(VitalNews.org) – A new report has rated countries on their ability to incorporate artificial intelligence into their economies. The report was done by the International Monetary Fund, which looked into AI as policymakers believe that it “can benefit all.”
“Under most scenarios,” wrote the IMF, “AI will likely worsen overall inequality, a troubling trend that policymakers can work to prevent. To this end, the dashboard is a response to significant interest from our stakeholders in accessing the index.”
They are able to measure a country’s preparedness for artificial intelligence by looking at digital infrastructure, human capital, and labor market policies, innovation and economic integration and regulation. The Index rates the countries by breaking them into five brackets with a score from zero to one.
The United States and the Netherlands are at the top of the chart with a .77 value. Following this is Finland and Estonia with a .76. New Zealand, Germany, and Sweden all have a .75, and Australia, Japan, and Israel have a .73.
Some of the countries that are more competitive towards the United States were China with a .64, Russia with a .56, and Iran with a .38. The worst ratings were for South Sudan with a .11, Afghanistan with a .13, and Somalia with a .2.
The IMF has said that this data would note that “institutional requirements for economy-wide integration of AI are still uncertain.”
“As the dashboard shows, different countries are at different stages of readiness in leveraging the potential benefits of AI and managing the risks,” they wrote.
A previous analysis from the IMF said that forty percent of global employment will be changed due to the addition of artificial intelligence. However, with countries varying greatly on AI preparedness, this has shown that in some cases, for more economically advanced places, they could see sixty percent of jobs being affected.
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