At this week's Spring Meetings of the world's finance ministers and central bankers at the IMF/World Bank, I delivered 𝗳𝗼𝘂𝗿 𝗺𝗲𝘀𝘀𝗮𝗴𝗲𝘀 to economic policymakers in the face of rapid advances in #GenerativeAI.

imfconnect.org/content/imf/en… (my talk is at 5:20)

1. 𝗘𝗺𝗯𝗿𝗮𝗰𝗲 these tools to reap 𝗹𝗮𝗿𝗴𝗲 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗴𝗮𝗶𝗻𝘀 -- both in your organizations and in your countries - examples here 👇

https://twitter.com/akorinek/status/1625138092406460419

2. These tools will give rise to a 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗯𝗼𝗼𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗮𝗻𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 in coming years

3. But 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗶𝗼𝗻𝘀 to 𝗹𝗮𝗯𝗼𝗿 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 may be significant, and countries should prepare - see e.g. brookings.edu/research/prepa…

4. Labor market disruptions often spill over into financial markets (as in 1929 when tractors made farmers unemployed and contributed to the banking crisis) - beware of 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆!

Ceterum censeo: given the accelerating pace of progress in AI and the growing risk of misuse, accident & disruption, we need a global governance regime for general-purpose AI! @GovAI_

Thanks to Murielle Popa-Fabre @ceu and @landemore for the interesting panel conversation, and @shirinhamid @IMFNews for moderating!