The rapid spread of artificial intelligence technologies may lead to a decrease in salaries, but so far it has resulted not in job cuts but in the creation of new jobs, according to a study by the European Central Bank. Companies are making significant investments in AI research, and the demand for professionals in this field is growing despite the recession, the ECB points out.
In the 16 European countries where the study was conducted, the proportion of workers in sectors that could be affected by the spread of AI is growing. The impact on low-skilled and mid-skilled workers has been minimal, while the demand for highly skilled professionals has increased. Companies are making significant investments in AI research, and the demand for professionals in this field is growing despite the recession, the researchers indicate.
At the same time, the spread of AI has a “neutral to slightly negative” impact on salaries, and this effect may intensify, according to the report.
The experts predict two scenarios for AI development. According to the first scenario, AI will take over many functions, allowing people to work less and earn more. In the second scenario, AI development will create even more jobs and lead to a shortage of employees.
The areas where the greatest breakthroughs due to AI technologies are expected: healthcare, education, and management systems.
Amazon has already launched a free course program aimed at providing skills in AI. The classes are designed for both beginners and those with existing experience in the field. Through this program, Amazon aims to train at least 2 million people by 2025 and use the new talent to close the gap with Microsoft, Google, and other companies also working in AI development.
