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Telangana farmers saved $560 each through AI forecasts: Report
['Press Trust Of India', 'Pti', 'Is India S Premier News Agency', 'Having A Reach As Vast As The Indian Railways. It Employs More Than Journalists', 'Stringers To Cover']
The Siasat Daily
Washington: Artificial intelligence-powered weather forecasts helped small farmers in Telangana save as much as USD 560 by altering their behaviour in response to specific risks, a World Bank report said.
Citing a Telangana study and other examples, the World Bank urged developing countries to expedite the adoption of small, low-cost artificial intelligence tools to improve the lives of millions.
The report is the first comprehensive assessment of AI’s implications for developing countries, revealing how businesses and governments in these countries have begun to use AI.
The report said developing countries should leave it to the rich world to agonise over whether AI will one day doom humanity.
The report recommends an emphasis on small AI applications diffused widely across the economy instead of big investments in large language models concentrated in a few firms.