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World Bank: AI Accelerates Progress
A report by the World Bank indicates that artificial intelligence could offer developing countries an unprecedented opportunity to achieve a century's worth of growth in just a decade, provided they can improve electricity supplies, expand internet networks, and develop digital skills. The report estimates that generative AI could pose a threat to about 14.2% of jobs in wealthy countries, compared to 4.5% in low- and middle-income nations. However, it also presents opportunities to boost productivity in approximately 16.2% of jobs within emerging economies. The report emphasizes the importance of investing in digital infrastructure and energy in developing countries, while simultaneously avoiding risks such as widening economic gaps and the spread of misinformation. Achieving sustainable growth and development hinges on effectively harnessing AI technology.
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