According to a report by World Economic Forum (WEF), while artificial intelligence (AI) could add $2.6 trillion to $4.4 trillion to the global economy annually, there is also need to pay attention to the careers, lives and communities it will disrupt – including those who have already been left out of the global digital economy.
Further, these divides are also present in developed countries. In the United States, approximately 24 million people still do not have access to high-speed internet, hindering their ability to utilise broadband-exclusive services and fully engage in the economy, according to a report.
As per the report, rather than becoming a new economic divide, AI has the potential to be a significant source of generational wealth. This is contingent upon taking necessary measures to prevent these technologies from replicating and perpetuating racial and gender biases. The innovation and economic growth driven by AI could lead to widespread prosperity.
Furthermore, the WEF has identified three key sectors, which include, hardware vendors, super scalers, and software vendors, that require focused efforts to ensure equitable development and deployment of generative AI.
