Abstract business graph of AI growth, market analysis and future projections. Getty Images/MF3d
JOHANNESBURG - As Artificial intelligence becomes more powerful, over 200 economists and technology leaders say the world needs to move faster to prepare for its economic impact.
In a jointly signed statement, they warn that AI could transform the economy faster than any previous technological revolution.
The experts added that AI has the potential to disrupt jobs and industries within a few years.
The group is calling for policies and institutions to ensure the benefits are widely shared while managing the risks of large-scale job loss.
Research suggests AI and automation could affect millions of jobs by 2030.
Supporters say early planning is key to helping workers, businesses and governments adapt to the AI transition.