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IMF, OECD warn AI could widen rich-poor country divide
Artificial intelligence could boost global growth, but poorer countries, smaller companies and younger workers risk missing out unless access to power, digital infrastructure and skills improves, according to officials from the IMF and OECD. The warning comes as massive investment in chips and AI infrastructure has helped support global growth and drive stock markets to record highs, while raising concerns about whether companies can generate sufficient returns on large spending commitments as borrowing costs rise. “For many developing economies, the critical question is whether they can adopt...
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