Adoption of AI will see Irish job losses

Highly-skilled occupations are exposed, says ESRI and Dept of Finance report

The increased adoption of artificial intelligence (AI) by Irish firms will lead to job losses, with highly educated workers hardest hit, a new report warns.

The increased adoption of artificial intelligence (AI) by Irish firms will lead to job losses, with highly educated workers hardest hit, a new report warns.

High-skilled occupations are strongly exposed to AI adoption, according to the joint report from the Economic and Social Research Institute (ESRI) and Department of Finance. The report predicts that AI is likely to lead to “moderate increases in income inequality in the short to medium term”. “This change will be driven by job displacement among workers whose jobs can be partially carried out using AI, wage increases for workers who become more productive through the use of AI, and increased returns to capital investment,” the report said.