Artificial Intelligence is making the global wealth gap even worse

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Artificial Intelligence (AI) is likely to threaten nearly 400-800 million jobs by 2030, as per a McKinsey report. But while job losses due to AI are just gaining pace, the disruptive technology is already widening the global wealth gap. According to a new Oxfam report, billionaire wealth increased three times faster in 2025 than the average annual rate over the previous five years. 

This period coincided with the AI-fueled stock market boom in the US. At least five of the ‘Magnificent Seven’ giants in the US – Nvidia, Microsoft, Meta, Alphabet…



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Artificial Intelligence is making the global wealth gap even worse


Artificial Intelligence (AI) is likely to threaten nearly 400-800 million jobs by 2030, as per a McKinsey report. But while job losses due to AI are just gaining pace, the disruptive technology is already widening the global wealth gap. According to a new Oxfam report, billionaire wealth increased three times faster in 2025 than the average annual rate over the previous five years. 

This period coincided with the AI-fueled stock market boom in the US. At least five of the ‘Magnificent Seven’ giants in the US – Nvidia, Microsoft, Meta, Alphabet…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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