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AI could widen the wealth gap, experts say

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
If left unchecked, corporations driven by profit incentives may develop AI in ways that concentrate wealth and power at the top. However, Isenberg believes that if governments can
The article from MSN discusses the potential of artificial intelligence (AI) to exacerbate the wealth gap, as highlighted by various experts. AI technologies, while promising efficiency and innovation, could disproportionately benefit those who already have access to resources, education, and capital. Experts like Daron Acemoglu from MIT suggest that AI might automate jobs traditionally held by middle and lower-income workers, potentially leading to job displacement without equivalent opportunities for retraining or upskilling. This automation could lead to wealth concentration among AI developers, tech companies, and investors. Furthermore, the article points out that AI systems might perpetuate existing biases if not carefully managed, affecting marginalized communities more adversely. There's also a discussion on how AI could be used to enhance productivity in high-income sectors, further widening the economic divide. However, some experts argue that with proper policy interventions, AI could also be directed towards creating more inclusive economic growth, though this requires proactive measures from governments and corporations.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/ai-could-widen-the-wealth-gap-experts-say/ar-AA1zhNMd ]