IMF chief Kristalina Georgieva said the rapidly advancing technological revolution unleashed by AI was dominated by advanced economies, with the U.S. having the lion’s share.
Some emerging markets also had capability in the sector, including China, but developing countries were lagging far behind and less able to tap into the potential of the technological revolution.
Speaking with civil society groups on the first day of the annual IMF and World Bank meetings, Georgieva said the IMF was “quite worried” that the gap between advanced economies and low-income countries on readiness for AI was growing and making it harder and harder for developing countries to catch up.
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