World Bank urges developing countries to build 'small AI' models

The World Bank is pushing developing countries to create "small AI" models that run on a phone with low connectivity and in local languages. It says such tools could compress economic development from centuries into decades.

• Small AI uses narrow, purpose-specific models trained on specialised datasets
• Models should run on phones with weak connectivity and in local languages
• The bank mobilised $120bn of private capital in the past year via guarantees
• IMF: up to 40% of jobs worldwide may be augmented or eliminated by AI