IMF's Gopinath warns AI risks 'substantial disruptions' in jobs markets- FT

FILE PHOTO: Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF) Gita Gopinath poses for a picture after an interview with Reuters in the Alpine resort of Davos, Switzerland May 23, 2022. REUTERS/Arnd Wiegmann

(Reuters) - IMF First Deputy Managing Director Gita Gopinath has warned of "substantial disruptions in labour markets" stemming from generative artificial intelligence and called on policymakers to quickly craft rules to govern the technology, the Financial Times reported on Monday.

"We need governments, we need institutions and we need policymakers to move quickly on all fronts, in terms of regulation, but also in terms of preparing for probably substantial disruptions in labour markets," Gopinath said in an interview to FT.