on jobs
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"As you saw in the industrial revolution, now over time, I think we can now sort of look back and say it didn't cause mass unemployment, but it did displace people from jobs and this is important. My guess would be that it's most likely that AI may well have a similar effect. So we need to be prepared for that, in a sense."
The Bank of England Governor warned that the UK must brace for significant job displacement as artificial intelligence rapidly advances. The Governor compared AI's potential societal impact to the Industrial Revolution, noting that the earlier revolution did not cause mass unemployment but did displace workers. The Governor emphasized that preparedness through training, education and AI-related skills will make it easier for people to secure employment. The Independent emphasizes on-the-ground reporting across topics from reproductive rights to climate change and Big Tech, keeps content free of paywalls, and requests donations to fund journalists and investigations.
Read at www.independent.co.uk
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