AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says

AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says

Artificial intelligence could boost Sub-Saharan Africa's economy by about 4% over the next decade with better ‌electricity supply, internet access and digital skills, an International Monetary Fund paper showed on Tuesday, but without such reforms the growth dividend could be negligible.

AI could add 4% to Nigeria, sub-Saharan Africa's GDP, says IMF

The IMF reports that AI could add 4% to Nigeria and sub-Saharan Africa’s GDP over the next decade with strategic investment in digital infrastructure and s Read More: https://punchng.com/ai-could-add-4-to-nigeria-sub-saharan-africas-gdp-says-imf/

Africa must act now to avoid falling behind in AI race, IMF warns

The International Monetary Fund (IMF) has urged sub-Saharan African countries to accelerate investments in electricity, broadband infrastructure, digital skills and AI governance, warning that the region risks missing out on the transformative benefits of artificial intelligence if it fails to act quickly. In a new analysis titled “Africa Can Grow Faster With AI—If It Moves […] The post Africa must act now to avoid falling behind in AI race, IMF…

IMF says AI could add 4% to Sub-Saharan Africa's economy if power and internet improve

AI could lift Sub-Saharan Africa’s economy by about 4 percent over the next decade, according to an IMF paper published on Tuesday, but only if governments fix electricity, internet access, and digital skills first. The IMF believes that without these reforms, any gains from an AI boom will shrink to almost nothing. A 4% upside or basically nothing Countries that upgrade infrastructure and train workers in AI-related skills stand to gain about 4…

IMF Warns Africa’s AI Growth Dividend Could Fall To Just 0.2%

Sub-Saharan Africa could derive almost no meaningful economic benefit from artificial intelligence over the next decade unless governments address persistent electricity, internet and digital-skills deficits, according to an International Monetary Fund study. The IMF estimates that AI could increase the region’s economic output by approximately 4 percent over ten years if countries improve their digital […] The post IMF Warns Africa’s AI Growth …

IMF: AI could lift Sub-Saharan Africa's economy by 4% over next decade

Sub-Saharan Africa could boost its economy by about 4% over the next decade through artificial intelligence, a new International Monetary Fund paper has found. The post IMF: AI could lift Sub-Saharan Africa’s economy by 4% over next decade appeared first on Nairametrics.