Bank of England's chief economist warns A.I. could threaten ‘large’ amount of jobs

Andrew Haldane, the Bank of England's Chief Economist and Executive Director, Monetary Analysis & Statistics

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Andrew Haldane, the Bank of England’s Chief Economist and Executive Director, Monetary Analysis & Statistics

The Bank of England’s Chief Economist Andy Haldane warned on Monday that the rise of artificial intelligence (AI) threatens to replace a huge number of jobs.

Haldane said that the so-called Fourth Industrial Revolution — a digitally-driven paradigm shift similar to previous industrial revolutions in the West — had the potential to displace numerous jobs and leave people “technologically unemployed.”

“Each of those [industrial revolutions] had a wrenching and lengthy impact on the…

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