IMF: AI could worsen income inequality

Artificial Intelligence

Experts try to sculpt frameworks for ensuring AI is used for positive purposes. PHOTO | SHUTTERSTOCK

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The International Monetary Fund (IMF) has warned that the growing proliferation of artificial intelligence (AI) could worsen global and national income inequality rates.

In a staff discussion paper exploring the impact that the rapidly growing technology will have on the future of work, the lender finds that AI will impact both workers and countries differently, potentially widening the inequality gap both between and within nations.