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AI Puts 70% Of Britain’s ‘Knowledge Economy’ Tasks At Risk
A recent study conducted by the Institute for Public Policy Research (IPPR) has sounded a dire warning, claiming that artificial intelligence (AI) is poised to significantly impact Britain’s ‘knowledge economy’, with up to 70% of tasks potentially being transformed or replaced by AI. According to the report, AI’s capabilities are advancing at an unprecedented rate and threaten to have a seismic impact on British society.
The IPPR analysis revealed that AI is likely to have a particularly pronounced effect on jobs that involve IT-related tasks, such as project management, marketing, and administrative support. As AI continues to be integrated into existing workflows, its potential to alter the very fabric of the economy has become increasingly concerning for many experts.
In 2023, the IPPR warned that a staggering 8 million British workers could lose their jobs due to AI adoption, with no corresponding gain in GDP. While such an apocalyptic scenario may not be inevitable, the group emphasized the need for government, employers, and labor unions to collaborate in preserving existing positions and creating new automation-safe employment opportunities.
As leaders gather at the upcoming AI Action Summit in Paris to discuss the technology’s development and future applications, it has become clear that the impact of AI on the workforce is a pressing concern. The event will bring together world leaders, industry players, and top AI experts to explore the implications and potential benefits of this rapidly evolving field.
Despite Prime Minister Keir Starmer’s commitment to making Britain an “AI superpower,” his absence from the summit has raised eyebrows. While he is reportedly focusing on domestic issues, critics have questioned whether his leadership is adequately addressing the grave consequences that AI may unleash.
In response to these concerns, Starmer had unveiled ambitious plans for the nation’s AI industry, promising to create a pro-innovation approach to regulation, provide public data access to researchers and establish growth zones for additional AI infrastructure. These initiatives aim to not only boost productivity by 1.5% annually but also inject an estimated £47 billion ($58 billion) into the economy over the next decade.
Starmer’s vision envisions a future where Britain becomes a world leader in AI, fostering more jobs, investment, and transformative public services.
