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AI Unlikely to Create New Jobs, Economists Predict Despite Billions in Investment
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News18•22-09-2026, 16:46
AI Unlikely to Create New Jobs, Economists Predict Despite Billions in Investment
- •The 'Chief Economists' Outlook' report from the World Economic Forum was released, surveying global economic views.
- •56% of economists now believe the global economy will remain stable or improve in the next year, a shift from May's survey.
- •97% of experts identify inter-country wars and geopolitical conflicts as major threats to the global economy.
- •Artificial intelligence use is expected to increase by 97% next year, with 69% of applications boosting productivity.
- •Despite billions invested in AI and data centers, 61% of economists predict this will not create a large number of new jobs globally.
Key Questions Answered
Despite billions of dollars invested in artificial intelligence and data centers, 61% of economists surveyed predict that AI will not create a large number of new jobs globally.
While 97% of experts warn that inter-country wars and geopolitical conflicts threaten the global economy, 78% note that rapid data center growth will drive up electricity costs, 58% flag increased freshwater costs, and 79% anticipate local community opposition.
69% of experts predict that the AI technology gap between the US and China will narrow, with China's Large Language Models achieving growth comparable to US models in the coming year.
