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World Bank warns of AI concentration as it lifts East Asia growth outlook
Original: World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank has raised its growth forecast for East Asia and the Pacific to 4.5%, while issuing a warning about the risks of economic power concentrating around artificial intelligence. The Bank cautioned that AI-driven gains could be concentrated in a small number of firms and economies, widening inequalities across developing nations in the region even as overall growth prospects improve.
Why now: The World Bank's combined growth upgrade and AI concentration warning has drawn attention as policymakers weigh AI's uneven economic impact.
World BankEast AsiaPacificartificial intelligence
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- World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5% · CNBC
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