How AI will create jobs, the health cost of emissions and protecting female talent

A report suggests artificial intelligence will create more jobs than it destroys, while a new type of paint could keep buildings cool, reduce carbon and the impact of the pandemic on the female workforce. Our round-up of provoking thoughts, penetrating insights and digital curiosities.

AI “will create more jobs than it destroys”

The growing use of artificial intelligence will create more jobs than it destroys, claims the World Economic Forum (WEF). In its Future of Jobs Report 2020, the WEF predicts that 97 million new jobs will be created by 2025, while 85 million will be displaced. It says that COVID-19 has accelerated the automation of many tasks, meaning a greater need for retraining and upskilling, so businesses and governments need to work together to ensure the ‘digital divide’ of inequality does not increase.

Read more: How has the pandemic impacted the outlook for robotics?

Paint that keeps buildings cool

Last month was the hottest September on record, CNN reports, continuing a trend of rising temperatures. However, a new type of paint has been developed that has the potential to help keep buildings cool and reduce the need for air conditioning, a source of carbon emissions, according to the BBC. The paint can reflect light and reduce temperatures, by using different sized particles of calcium carbonate, though it is not yet available commercially.

Read more: Industrialised agriculture: How the reliance on the soybean harms biodiversity

London emissions have greatest health cost

Meanwhile the carbon emissions produced by traffic have a greater impact on health in London than any other European city, a new study has found. The Guardian reports that researchers studied the financial impact of car emissions including health costs and lost working days over 400 cities and estimated the average cost at £349m per city. London suffers the highest social cost at £10.3bn a year, though the size of the city and its population as well as its pollution level are a factor.

Read more: COVID-19: Accelerating the energy transition and driving climate-friendly investment opportunities

Invest to protect female talent

Women have been particularly badly affected by the coronavirus pandemic, stalling their careers and jeopardising their financial security, according to McKinsey’s latest annual Women in the Workplace report. Companies risk losing women in leadership positions both now and in the future, and “unwinding years of painstaking progress toward gender diversity”, unless they invest in building a more flexible and empathetic workplace, it says.

Read more: Social climbing: ESG investors get their heads around social risks


Not for Retail distribution: This document is intended exclusively for Professional, Institutional, Qualified or Wholesale Clients / Investors only, as defined by applicable local laws and regulation. Circulation must be restricted accordingly.

This document is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments as per MIF Directive (2014/65/EU), nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.

Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

Issued in the UK by AXA Investment Managers UK Limited, which is authorised and regulated by the Financial Conduct Authority in the UK. Registered in England and Wales, No: 01431068. Registered Office: 7 Newgate Street, London, EC1A 7NX (until 3rd September 2020); 155 Bishopsgate, London, EC2M 3YD (until 31st December 2020); 22 Bishopsgate, London, EC2N 4BQ (from 1st January 2021).


In other jurisdictions, this document is issued by AXA Investment Managers SA’s affiliates in those countries.