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AI offers 'lifeline' for emerging economies, World Bank says
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Widespread job losses due to AI are also less of a threat to emerging economies, the report found, adding that developing economies have more to gain and less to fear than richer nations.
Advertisement AdvertisementAdvertisement Advertisement"AI has thrown developing economies a lifeline, and they should seize it," Indermit Gill, the World Bank's chief economist, said in a statement accompanying the report.
But Gill said emerging economies do not need vast resources or bespoke large language models to benefit.
The share of jobs expected to benefit from meaningful productivity gains is also similar: 16.2% in developing economies and 18.7% in high-income countries.
"Today's developing economies missed the first Industrial Revolution and spent the next two centuries paying the price," Gill said.