AI - DRIVEN PROFITS CONCENTRATED AT TOP DESPITE WIDESPREAD GLOBAL AI ADOPTION

What happened: A UNCTAD report says AI profits are concentrated among firms that control technology design and intellectual property, even as AI production spans the globe. Why it matters: The report says the AI boom has raised mineral exports from developing countries but has not increased their share of the wealth the supply chain generates. UNCTAD urges developing countries to strengthen local suppliers and skilled labor, noting that entering upper tiers of AI component production is very difficult due to capital needs and geopolitical barriers.

A UNCTAD report says AI profits are concentrated among firms that control technology design and intellectual property, even as AI production spans the globe.

The report says the AI boom has raised mineral exports from developing countries but has not increased their share of the wealth the supply chain generates. UNCTAD urges developing countries to strengthen local suppliers and skilled labor, noting that entering upper tiers of AI component production is very difficult due to capital needs and geopolitical barriers.