Onctad: The economic benefit of artificial intelligence is enormous, but "It must be shared"

2025/04/03 7:05:22 PM

2 minutes read

Geneva, April 3 / WAM / The United Nations Trade and Development Organization expected that the artificial intelligence market would reach $ 4.8 trillion by 2033.

Rebecca Greenspan, Secretary -General of UNCTAD, said the economic benefit of artificial intelligence is huge, but it must be shared.

“Onctad” said in a statement today in Geneva that less than a third of the developing countries of the world have strategies for artificial intelligence and 118 countries that lack representation in the governance of artificial intelligence, which limits global totalitarianism.

“Onctad” urged developing economies to invest in the infrastructure of artificial intelligence, its data and skills to harness its full capabilities.

The 2025 “Technology and Innovation and Innovation report”, issued by “UNCTAD”, warned that although artificial intelligence can be an effective tool for progress, it is not comprehensive by its nature and that countries should move through investment in digital infrastructure and capacity building and enhance the governance of artificial intelligence to harness the potential of artificial intelligence to achieve sustainable development.

Rebecca Greensban, Secretary -General of UNCTAD, stressed the importance of ensuring that man is the focus of developing artificial intelligence, and called for stronger international cooperation to convert the focus from technology to humans and enable countries to participate in creating a global framework for artificial intelligence.

The report said that only 100 companies, most of them in the United States and China, represent 40%of international companies spending on research and development.

He pointed out that the market value of the leading giant technology companies such as Apple, Enveria and Microsoft is about 3 trillion dollars, which competes with the gross domestic product of the entire African continent.

He stated that artificial intelligence can affect 40% of jobs around the world, which achieves gains in productivity, but it also raises concerns about automation and the demobilization of workers.

The report stated that nevertheless, the role of artificial intelligence is not limited to replacing jobs, but it can also establish new industries and empower workers.

The report said that the strategic location in the fields of infrastructure, data and skills are areas that will determine the extent of countries’ ability to adopt artificial intelligence effectively and enhance local innovation and align its development with their social and economic needs.