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

Nvidia CEO joins Trump’s thorny trade mission to China

Trump embarks on the ‌first visit by a U.S. president to China in nearly a…

1 day ago

The different effects of oil and gas supply shocks on euro area inflation

The surge in energy prices since March 2026 has revived questions about the pass-through to…

1 day ago

The impact of emissions trading systems on manufacturing installation productivity: Evidence from Japan

Emissions trading systems have been widely studied globally, but less attention has been paid to…

1 day ago

Dollar rises but still not far from pre-war levels, data awaited

Given the likelihood of elevated inflation readings, the CPI on Tuesday and PPI on Wednesday.…

2 days ago

AI rally fizzles as Middle East ceasefire goes on ‘life support’

Oil rises, stocks fall as Middle East ceasefire falters and Strait of Hormuz remains blocked.…

2 days ago

Gold falls as fading Middle East peace hopes lift dollar, oil

Trump to visit China this week, ​to discuss Iran ⁠with Xi. Gold fell from a…

2 days ago