IstanbulThe International Monetary Fund (IMF) on Tuesday released the AI Readiness Index (AIPI), mapping the world’s artificial intelligence (AI) readiness and assessing the level of AI readiness in 174 countries.
The AIPI dashboard tracks 174 economies based on digital infrastructure, human capital, labor policies, innovation, integration and regulation, Anadolu Agency (AA) reported in a statement from the FSA.
While AI has the potential to boost productivity, spur economic growth and increase incomes, it also has the potential to displace millions of jobs and increase inequality, the report added.
An IMF study published in January found that AI could put 33% of jobs at risk in developed economies, 24% in emerging markets, and 18% in low-income countries.
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“But on the bright side, AI also offers great potential to be a complementary tool to increase the productivity of existing jobs and even create new jobs and new industries,” the statement said.
The FSA said wealthier economies tend to be better positioned to introduce AI than lower-income countries.
“Most emerging market and low-income countries have a lower share of high-skilled jobs than advanced economies and therefore will be less affected and experience less direct disruption from AI,” the report said.
“At the same time, many of these countries lack the infrastructure and skilled workforce needed to harness the benefits of AI, which could exacerbate inequalities between countries,” the report added.
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