Will AI Solve The World's Inequality Problem – Or Make It Worse?

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Will AI Solve The World's Inequality Problem – Or Make It Worse?
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Bernard Marr is a world-renowned futurist, board advisor and author of Generative AI in Practice: 100+ Amazing Ways Generative Artificial Intelligence is Changing Business and Society. He has written over 20 best-selling and award-winning books and advises and coaches many of the world’s best-known organisations.

We are standing on the cusp of a new technological revolution. AI is increasingly permeating every aspect of our lives, with intelligent machines transforming the way we live and work.

On the other hand, others believe that AI will exacerbate the problems faced by many of the world’s poorest and least advantaged, further funneling access to wealth and resources to the few. Put together, there are clearly numerous reasons it’s right to worry that AI might not actually be the greatest leveler. But what about the other side of the coin?The crux of this argument is that AI’s great promise of increasing efficiency could ultimately lead to a reduction in the cost of many of the

Take insurance, for example, which is based on the principle that many people pay a small amount to ensure that everyone is protected from the cost of major misfortune. As we can see, as well as the potential for AI to exacerbate inequality, it also has the capacity to create a more equitable society. So - how do we make sure we get it right?Of course, the truth is that no technology is inherently good or bad. Its potential to be beneficial or damaging to society depends entirely on how we choose to use it.

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