IMF launched an AI readiness mapping study and found that countries are at different stages of readiness to harness the potential benefits of AI and manage the risks. The report said that AI could boost productivity and economic growth, but also lead to job loss and inequality.
“Our research has already shown how AI is poised to reshape the global economy. It could endanger 33 percent of jobs in advanced economies, 24 percent in emerging economies, and 18 percent in low-income countries. But, on the brighter side, it also brings enormous potential to enhance the productivity of existing jobs for which AI can be a complementary tool and to create new jobs and even new industries.” mentioned Giovanni Melina.
The report stated that it is difficult to measure how prepared countries are for AI, in part because the institutional requirements for integrating AI throughout the economy are unclear. Also, AI will likely worsen overall inequality between countries, and the dashboard is a resource for better assessing AI readiness and identifying actions needed to ensure that AI’s rapid gains benefit everyone.
“For policymakers, those in advanced economies should expand social safety nets, invest in training workers, and prioritize AI innovation and integration. Coordinating with one another globally, these countries also should strengthen regulation to protect people from potential risks and abuses and build trust in AI.” mentioned report.
Lately, researchers have warned that AI systems could produce a large amount of misleading content as the internet becomes flooded with AI-generated material.
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