AI May Widen Wealth Gap
AI may accelerate the K-shaped economy, concentrating wealth further
AI COULD WIDEN THE WEALTH GAP AI may accelerate the K-shaped economy, where gains increasingly flow to those already at the top, according to Societe Generale.
While AI could narrow wage gaps by helping less-specialised workers perform more complex tasks, its impact on wealth may be very different.
AI rewards ownership of computing power, models, data and financial assets, potentially concentrating wealth further.
That trend is already visible in the growing dominance of AI winners in stock markets and corporate profits.