Khaberni - Kristalina Georgieva, the Managing Director of the International Monetary Fund, said on Monday that countries around the world lack the necessary regulatory and ethical foundations to deal with the rapid advancement of artificial intelligence, and urged civil society organizations to "ring the alarm bell".
Georgieva added that the accelerating technological revolution spurred by artificial intelligence is dominated by advanced economies, with the United States holding the largest share.
She continued that some emerging markets have capabilities in this sector, including China, but developing countries are far behind and less able to take advantage of the technological revolution, according to "Reuters".
In her conversation with civil society organizations on the first day of the annual meetings of the International Monetary Fund and the World Bank, Georgieva stated that the International Monetary Fund is "very concerned" about the widening gap between advanced economies and low-income countries in terms of readiness for artificial intelligence, which makes it difficult for developing countries to catch up.
Georgieva's comments came days after she warned that financial market assessments are headed toward levels not seen since the optimism period associated with the rise of the Internet 25 years ago, based on hopes of artificial intelligence, although a sudden shift in sentiment could slow global growth, making life very difficult for developing countries.
She stated that the International Monetary Fund urges developing countries and emerging markets to focus on the basic first condition for success, which is to expand digital infrastructure and develop digital skills.
She added that the International Monetary Fund has developed an artificial intelligence readiness index that assesses countries' preparedness for new technology in four areas: infrastructure, workforce and skills, innovation, and regulation and ethics.
She said: "Where the world falls short is in regulation and ethics," adding: "The ethical regulatory foundation for the artificial intelligence of our future has not yet taken shape."
She urged civil society organizations to "ring the alarm bell in your countries that standing still means falling behind."
