IMF: AI investment supports about 3% of global growth, but will bring a "slow tsunami"-style shock.

PANews October 12 news, according to Reuters, IMF Managing Director Georgieva said on October 12 at the annual meeting in Bangkok that the AI infrastructure investment boom is supporting global economic growth at about 3% and may boost growth in Asia's advanced economies by 0.5 to 1 percentage point. But she warned that AI is a "slow tsunami," and IMF research shows that about 40% of jobs will be augmented, downgraded, or eliminated, with as many as 60% in advanced economies, and it will profoundly affect taxation and education.

Singapore President Tharman warned the same day that AI is reducing demand for entry-level positions for graduates, and that if too passive, it will widen the divide between developing and advanced economies.

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