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IMF says AI investment keeps global growth around 3% but brings massive disruption
BANGKOK: Strong investment in AI infrastructure is keeping global growth at around 3% with major benefits for Asia, but also foreshadows a “slow-moving tsunami” that could massively disrupt labor markets, taxation and education, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. The artificial intelligence investment boom was already delivering a “demand shock, an investment shock” that could boost growth in advanced Asian economies by a half to one full percentage point, and emerging Asian economies by 0.2 to 0.8 percentage point, she said. “AI, love it, hate i...
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