Bangladesh turning around overcoming economic challenges: Salman F Rahman
“However, artificial intelligence technology may pose a threat to development in future,” he said while speaking at a special meeting of the World Economic Forum in Riyadh, Saudi Arabia on Monday (29 April).
Prime Minister's Private Industry and Investment Adviser Salman F Rahman has said Bangladesh's economy is rebounding after overcoming the challenges stemming from the Russia-Ukraine conflict and the pandemic.
"However, artificial intelligence technology may pose a threat to the country's development in future," he said while speaking at a special meeting of the World Economic Forum in Riyadh, Saudi Arabia on 29 April.
At the meeting, world leaders advocated for the equitable distribution of technology worldwide, extending beyond solely developed nations. They also discussed global cooperation, economic growth, and energy policies.
Keep updated, follow The Business Standard's Google news channel
Emphasising Bangladesh's achievements across diverse sectors, Salman F Rahman said the country's development persisted even during the pandemic.
"However, the economic repercussions of the Russia-Ukraine conflict have posed challenges for the country, including declining forex reserves and the appreciation of the dollar against the taka," he said, adding that despite Bangladesh's non-involvement in the Ukraine conflict, it bears the brunt of its consequences.
Speaking about the use of robots and artificial intelligence in industries, Salman said, "Excessive use of technology can potentially pose threats to human beings. However, sharing technological capabilities can yield benefits for the entire world."
The unprecedented advancements in technology are worsening the gap between the developed and underdeveloped nations, he said, adding that investors are also directing their investments towards opportunities with high-profit potential.
In this context, Larry Fink, chairman and CEO of BlackRock, an American multinational investment management corporation, said investors in developed countries are allocating funds towards various social and environmental development initiatives, rather than solely prioritising profit.
For instance, he mentioned that investors are supporting projects such as the installation of solar power plants in Kenya, Thailand, and various South American countries.
