Artificial intelligence (AI) is often hailed, but the impact of AI on the global income distribution remains highly uncertain, because it could widen income disparities within countries, benefiting skilled workers, displacing jobs with repetitive tasks, and concentrating wealth among those who control the technology. 

In 2023, the United States alone secured $67.2 billion in AI-related private investments, which was 8.7 times more than China, the second-highest country in this regard. This concentration of capital allows these nations to lead in AI innovation, with the US producing 61 notable AI models in 2023……

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