The head of the International Monetary Fund warned: the risks of artificial intelligence may exceed its opportunities
Kristalina Georgieva, head of the International Monetary Fund, said that if adequate safeguards and an appropriate ethical framework for artificial intelligence are not put in place, the risks of this technology may outweigh its opportunities.
Kristalina Georgieva, head of the International Monetary Fund, said that if adequate safeguards and an appropriate ethical framework for artificial intelligence are not put in place, the risks of this technology may outweigh its opportunities.
According to Ambassador Arjan, Reuters wrote: Artificial intelligence was the main topic of this week's annual meetings of the International Monetary Fund and the World Bank in Bangkok. The fund has previously warned of risks to economic growth and financial stability posed by the end of the artificial intelligence investment boom, high debt and prolonged war in the Middle East.
Artificial intelligence is already helping to boost the global economy, Georgieva said at an expert meeting, but it could cause negative shocks if the expected productivity gains don't materialize quickly.
"If safeguards are not in place, the risks may outweigh the opportunities," he said. "Most importantly, we need a moral foundation, and I'm not sure our society has reached that yet."
Joachim Nagel, head of the German central bank, also warned that artificial intelligence may increase global economic inequalities; Especially considering the huge investments required for hardware and software development.
Georgieva emphasized that access to digital infrastructure, electricity and proper regulations are prerequisites for people around the world to benefit from this technology.
Jack Clark, one of the founders of Anthropic, also called for the development of reasonable and common standards, saying that these standards are necessary to build trust in technology and strengthen the economy.
Danny Roderick, an economist at Harvard University, cautioned that it is not yet clear to what extent AI's productivity benefits will be realized. According to him, the realization of these benefits can be associated with the extensive elimination of jobs; But if these promises don't materialize, heavy investment in data centers could lead to a costly correction of financial markets.