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Artificial Intelligence - IMF Topic

Reporter 21
05 Dec, 2024

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Recent advancements in artificial intelligence offer substantial benefits, but there are risks associated with this rapidly evolving technology. The IMF is investigating AI's broader impact on economies and societies by gathering global knowledge through surveillance activities, and by convening key actors to share successful policy responses, foster international consensus and harmonize regulations.

Technological innovation like automation using robots to produce goods and provide services creates tremendous opportunities for businesses. But as the cost of producing robots goes down, is this technology widening the income gap? Economist Arnaud Costinot has been studying technological change and its impact on inequality, and in this podcast, he discusses how a robot tax might help better distribute the benefits of artificial intelligence, or AI technologies. Arnaud Costinot is a Professor of Economics at MIT, and coauthor of Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation. Costinot was invited to present his research at the IMF.

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