IMF's Georgieva says countries lack regulatory, ethical foundation for A1

By Andrea Shalal

WASHINGTON, Oct 13 (Reuters) - Countries around the world lack the regulatory and ethical foundation to deal with the rapid advent of artificial intelligence, IMF chief Kristalina Georgieva said on Monday, urging civil society groups to "ring the alarm bells."

Georgieva said the rapidly advancing technological revolution unleashed by AI was dominated by advanced economies, with the U.S. having the lion's share. This was opening up a growing gap with developing countries, and it would be difficult for them to catch up.

The biggest shortfall was in regulation and ethics, she told civil society groups at the annual meetings of the International Monetary Fund and World Bank in Washington.