The skills gap is widening between people and AI. Artificial Intelligence is apparently ready to get to work. Over the next three years, as many as 120 million workers from the world's 12 largest economies may need to be retrained because of advances in artificial intelligence and intelligent automation, according to a study released Friday by IBM's Institute for Business Value.
However, less than half of CEOs surveyed by IBM said they had the resources needed to close the skills gap brought on by these new technologies. "Organizations are facing mounting concerns over the widening skills gap and tightened labor markets with the potential to impact their futures as well as worldwide economies," said Amy Wright, a managing partner for IBM Talent & Transformation, in a release. "Yet while executives recognize severity of the problem, half of those surveyed admit that they do not have any skills development strategies in place to address their largest gaps." Concerns over how advances in AI will impact jobs aren't new. Tesla and SpaceX CEO Elon Musk last month said AI could make many jobs "pointless." One report earlier this year found that robots could replace humans in a quarter of US jobs by 2030.