According to a UN report, the AI market may swell to $4.8 trillion by 2033, with profits likely concentrated among a few major players. The resulting inequality could disadvantage developing nations, as benefits from AI-driven automation tend to favor capital over labor. The report indicates that 40% of jobs could be affected by AI, leading to significant shifts in the labor market. The UN stresses the need for developing countries to engage in discussions on AI regulations and ethical considerations to ensure they are not sidelined in this rapidly evolving digital landscape.
The UN warns that the benefits of AI-driven automation often favor capital over labor, potentially increasing inequality and affecting competitive advantages in developing nations.
Despite the AI market's projected growth to $4.8 trillion by 2033, its wealth could be concentrated among a few players, exacerbating global inequality.
AI could affect 40% of jobs, but also create new opportunities and empower workers, contingent upon investments in training and skill development.
To avoid leaving developing countries behind, it is crucial for them to participate in discussions regarding AI rules and ethics.
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