The AI market could grow to as much as $4.8 trillion by 2033, according to a new report from the United Nations Conference on Trade and Development. At the same time, the money is expected to be concentrated among a few players and could increase inequality between countries, CNBC reports.
“The benefits of AI-driven automation often favor capital over labor, which can increase inequality and reduce the competitive advantage of cheap labor in developing countries,” the report’s authors wrote. To ensure developing countries are not left behind, the UN group recommends they be involved in discussions on AI rules and ethics.
In the same report, the UN also warned that AI could affect 40% of all jobs, even as the technology has the potential to create new industries and empower workers — as long as investments are made in training.
