The digital money race is on, but who is really winning? Although Central Bank Digital Currencies (CBDCs) promise a new financial dawn, the reality might be very different. This article delves into why internet banking is poised to continue its dominance.
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Across the Caribbean region, Universal Service Funds have been crucial instruments to increase basic internet access in underserved communities and among marginalised groups. However, as the concept of digital inclusion has evolved to include meaningful connectivity and empowering individuals and communities to fully participate in and benefit from the increasingly digital world, can Universal Service Funds evolve to bridge that gap?
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As much as we enjoy the efficiencies arising from using generative AI, we continually have to be aware of the flaws inherent in the technology, the most glaring of which is bias that can result in a broad range of harms. We discuss the impact of the bias on society and outline steps Caribbean countries can take to begin to regulate AI.
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The narrative surrounding Artificial Intelligence (AI) often centres on its transformative power for economic growth. We hear of its potential to revolutionise industries, enhance productivity, and drive innovation across sectors such as agriculture, manufacturing, and finance. Although this focus is understandable, particularly in the context of developing countries striving for economic advancement, it risks overshadowing an equally crucial and perhaps more profound potential: AI’s ability to address pressing societal challenges and foster inclusive development.
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Back in the day, a well-worn catchphrase was, “There’s an app for that.” These days, there seem to be similar sentiments about AI: using AI will improve virtually everything. But is that the case? We highlight situations where it might be prudent not to use or rely on AI.
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