AI Must Work for People, Not Leave Them Behind, Says World Bank

Report Summary

World Bank President Ajay Banga warned that 1.2 billion young people will enter the global labour market over the next decade while only about 400 million jobs are expected to be created, creating a major employment challenge. He emphasized that AI and technology must benefit people, especially in developing countries, by expanding economic opportunities, strengthening digital infrastructure, and supporting education and MSMEs. The World Bank is working with nations to improve electricity, internet access, and regulatory safeguards to ensure AI-powered technologies are inclusive and create sustainable jobs.