World Bank says ‘small AI’ could transform developing countries

The World Bank is urging developing countries to adopt "small AI" models, which can run on low-connectivity mobile phones, to speed up economic development. This technology, according to the Bank's chief knowledge officer, Paschal Donohoe, could potentially transform developing countries by accelerating development from centuries to decades. The idea is to adapt AI to local needs, rather than relying on sophisticated consumer products developed by big tech firms in Silicon Valley. This could have significant implications for economic growth and development in emerging economies.

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The World Bank believes AI can speed up economic development in developing countries. This could lead to increased investment and growth in these economies.

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