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On the other hand, there is a tangible risk of automation replacing jobs altogether, especially roles involving routine cognitive tasks. This duality necessitates a careful approach—leveraging AI's benefits while mitigating its potential to displace workers.
Inequality in the Wake of AI
A critical concern highlighted in the report is that AI could worsen the already stark divide between wealthy and poorer countries. Wealthier nations are better equipped to harness AI's capabilities due to existing digital infrastructure, fostering higher productivity and economic growth. Conversely, lower-income countries often lack the necessary digital ecosystem, risking a widening global inequality gap.