Report provides a roadmap for ensuring AI (Artificial Intelligence) drives inclusive growth rather than deepening divides.
Key Findings of the Report
- Potential of AI: Globally, AI is expected to reach $4.8 trillion in market value by 2033.
- Impact on jobs: AI could impact 40% jobs worldwide, offering productivity gains along with concerns regarding automation and job displacement.
- Market dominance at National and Corporate Levels:
- 40% of global corporate R&D spending stems from 100 firms mainly in US and China.
- US accounts for 70% of global AI private investment.
Way Forward on Inclusive AI
- Promoting AI Adoption in Developing countries: By redesigning AI solutions around locally available digital infrastructure, lowering the skill barriers; building international partnerships, etc.
- Adopting Worker Centric Approach: Job workflows and tasks should be rearranged to integrate AI effectively.
- Role of the Government: Assessment of the national AI capacities across the three leverage points of infrastructure, data and skills.
India Related Findings
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