"Half of employers plan to re-orient their business in response to AI," writes the WEF in the report. "Two-thirds plan to hire talent with specific AI skills, while 40% anticipate reducing their workforce where AI can automate tasks."

“Extrapolating from the predictions shared by Future of Jobs Survey respondents, on current trends over the 2025 to 2030 period job creation and destruction due to structural labour-market transformation will amount to 22% of today’s total jobs,” the report states.

A new study from World Economic Forum has highlighted what many people fear: AI will lead to job losses, with 41% of companies set to make layoffs by 2030.

Companies across the globe, at least 4 in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum’s (WEF)

Artificial intelligence is here to stay, and while some have embraced the technology, others are understandably worried about its swift evolution and how it can potentially impact our livelihood. Well now,

The global job market is poised for a significant transformation by 2030, with numerous jobs facing disruption, according to the World Economic Forum.

There is more demand for AI skills. Nearly 70% of companies are planning to hire new workers with skills to design AI tools and enhancements, the survey said, and 62% plan to recruit more people with skills to better work alongside AI.

India will showcase its advancements in artificial intelligence, renewable energy, and frontier technologies at the World Economic Forum in Davos. The delegation, led by key ministers, aims to boost foreign investment and highlight economic opportunities and industrial progress across various states.

Artificial intelligence is coming for your job: 41% of employers intend to downsize their workforce as AI automates certain tasks, a World Economic Forum survey showed Wednesday.

About sixty per cent of global manufacturers will use generative AI as a tool to help people gain expertise faster by 2027, according to the annual meeting of the World Economic Forum (WEF).

The cybersecurity and AI landscape continues to evolve at a breathtaking pace, and with it, the associated risks.