The United Nations Trade and Development agency has expressed concerns over automation and job displacement that could arise from Artificial intelligence.
The agency projects that AI will reach a market value of $4.8 trillion by 2033, though its benefits are expected to remain concentrated in certain areas.
In a report released on Thursday, UNCTAD noted that this AI market cap would be roughly equivalent to the size of Germany’s economy, highlighting the technology’s potential to boost productivity and drive digital transformation.