AI tools must be adapted to local languages, institutions to work effectively - World Bank

The World Bank urges that artificial intelligence tools must be tailored to local languages and institutions to function effectively. The financial institution highlighted that developing economies have more to gain and less to fear from AI compared to wealthier nations. Contrary to common concerns about widespread job losses, the World Bank projects that one in every six jobs will be enhanced by AI rather than replaced.

This perspective suggests a nuanced view of AI's impact, particularly for emerging economies. The emphasis on adaptation underscores the need for culturally and linguistically relevant AI solutions. Without this localization, the potential benefits of AI might not be fully realized in diverse global contexts.

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developing economies today have more to gain and less to fear from AI than richer ones

The World Bank's assessment points to a significant opportunity for developing nations to leverage AI for economic growth and development. By focusing on job enhancement rather than replacement, the report offers a more optimistic outlook, potentially encouraging greater investment and adoption of AI technologies in these regions.

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one out of every six jobs would be enhanced rather than replaced, as is commonly believed