The automation of more jobs is “inevitable,” Ian Hogarth said.

People will have to rethink how they work around the world, he said.

“AI will result in winners and losers on a global basis,” he said.

This week, BBC News is focusing on AI, how the technology affects our lives, and what impacts it may have in the future.

BT recently said it will shed around 10,000 staff by the end of the decade as a result of using AI tools instead of humans.

Like the rise of the internet, some believe these developments will also lead to the creation of new human jobs.

Goldman Sachs reported earlier this year that 60% of current jobs did not exist in 1940. Hogarth, a tech entrepreneur and AI investor, said the taskforce aims to help the government “to better understand the risks associated with these frontier AI systems.”

It was his concern that AI could cause harm – for example, by generating malicious computer code that results in increased cybercrime, or by causing wrongful arrests when used in law enforcement.

Furthermore, he said that expert warnings on AI’s potential to become an existential threat should not be dismissed, even if that divides opinion within the community.

He was also careful not to miss out on these technologies’ benefits.

AI tools are being used to detect early symptoms of diseases in healthcare, identifying new antibiotics, and helping people with brain damage regain movement.

In the past, Mr Hogarth built a tool to identify signs of breast cancer in scans.

A group he will lead has been given an initial £100m to oversee AI safety research.

In response to a question about how he intends to spend the money, he said he will know if he has succeeded if “the average person in the UK starts to see the benefits of artificial intelligence”.

Prime Minister Rishi Sunak wants the UK to become a global hub for AI. I was told bluntly by someone who knows him: “He’s obsessed with it.”

It has also been announced that data firm Palantir will open its headquarters in London, as well as OpenAI, the company behind the viral chatbot ChatGPT.

The UK faces several challenges in positioning itself as a key player in this lucrative and fast-moving sector.