AI and Inclusive Growth—Global Report Insights
Context
A new global report outlines a roadmap to ensure that Artificial Intelligence (AI) contributes to inclusive development rather than exacerbating economic and technological inequalities.
Key Highlights
Global AI Landscape
- Market Potential: AI is projected to reach a market value of $4.8 trillion by 2033.
- Job Impact: AI could impact 40% of jobs worldwide, offering productivity gains but also raising concerns over automation and job loss.
Disparity in AI Leadership
- Corporate Dominance: Just 100 firms, mostly from the US and China, account for 40% of global corporate R&D in AI.
- Investment Imbalance: The United States alone contributes 70% of the world’s private investment in AI technologies.
Significance
- This report calls for proactive policy-making and international equity in AI development, especially for Global South nations, to prevent digital colonialism and enable shared economic progress.
Way Forward: Towards Inclusive AI
Localized AI in Developing Nations:
- Redesign AI tools based on local digital infrastructure
- Lower skill barriers and promote accessibility
- Foster global cooperation and partnerships
Worker-Centric AI Approach:
- Reorganize job roles to integrate AI with human work
- Focus on task-level automation rather than job-level displacement
Government’s Role: Assess national AI capacity across three key leverage areas:
- Infrastructure
- Data availability
- Skilling & education
(Prelims Question)
Q. With reference to the global report on AI and inclusive growth, consider the following statements:
- The report estimates that AI could impact nearly 40% of global jobs.
- Over 70% of global private AI investment comes from China.
- The report recommends a worker-centric approach and localised AI solutions for developing nations.
Which of the statements given above is/are correct?
A. 1 and 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 1, 2 and 3
Answer: B. 1 and 3 only
Note: Statement 2 is incorrect—it is the United States, not China, that accounts for 70% of global AI private investment.
