Categories: TechnologyWorld

Italy allocates funds to shield workers from AI replacement threat

Italy on Monday earmarked 30 million euros ($33 million) to improve the skills of unemployed people as well as those workers whose jobs could be most at risk from the advance of automation and artificial intelligence.

According to the Fondo per la Repubblica Digitale (FRD), set up in 2021 by the Rome government to boost the digital skills of Italians, 54% of those aged 16-74 lack basic digital skills, compared with an average 46% in the European Union.

The funding in improving training will be allocated in two ways, FRD said.

Of the total, 10 million euros will go towards boosting the skills of those whose jobs are at high risk of being replaced due to automation and technological innovation.

The remaining 20 million euros will be allocated to help unemployed and economically inactive people develop digital skills that would improve their chances of entering the job market, FRD said.

A wide range of jobs could come under threat from automation, FRD said, citing sectors including transport and logistics, office support and administration, production, services and the retail sector.

The growing spread of artificial intelligence (AI) and automation and the rapid development of tools such as ChatGPT have attracted attention from lawmakers and regulators in several countries.

Many experts say new regulations are needed to govern AI because of its potential impact on national security and education, as well as jobs.

The ChatGPT chatbot was unavailable in Italy for around four weeks until its maker OpenAI addressed issues raised by Italy’s data protection authority in late April.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Similarity is not exposure: Measuring spillovers from US–China trade frictions

The redirection of Chinese exports away from the US has fuelled concerns about its spillovers…

3 days ago

Energy labels, feebates and standards: Lessons from the EU’s 2021 reform

The European Commission is simplifying the rules around the EU energy label. This column uses…

3 days ago

The Global Office: Globalisation’s frontier is shifting from factories to offices

Service value chains are expanding faster than industrial ones, yet their geography is strikingly different:…

3 days ago

When wording changes what we find: The impact of inflation expectations on spending

How households’ inflation expectations affect their spending is a central question for researchers and policymakers…

3 days ago

Invest now or pay more later: can the EU climate resilience framework break the disaster-relief cycle?

An anticipatory framework for the European Union to manage climate risks should lead to better…

3 days ago

Why generals need economists to win long wars

Military planners need to work more closely with economists to better understand resource management and…

3 days ago