About 40% of workers will need to reskill due to AI and automation over the next three years, which translates to 1.4 billion of the 3.4 billion global workforce, a new study has shown.

"As AI continues to evolve, its effects will likely intensify across the board, including at the managerial and executive ranks. No level is immune to the impact. This will force executives to rethink job roles, skill sets, and how work gets done" the study said.

Due to the introduction of artificial intelligence (AI) and automation, a new report from *** explains, roughly 1.4 billion people will be affected. In fact, forty percent of workers will need new job skills over the next three years, according to a survey of thousands of C-suite executives.

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In addition to job loss, the organization looked at job augmentation—ways in which AI could make workers more productive. Here, more than 13 percent of citizens of high-income nations could benefit, compared to around 10 percent in low-income countries.

But things are not so bright for all of the population. The report does highlight certain professions at higher risk. Specifically, office administration work is identified as the most vulnerable, with the study noting, "The occupation likely to be most affected by GenAI... is clerical work, where about a quarter of tasks are highly exposed to potential automation."

This could have broader implications, especially for women. The report points out, "3.7 per cent of all female employment in the world is in jobs that are potentially automatable with generative AI technology, compared with only 1.4 per cent of male employment." The stark divide stems from women's overrepresentation in clerical and service roles on the frontlines of automation. Without proper policies, disproportionate job loss could erase progress on women's labor participation.

Even the CEO of Stability.AI, the company behind the world’s most advanced open-source image generator, Stable Diffusion, said he believed coding as a paid job would be almost nonexistent in the near future because of AI.