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The report says that the "end times" of artificial intelligence could take jobs from the UK

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AI ‘apocalypse’ could take away almost 8m jobs in UK, says report

-Women, younger workers and lower paid are at most risk from artificial intelligence, says IPPR thinktank

The report says the AI "apocalypse" could take nearly 8 million jobs in the UK

- The Institute for Public Policy, a think tank, said that women, young workers and low-wage workers are most at risk from AI

The report says that the "end times" of artificial intelligence could take jobs from the UK

(Customer support workers are among those at risk in the first wave of AI adoption. The second wave will have a much bigger impact.)

(In the first wave of AI adoption, customer support staff were one of those at risk.) The second wave will have an even greater impact. )

News:

Almost 8 million UK jobs could be lost to artificial intelligence in a “jobs apocalypse”, according to a report warning that women, younger workers and those on lower wages are at most risk from automation.

A report warns that nearly 8 million jobs could be replaced by AI in the UK in a "jobs apocalypse", with women, young workers and those with lower wages most at risk of being affected by automation.

The Institute for Public Policy Research (IPPR) said that entry level, part-time and administrative jobs were most exposed to being replaced by AI under a “worst-case scenario” for the rollout of new technologies in the next three to five years.

According to the Institute for Public Policy, entry-level, part-time and administrative jobs are most likely to be replaced by AI in the "worst-case scenario" of new technology rollouts in the next three to five years.

The thinktank warned that the UK was facing a “sliding doors” moment as growing numbers of companies adopt generative AI technologies – which can read and create text, data and software code – to automate everyday workplace tasks.

The think tank warns that the UK is facing an "autodoor" moment as more and more companies adopt generative AI technology (which can read and create text, data and software code) to automate routine work tasks.

The report said this first wave of AI adoption was already putting jobs at risk as growing numbers of companies introduce the technology. However, a second wave could lead to the automation of more jobs amid rapid advances in AI.

This first wave of AI applications is already putting jobs at risk as more companies introduce AI technology, the report said. However, with the rapid development of artificial intelligence, the second wave could lead to the automation of more jobs.

Analysing 22,000 tasks in the economy covering every type of job, the IPPR said 11% of tasks currently done by workers were at risk. This could, though, increase to 59% of tasks in the second wave as technologies develop to handle increasingly complex processes.

The Institute for Public Policy has analysed 22,000 tasks in the economy that cover a variety of job types and says 11 percent of tasks currently performed by workers are at risk. However, as technology evolves to be able to handle increasingly complex processes, this percentage could increase to 59% in the second wave.

It said routine cognitive tasks – including database management, scheduling and stocktaking – were already at risk, with potential to displace entry level and part-time jobs in secretarial work, administration and customer services.

Routine cognitive tasks – including database management, scheduling and stocktaking – are already in jeopardy and have the potential to replace junior and part-time secretarial, administrative and customer service jobs, the report said.

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However, the second wave of AI adoption could impact non-routine tasks involving the creation of databases, copywriting and graphic design, which would affect increasingly higher earning jobs.

However, the second wave of AI applications is likely to impact unconventional tasks, including creating databases, copywriting, and graphic design, which will impact increasingly high-paying jobs.

Women would be significantly more affected, as “they are more likely to work in the most exposed occupations, such as secretarial and administrative occupations”, the IPPR said.

According to the Institute for Public Policy, women are disproportionately affected because "they are more likely to work in high-risk occupations, such as secretarial and administrative careers."

In the worst-case scenario for the second wave of AI, 7.9m jobs could be displaced, the report said, with any gains for the economy from productivity improvements cancelled out with zero growth in GDP within three to five years.

In the worst-case scenario of the second wave of AI, 7.9 million jobs could be replaced, and any gains to the economy from productivity gains would be offset by zero GDP growth within three to five years, the report said.

In a best-case scenario for full augmentation of the workforce with generative AI, no jobs would be lost, while the size of the economy could be increased by 4%, or about £92bn a year.

In the best-case scenario, there would be no job losses by fully increasing the workforce through generative AI, while the size of the economy could increase by 4%, or around £92 billion a year.

Sounding the alarm over the impact on workers, the left-of-centre thinktank said government action could prevent a “jobs apocalypse”, and help to harness the power of AI to boost economic growth and raise living standards.

The center-left think tank sounded the alarm about the impact of AI on workers, saying the government's actions could prevent a "job apocalypse" and help harness the power of AI for economic growth and higher living standards.

Carsten Jung, senior economist at IPPR, said: “Already existing generative AI could lead to big labour market disruption or it could hugely boost economic growth. Either way, it is set to be a gamechanger for millions of us.

Carsten Jung, senior economist at the Institute for Public Policy, said: "The generative AI that already exists could lead to significant disruption in the labor market, and could also be a huge boost to economic growth. Either way, it will be a game-changer for millions of us.

“But technology isn’t destiny and a jobs apocalypse is not inevitable – government, employers and unxs have the opportunity to make crucial design decisions now that ensure we manage this new technology well. If they don’t act soon, it may be too late.”

"But technology is not fate, and the end of jobs is not inevitable – governments, employers, and unions now have the opportunity to make critical design decisions to ensure we can manage this new technology well. But if they don't act sooner now, it may be too late to regret it. ”

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