Artificial intelligence (AI) could displace between 1m and 3m private sector jobs in the UK, but long-term losses are expected to be relatively modest.
The Tony Blair Institute (TBI) estimates that between 60,000 and 275,000 jobs will be displaced annually over a couple of decades at the peak of the disruption.
However, TBI predicts that total job losses will be in the low hundreds of thousands, as AI creates new demand for workers and pulls them back into the economy.
The report also suggests that the deployment of AI could raise GDP and increase economic growth by up to 1% over the next five years.