Key facts
- AI could offer developing nations a century of progress in a decade.
- Addressing power, connectivity, and skills gaps is crucial for developing nations to leverage AI.
- The World Bank warns that countries failing to adopt AI risk being left behind.
The World Bank has issued a stark warning to developing nations: embrace artificial intelligence or risk being significantly left behind. According to the institution, AI has the potential to accelerate development in these countries by a century within a single decade, provided they can overcome critical hurdles. These obstacles include ensuring adequate power supply, establishing robust internet connectivity, and developing the necessary skills within their populations. The World Bank emphasizes that failure to address these gaps could result in these nations being excluded from the transformative benefits of AI, exacerbating existing inequalities.