IMF and OECD warn AI could widen global wealth gap
IMF and OECD officials warn that artificial intelligence threatens to widen the economic divide between nations. Poorer countries and younger workers risk missing out on productivity gains.
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Artificial intelligence could add up to 0.5% to annual global growth over the medium term, but developing economies and smaller firms risk missing out without infrastructure upgrades, officials from the IMF and OECD said on Wednesday morning. The warning follows massive chip and AI investments that have driven stock markets to record highs. Investors face mounting pressure over whether companies can generate sufficient returns on heavy spending as borrowing costs rise.
