Qatar National Bank on emerging markets and AI
Qatar National Bank has affirmed that artificial intelligence offers emerging markets pivotal opportunities to enhance growth and development. However, it also presents significant risks that require building advanced digital infrastructure, developing data systems, and investing in skills. The organization forecasts that the global AI market will reach approximately $4.8 trillion by 2033, with substantial expansion in developed economies. Meanwhile, emerging markets face challenges in narrowing the technological gap, especially in sectors heavily reliant on manual labor. On the other hand, adopting AI could lead to disruptions in the labor market, with an estimated 40% of jobs in emerging markets threatened due to the automation of routine tasks—particularly in the service and technology industries—highlighting the need for strategies that keep pace with technological changes to maintain economic and social balance.
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