Overview

• The UNCTAD report estimates that artificial intelligence could affect 40% of jobs globally, with advanced economies most exposed to automation risks.
• AI benefits are concentrated among a few corporations, with 40% of global AI R&D spending dominated by 100 firms, primarily in the US and China.
• Developing nations, especially in the Global South, are largely excluded from AI governance discussions, risking further technological and economic divides.
• The AI market is projected to grow from $2.5 trillion in 2023 to $16.4 trillion by 2033, with AI becoming a key driver of economic transformation.
• The UN emphasizes the importance of reskilling, international cooperation, and inclusive governance to ensure AI fosters equitable and sustainable development.