By Andrea Shalal

WASHINGTON (Reuters) -Countries around the world lack the regulatory and ethical foundation to deal with the rapid advent of artificial intelligence, IMF chief Kristalina Georgieva said on Monday, urging civil society groups to “ring the alarm bells.”

Georgieva said the rapidly advancing technological revolution unleashed by AI was dominated by advanced economies, with the U.S. having the lion’s share. Some emerging markets also had capability in the sector, including China, but developing countries were lagging far behind and less able to tap into the potential of the technological revolution.

Speaking with civil society groups on the first day of the annual IMF and World Bank meetings, Georgieva said the IMF was “quite worried” that the gap between advanced economies

See Full Page