The credit organization warned of the need for regulation of degenerative artificial intelligence and the impact it will have on economies.
Fiscal measures social protection will have a “major role” in balancing the risks posed by artificial intelligence in terms of job cuts and avoiding a rising inequalityestimated the IMF (International Monetary Fund).
Without regulation, the generative artificial intelligence (AI)a, which produces content on demand through simple written commands and popularized by ChatGPT, could lead to job elimination in established professionsconsiders the International Monetary Fund in a note.
Governments should adopt new strategies to finance a social safety net for those who lose their jobs, the authors recommend.
Artificial Intelligence generative solution
“Fiscal policy has a major role in sustaining a more equitable distribution of benefits and opportunities (created by) generative artificial intelligence,” highlighted a blog of the organization. “But this will require significant improvements to social protection and fiscal systems in the world,” the text added.
The IMF calls for increasing unemployment insurance and investment in training to prepare workers “for the jobs of the AI era.”
IMF: what do you think about creating taxes for AI
The Fund rejects, however, a specific taxor to AI, proposed by researchers. Consider that this would affect productivity growth.
The agency instead calls for reconsidering the tax advantages that encourage “a rapid displacement of jobs done by humans” towards AI, and recommends strengthen capital gains taxes to help “balance the growing inequality in the (distribution of) wealth” in the world.
Source: Ambito
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