IMF boss warns AI boom could widen global inequality

Imf chief Kristalina Georgieva warned that the rapid growth of artificial intelligence could widen global inequality by leaving some nations behind. Addressing the International Monetary Fund's annual meetings in Singapore, Georgieva highlighted that AI investment is outpacing growth in traditional infrastructure sectors. She emphasized the need for cooperative action and self-interest to ensure global participation in the AI economy.

Georgieva also cautioned about mounting government debt, driven by rising inflation and interest rates, and a lack of decisive policy action in heavily indebted advanced economies. She urged policymakers to take tough measures, protect the vulnerable, and pursue structural reforms to balance short-term pain for long-term growth.