UBS’ Khan Says AI Will Impact Jobs While Aiding Productivity

Iqbal Khan, President of UBS Group AG for the Asia Pacific region, stated that artificial intelligence (AI) is set to enhance productivity while also impacting job availability. He emphasized that AI will help free up capacity within organizations.

This development is significant as it highlights the dual nature of AI's influence on the workforce, suggesting that while productivity may increase, there could be challenges related to job displacement, prompting companies to consider strategies for workforce adaptation and reskilling.