Tech

‘Nearly 40% of global employment deemed exposed to AI’

Published

4 months ago

Farwa

The imminent integration of artificial intelligence (AI) into the global economy holds the promise of unprecedented productivity, economic growth, and increased incomes, International Monetary Fund (IMF) Managing Director Kristalina Georgieva wrote in a blog for the global lender’s website.

However, she added that this transformative wave also raises concerns about job displacement and deepening inequalities. The IMF emphasises the need for proactive policies to harness AI’s potential for the benefit of humanity while addressing its potential pitfalls.

Reshaping nature of work

IMF’s recent analysis delves into AI’s potential impact on the global labour market, acknowledging its complex ramifications. Nearly 40% of global employment is deemed exposed to AI, with advanced economies facing both higher risks and greater opportunities compared to emerging markets.

The study indicates that approximately 60% of jobs in advanced economies may be affected by AI, with half potentially benefiting from increased productivity while the other half faces potential job displacement, lower wages, and reduced hiring.

Nearly 40% of global employment deemed exposed to AI

Inequality challenges

AI exposure in emerging markets and low-income countries is expected to be 40% and 26%, respectively, suggesting fewer immediate disruptions.

However, the lack of infrastructure and skilled workforces in these regions poses a risk of widening global inequality over time. Within countries, AI could contribute to income and wealth polarisation, favouring workers adept at leveraging AI while potentially leaving others behind.

Proactive policy recommendations

Recognising the potential exacerbation of inequality, the IMF urges policymakers to establish comprehensive social safety nets and retraining programs to ensure an inclusive AI transition. The organisation emphasises the importance of proactive measures to prevent AI from widening societal divisions.

AI preparedness index

To guide countries in crafting effective policies, the IMF has developed an AI Preparedness Index, evaluating readiness in areas such as digital infrastructure, human capital, innovation, and regulation. Wealthier economies, including Singapore, the United States, and Denmark, tend to be better equipped for AI adoption.

The index serves as a tool for advanced economies to prioritise AI innovation while developing robust regulatory frameworks, and for emerging economies to focus on foundational investments in digital infrastructure and a digitally competent workforce.

As AI rapidly integrates into global businesses, the IMF underscores the significance of inclusive policies to navigate the transformative era, ensuring that AI brings prosperity to all.

Business

Pakistan’s lunar mission ‘ICUBE-Q’ reaches the moon orbit.

Published

2 days ago

Farwa

Pakistan’s lunar mission (ICUBE-Q) entered orbit around the moon on Wednesday.

Pakistan’s historic lunar mission (ICUBE-Q) launched from Hainan, China, on Friday aboard China’s Chang’E6 spacecraft.

According to the IST, the satellite ICUBE-Q was planned and developed in partnership with China’s Shanghai University SJTU and Pakistan’s national space agency SUPARCO.

The ICUBE-Q orbiter is equipped with two optical cameras to image the lunar surface. ICUBE-Q has now been integrated into the Chang’e6 mission after successfully qualifying and testing it.

Chang’e6 is the sixth lunar exploration mission launched by China.

The launch event was streamed live on the IST website and social media platforms. Chang’6, China’s Lunar Mission, will land on the Moon’s far side to collect surface samples before returning to Earth for further research.

Education

The establishment of IT labs in Islamabad’s educational establishments

Published

3 days ago

Farwa

SIFC was established to improve the ease of doing business for potential investors through a “Whole of Government”Approach”—achieving optimal horizontal-vertical synergy and facilitation by the Pakistan Army—and to attract investments from friendly countries in selected sectors through an empowered organisation that serves as a “single-window” platform for facilitation.

The children will learn the newest skills in these state-of-the-art IT labs, expanding their employment prospects.

These IT laboratories will be constructed in sixteen degree colleges spread throughout various parts of Islamabad.

Students will take six-month courses in artificial intelligence (AI), game development, data science, and block chain in these IT labs.

Approximately 1,000 students will have access to courses in the first phase, which is being implemented in response to market demand.

The National Vocational and Technical Training Commission has worked with esteemed universities such as NUST, National Skills University, COMSATS, and NUML to produce these courses.

The second week of this month will mark the start of these classes. For these courses, about 3,600 students have signed up.

Latest News

Pakistan launches first-ever lunar mission with iCube Qamar

Published

7 days ago

Farwa

China’s Chang’E6 spacecraft carried Pakistan’s first satellite mission to the moon, iCube Qamar, into orbit.

The Institute of Space Technology states that IST worked with Pakistan’s national space agency SUPARCO and China’s Shanghai University SJTU to design and develop the satellite ICUBE-Q.

The launch event was streamed live on both Chinese state television and the IST website.

Two optical cameras are carried by the ICUBE-Q orbiter to capture images of the lunar surface. ICUBE-Q has now been successfully integrated into the Chang’e6 mission after qualification and testing.

The sixth in China’s sequence of lunar exploration missions is called Chang’e6.

China’s Lunar Mission, Chang’6, will land on the Moon’s far side in order to gather surface samples and bring them back to Earth for analysis.

Pakistan would benefit from the mission since it will carry a Pakistan CubeSat Satellite, called iCube-Q, which was created by IST.

Small satellites known as “CubeSats” are typified by their uniform design and compact size. They are built in the form of a cube and are made up of modular parts that follow predetermined dimensions.

These satellites are regularly placed in orbit for a variety of uses and only weigh a few kilos.

Cubesats are primarily used to support space exploration education, technology development, and scientific research. Many different missions are carried out by these satellites, such as telecommunication, astronomy, remote sensing, Earth observation, atmospheric research, and technological demonstration.

CubeSats provide universities, research centers, and commercial organizations with the chance to engage in space missions and acquire important data for scientific advancement and innovation because of their small size and very low cost when compared to regular satellites.

They act as test beds for novel ideas and technology, opening up space to a wider spectrum of users and encouraging cooperation amongst members of the space community.