UN Report: AI Impact Could Worsen Gaps Between World's Rich and Poor

ILLUSTRATION - 19 January 2021, North Rhine-Westphalia, Oberhausen: Woman working on a laptop. Photo: Fabian Strauch/dpa/dpa-tmn
ILLUSTRATION - 19 January 2021, North Rhine-Westphalia, Oberhausen: Woman working on a laptop. Photo: Fabian Strauch/dpa/dpa-tmn
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UN Report: AI Impact Could Worsen Gaps Between World's Rich and Poor

ILLUSTRATION - 19 January 2021, North Rhine-Westphalia, Oberhausen: Woman working on a laptop. Photo: Fabian Strauch/dpa/dpa-tmn
ILLUSTRATION - 19 January 2021, North Rhine-Westphalia, Oberhausen: Woman working on a laptop. Photo: Fabian Strauch/dpa/dpa-tmn

Behind the hoopla over the promise of artificial intelligence lay difficult realities, including how such technology might affect people already disadvantaged in a data-driven world.

A new report by the United Nations Development Program notes most of the gains from AI are likely to be reaped by wealthy nations unless steps are taken to use its power to help close gaps in access to basic needs, as well as such advanced know-how.

The report released Tuesday likens the situation to the “Great Divergence” of the industrial revolution, when many Western countries saw rapid modernization while others fell behind, The Associated Press reported.

Questions over how companies and other institutions will use AI are a near universal concern given its potential to change or replace some jobs done by people with computers and robots.

But while much of the attention devoted to AI focuses on productivity, competitiveness and growth, the more important question is what it will mean for human lives, the authors note.

It’s an issue for communities where most people are still struggling to access skills, electric power and internet connectivity, for older people, for people displaced by war, civil conflict and climate disasters. At the same time, such people may be “invisible” in data that will not take them into account, the report said.

“As a general-purpose technology, AI can lift productivity, spark new industries, and help latecomers catch up,” the report says.

Better advice on farming, analysis of X-rays within seconds and faster medical diagnoses, more effective weather forecasts and damage assessments hold promise for rural communities and areas prone to natural disasters.

“AI systems that analyze poverty, health, and disaster risks enable faster, fairer, and more transparent decisions, turning data into continuous learning and public value,” it says.

Still, even in wealthy nations like the United States, the potential for data centers to devour too large a share of electricity and water has raised concerns.

Ramping up power generation to meet higher demand may hinder progress in limiting the emissions of carbon from burning fossil fuels that contribute to global warming, while also causing health hazards.

The technology raises ethical, privacy and cybersecurity concerns: researchers have found hackers using AI to automate portions of cyberattacks. There also is the problem of deepfakes that can misinform or facilitate criminal activity.

Asian nations including China, Japan, South Korea and Singapore are well placed to take advantage of AI tools, the report notes, while places like Afghanistan, the Maldives and Myanmar lack skills, reliable power and other resources needed to tap into the computing potential of AI. Inequalities between regions within countries mean some places even in advanced economies are prone to be left behind.

About a quarter of the Asia-Pacific region lacks online access, the report says. If such gaps are not closed, many millions may be excluded from the kinds of devices, digital payment systems, digital IDs and education and skills that are required to participate fully in the global economy. They may be “stranded on the wrong side of an AI-driven global economy," it says.

Other risks include misinformation and disinformation, surveillance that violates rights to privacy and systems that can act as “black boxes,” reinforcing biases against minorities or other groups. So transparency and effective regulations are crucial guardrails for ensuring AI is used in fair and accountable ways, it says.

“AI is becoming the region’s next essential infrastructure, like power, roads, and schools, with faster upsides and sharper risks,” the report says, urging governments to invest more in providing digital infrastructure, education and training, fair competition and social protections.

“The goal," it says, "is to democratize access to AI so that every country and community can benefit while protecting those most at risk from disruption.”



Trump Media to Merge with Nuclear Fusion Company that Wants to Power AI

FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York.  (AP Photo/John Minchillo, File)
FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)
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Trump Media to Merge with Nuclear Fusion Company that Wants to Power AI

FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York.  (AP Photo/John Minchillo, File)
FILE - The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.

Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.

The combined company says it plans to find a site and begin construction next year on the “world’s first utility-scale fusion power plant,” with aims to provide the electricity needed for artificial intelligence.

Shares of Trump Media & Technology, the parent company of President Donald Trump's Truth Social media platform, have tumbled 70% this year but jumped 20% before the opening bell Thursday.

Backed by Google and other investors, TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.

“We’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations," The Associated Press quoted Nunes as saying in a prepared statement.

TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy, a process that occurs on the sun and other stars, according to the United Nations' International Atomic Energy Agency. It's been seen as a promising solution to climate change caused by burning fossil fuels, but one that is a long way off compared to today's clean technologies like wind and solar.

TAE and Trump Media shareholders will each own approximately 50% of the combined company.

Trump is by far the largest stakeholder in Trump Media, owning 41% of all outstanding shares.

In October, the US Department of Energy released what it called a “roadmap” for fusion technology, with the aim of fostering “a burgeoning fusion private sector industry in the US toward maturity on the most rapid timeline.”

A number of tech companies, including Google, Microsoft and OpenAI CEO Sam Altman, have shown interest in fusion technology as a way of powering the energy-hungry data centers needed to build and run their AI products.

TAE and Trump Media say the transaction values each TAE common stock at $53.89 per share.

At closing, Trump Media & Technology Group will be the holding company for Truth Social and TAE, along with its subsidiaries TAE Power Solutions and TAE Life Sciences.


Brazil to Get Satellite Internet from Chinese Rival to Starlink in 2026

Brazil's new Chief of Staff of the Presidency Rui Costa attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado
Brazil's new Chief of Staff of the Presidency Rui Costa attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado
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Brazil to Get Satellite Internet from Chinese Rival to Starlink in 2026

Brazil's new Chief of Staff of the Presidency Rui Costa attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado
Brazil's new Chief of Staff of the Presidency Rui Costa attends a ministerial meeting at the Planalto Palace in Brasilia, Brazil January 6, 2023. REUTERS/Adriano Machado

Chinese low Earth orbit satellite company SpaceSail will start providing internet access to remote areas in Brazil in the first half of 2026, President Luiz Inacio Lula da Silva's chief of staff, Rui Costa, said on Wednesday, Reuters reported.

SpaceSail and Brazil's state-owned telecom Telebras had signed a memorandum of understanding in late 2024 to offer satellite internet services for schools, hospitals and other essential services in the South American country.

SpaceSail competes directly with Elon Musk's Starlink in the satellite internet market.


Google Launches First Ever Co-branded Credit Card in India

FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
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Google Launches First Ever Co-branded Credit Card in India

FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo
FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, US, May 13, 2025. REUTERS/Carlos Barria/File Photo

Alphabet Inc's Google Pay launched its first co-branded digital credit card in India on Wednesday in partnership with Axis Bank, intensifying efforts to monetize its massive user base in the country's crowded fintech sector.

WHY IT'S IMPORTANT

While Google Pay is a dominant player in India's popular domestic payments network, the Unified Payments Interface (UPI), its core service generates zero revenue from user-to-user payments due to government mandates. It, however, earns commissions for in-app services like bill payments and mobile recharges, Reuters reported.

The credit card launch opens a new avenue for Google to monetize its user base, mirroring strategies by domestic rivals Paytm and PhonePe to cross-sell lending products to payment users.

BY THE NUMBERS

India has just 50 million credit card holders, according to Google Pay, whereas its population exceeds 1.4 billion.

Google Pay meanwhile is the second top app in India by number of UPI transactions, having processed nearly 7.2 billion transactions in October alone.

HOW IT WORKS

Axis Bank manages the credit risk and issuance, while the digital-only card will be linked to the Google Pay app to make online and offline payments on the go.