W’Bank urges developing nations to accelerate AI adoption

The World Bank has urged developing countries to accelerate the adoption of artificial intelligence (AI) to help lift economic growth, improve public services, and enable poorer nations to achieve significant progress in a decade what might otherwise take a century. In its World Development Report titled "The Promise of Artificial Intelligence," the lender emphasizes that developing economies must move quickly to close gaps in electricity, internet connectivity, computing capacity, digital skills, and institutional quality to fully benefit from AI.

While concerns over AI have largely focused on job losses in advanced economies, the report found that workers in developing countries face a much lower risk of automation, with only 4.5% of existing jobs vulnerable to automation by generative AI compared to 14.2% in high-income economies. Instead, AI is expected to complement workers in developing economies, with about 16.2% of jobs projected to experience significant productivity gains.

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