Fiscal policy has a"major role to play" in broadening the financial gains from generative AI technology and preventing a spike in wealth inequality, the IMF has said.
The technology forms the core of chatbots including Microsoft's Copilot, Google's Gemini, and OpenAI's ChatGPT. "Fiscal policy has a major role to play in supporting a more equal distribution of gains and opportunities from generative-AI," IMF staff wrote in a blog post published to accompany the new paper.
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