Cities aren’t even close to being ready for the AI revolution – Axios

Globally, no city is even close to being prepared for the challenges brought by AI and automation. Of those ranking highest in terms of readiness, nearly 70% are outside the U.S., according to a report by Oliver Wyman.

Why it matters: Cities are ground zero for the 4th industrial revolution. 68% of the world's population will live in cities by 2050, per UN estimates. During the same period, AI is expected to upend most aspects of how those people live and work.

The big picture: Many cities are focused on leveraging technology to improve their own economies such as becoming more efficient and sustainable "smart cities" or attracting companies to compete with Silicon Valley.

What they found: No city or continent has a significant advantage when it comes to AI readiness, but some have parts of the recipe.

By the numbers: Here are the survey stats that stood out.

Cities to watch:

Reality check: Cities can't deal with the repercussions of AI on their own. National and regional governments will also have to step in with policy strategies in collaboration with businesses.

Go deeper: See how your city measures up

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Cities aren't even close to being ready for the AI revolution - Axios

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