AI can help developing economies achieve century progress in a decade if governments act now : World Bank

The World Bank has released a report indicating that artificial intelligence possesses the potential to accelerate economic development in emerging nations, suggesting that these economies could achieve a century's worth of progress within a single decade. This projection is contingent upon proactive policy interventions and immediate action by national governments to integrate AI technologies effectively.

The findings emphasize the transformative capacity of AI to bridge developmental gaps. By leveraging these tools, developing countries may be able to bypass traditional industrialization phases, provided that the necessary regulatory and infrastructural frameworks are established to support such rapid technological adoption.