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PwC Report Suggests that AI May Create Over 7m Jobs in the UK by 2037

Updated: Feb 24, 2023

Artificial intelligence is set to create more than seven million new UK jobs in healthcare, science and education by 2037, more than making up for the jobs lost in manufacturing and other sectors through automation, according to a report by PwC (PricewaterhouseCoopers). The company argued that AI would create slightly more jobs (7.2 million) than it displaced (7 million) by boosting economic growth. The firm estimated about 20% of jobs would be automated over the next 20 years and no sector would be unaffected. AI and related technologies such as robotics, drones and driverless vehicles would replace human workers in some areas, but also create additional jobs as productivity and incomes rise and new and better products were developed according to the accountants. Increasing automation in factories is a long-term trend but robots such as Pepper, created by Japan’s Softbank Robotics, are beginning to be used in shops, banks and social care, raising fears of widespread job losses.

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