Economists have long worried that many of the cutting-edge technologies created in advanced economies will not necessarily benefit developing and emerging economies, owing to vast differences in capital intensity and labor-market conditions. This disconnect could grow even more pronounced in the age of artificial intelligence.
CAMBRIDGE – Although experts disagree about whether artificial intelligence will reach human-like levels anytime soon, few doubt that the field will make major advances in the coming years. In the West, how AI will affect workers is already fueling growing concern, with some warning that millions of jobs will be automated. Yet even if such predictions turn out to be alarmist (or industry hype), increased awareness of AI and its implications suggests that advanced economies will be better prepared for whatever is coming.
CAMBRIDGE – Although experts disagree about whether artificial intelligence will reach human-like levels anytime soon, few doubt that the field will make major advances in the coming years. In the West, how AI will affect workers is already fueling growing concern, with some warning that millions of jobs will be automated. Yet even if such predictions turn out to be alarmist (or industry hype), increased awareness of AI and its implications suggests that advanced economies will be better prepared for whatever is coming.