A recent World Economic Forum (WEF) report has stated that advancements in artificial intelligence (AI) will displace 92 million jobs.

That would represent 8% of the global workforce by 2030.

According to the report, about 41 per cent of employers globally expect workforce reductions as AI automates tasks, with roles like graphic designers and legal secretaries among the most vulnerable.

In spite of the significant job losses, AI and big data are expected to be the fastest-growing skills, followed closely by networks, cybersecurity, and technology literacy.

The report has also predicted that AI will create 170 million new jobs by 2030, leading to a net increase of 78 million roles, or seven per cent global job growth.

“While technology will enhance productivity, it’s essential that workers are equipped with the skills to adapt.

"Without proper support, millions may face job displacement.

“As AI reshapes the global workforce, a focus on skill development, retraining, and strategic policymaking will be critical to preparing workers for the future of work,” the report stated.