A British think tank warns that AI will devour 8 million jobs in the UK if government policies are not in place

Huitong Financial News The British Institute of Public Policy warned that under the current government policy, as many as 8 million British workers are at risk of being replaced by artificial intelligence. According to the think tank, AI already affects 11 per cent of the jobs done by employees in the UK, and that number could rise to nearly 60 per cent if companies integrate the technology more deeply. Back-office jobs such as part-time, entry-level, and customer service are most at risk, but higher-paying jobs will increasingly be affected. Carsten Jung, a senior economist at the institute, said existing generative AI could lead to severe disruption in the labor market and could also contribute significantly to economic growth. "The end of employment is not inevitable, and governments, employers, and unions now have the opportunity to make critical design decisions to ensure that this new technology is well managed. If you don't act soon, it may be too late. ”