IMF Warns of Economic Divide Due to Artificial Intelligence

Officials from the IMF and OECD warned that artificial intelligence could widen the gap between rich and poor countries. This comes as massive investments in semiconductor technology support global growth, raising questions about companies' ability to achieve sufficient returns on spending for these technologies. The IMF estimates that effective use of AI could add up to 0.5 percentage points to global annual growth. However, evidence suggests that productivity improvements are still far below what forecasts indicate, raising concerns about the technology's effectiveness in driving growth.