Generative AI for Long-Term Advancement II

Generative AI for Long-Term Advancement II EXECUTIVE SUMMARY This policy insight highlights the impact of generative Artificial Intelligence (AI) on various sectors of the African economy and identifies some of the factors limiting the responsible adoption and growth of this technology in Africa. [...] The increasing level of advancement of AI has significantly impacted the functionality of societies and economies, thus prompting extensive debates over the advantages and disadvantages of AI for society and humanity as a whole.1 There have been substantial developments in various sectors of the global economy since the advent of AI. [...] It is pivotal to the success of many sectors in the African economy today due to its undeniable usage in the healthcare sector, agriculture, and education sector, among others.2 6 Hence, generative AI has proved to be a necessary tool for the advancement and growth of the African economy. [...] Nonetheless, despite the global reach of the AI supply chain, the benefits of these technologies have not been widely obtained in the African region and are, instead, primarily accrued to the Big Tech companies of the Global North and China.27 While the adoption and effects of AI technologies can vary across different countries and sectors, here are some aspects of Africa's economy that have be im. [...] In addition, regular assessments of the application of generative AI in Africa should be conducted to assess its economic, social, and ethical impact on the economy and to ensure that they align with the development goals of Africa.