Artificial intelligence is considered a general-purpose technology with the potential to change humans radically. AI can create art, manage your investment portfolio, predict the next mutation of the virus, or even identify early symptoms of the disease.
It is not surprising, therefore, that many countries around the world are racing to harness AI as a way to make their businesses more competitive in export markets and discover new sources of comparative profits. Namely, this should command special interest from role of AI in developing economies, often dependent on exports as an engine of growth but possibly concentrated on just a few goods or commodities.
Much like the diversified investment portfolio is more reliable compared to a single security, diversification for these role of AI in developing economies makes them more resilient to such unforeseen shocks and provides a road to new sources of growth.
