IMF Managing Director Kristalina Georgieva said in Singapore that artificial intelligence is rapidly becoming a key driver of countries’ relative fortunes in the world economy. The IMF estimates that AI could add up to 0.5 percentage points to annual world growth, but benefits remain highly concentrated and risk widening global economic inequality. She also warned that global public debt is near its highest level since World War II and on track to soon exceed 100% of GDP, with advanced economies being the worst offenders. She finally noted that financial stability risks linked to hyperscaler leverage and large holdings of U.S. equities remain underpriced.
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