What economic concern is associated with the rise of AI?

Prepare for the Artificial Intelligence Governance Professional Exam with flashcards and multiple choice questions. Each question includes hints and explanations to enhance understanding. Boost your confidence and readiness today!

The correct choice highlights a significant concern regarding the economic impact of artificial intelligence. The rise of AI has been linked to the potential reduction in the overall workforce. This concern stems from automation and the capabilities of AI technologies to perform tasks traditionally done by humans, which can lead to job displacement in various industries. As AI systems become increasingly capable of handling routine and complex tasks more efficiently than human workers, companies may opt to reduce their workforce to cut costs and improve productivity.

This shift can result in significant economic implications, including increased unemployment rates, a shift in the types of available jobs emphasizing advanced skills and technological knowledge, and growing inequality between those who can adapt to the AI-driven economy and those who cannot. The pressure to retrain and upskill the workforce becomes crucial as industries evolve due to AI integration, emphasizing the importance of addressing these economic challenges proactively.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy