The World Bank’s Post

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Is #AI a dystopian nightmare for the developing world, eliminating jobs and confirming biases? Or could it lead to a brighter future, solving critical development issues? 🎙️Listen to the #DevelopmentPodcast episode to learn more: http://wrld.bg/FkkK50Sref4

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AI's integration in #development and #finance highlights both opportunities and challenges. Its potential to create well-paid jobs and address economic gaps is immense, but we must ensure ethical deployment and mitigate risks like #AIbias and the digital divide. Sustainable, inclusive growth through AI is achievable with balanced, thoughtful approaches. #Future #Digital #Equity

Javier Rey

CEO & Founder / HEMISPHERE Professional Translation Services & Language Consultancy

2w

The impact of AI on the developing world is multifaceted and can be both positive and negative. For mitigating negative impacts is necessary policy and regulation, governments and international bodies need to develop policies that promote equitable access to AI technologies and protect against exploitation and bias, encouraging the development and use of AI in ways that are ethical and socially responsible. In the same way, implementing widespread training programs to help workers transition into new roles created by AI advancements, investing in science, technology, engineering to prepare the next generation. Other actions can be necessary, enhancing internet and technological infrastructure to ensure wider access to AI tools and benefits, encouraging and funding local AI innovations to address specific regional challenges and needs. In summary, AI has the potential to bring significant benefits to the developing world, but it also poses substantial risks. Balancing these aspects requires thoughtful policy-making, investment in education and infrastructure, and a commitment to ethical AI practices.

Albert Merkel

Development design adviser

2w

AI is already well established in the working world. It’s results are demonstrated in the changinfpf fast food industry, the sorting and transport indusrry, manufacturing, and with farm equipment. The resulting reduction of labor, increase in quality, and reliability is vert easy to document.

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Dominic Orr

Senior Advisor digital transformation / head of product atingi & capacity building for policymakers at GIZ Germany & adj. Prof. for Educational Management, Nova Gorica University

1w

Fully agree. And to get to the potentials to minimise the risks we need excellent peer exchange and training programmes to help policymakers and business leaders develop agile regulations and smart business models. The scale up of Smart Africa Digital Academy - SADA is very exciting in this respect.

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Myself ankit singh I m from india I have done my liver transplant surgery.my mother was my doner.we both are felling well. But now I have no money to continuous medicine expenses for living. I am unable to do work or jobs.Neither I have medicine nor besic needs.plz help us. 919457432532 [email protected]

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Technology & Automation will reduce jobs. Populated countries will have to plan well how you use AI and have jobs 😴

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Audrey Knight

Nework Adminsrator at World Bank Group

2w

I agree!

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Etefa Abetu

Corporate Finance Department Head at MCG CONSTRUCTION PLC

2w

Good to know!

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👏🏽👏🏽👏🏽👏🏽👏🏽

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