Global economy in tug-of-war between oil shock and AI boom: IMF chief

The International Monetary Fund's chief, Kristalina Georgieva, has highlighted a significant shift in the global economy. The growth of artificial intelligence, which initially drove growth in the US, is now spreading to other countries, with them investing in data centres and related infrastructure. This development is creating a new engine for global growth, potentially offsetting the negative impact of rising oil prices.

Why it matters

The IMF chief says AI is becoming a growth engine for the global economy. This could lead to increased investment and job creation in the technology sector.

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