The AI Awakening

November 30, 2023--Generative AI has introduced tantalizing new possibilities. Yet the initial excitement surrounding AI has given way to genuine and growing concerns. This issue is an early attempt to understand AI's implications for growth, jobs, inequality, and finance.
Full disclosure: This issue of Finance & Development was produced entirely with human intelligence.

But someday soon at least parts of this magazine may be assisted by artificial intelligence-a topic that has dominated global discourse since ChatGPT's introduction one year ago.

Generative AI has introduced tantalizing new possibilities in both the public and private spheres. Think how these "machines of the mind" can improve health care diagnoses, close education gaps, tackle food insecurity with more efficient farming, drive planetary exploration-not to mention eliminate the drudgery of work.

Yet the initial excitement surrounding AI has given way to genuine and growing concerns-including about the spread of misinformation that disrupts democracy and destabilizes economies, threats to jobs across the skills spectrum, a widening of the gulf separating the haves and have-nots, and the proliferation of biases, both human and computational.

Infographic-G20 Inflation Tracker: July

September 4, 2025--Key Highlights:
Argentina and Turkey remain outliers, with inflation at 36.6% and 33.5%-the highest in the G20 despite some cooling.
The United States held steady at 2.7%, lower than expected even amid tariff pressures.
The United Kingdom saw inflation climb to 3.8%, running hotter than market forecasts.

How Stablecoins and Other Financial Innovations May Reshape the Global Economy

September 4, 2025--Policymakers will need to achieve a difficult balance between benefits and risks while safeguarding both individual consumers and financial stability
Three years ago, Finance & Development devoted a full issue to anticipating "The Money Revolution," driven by innovations in finance, such as crypto assets. That revolution is now unfolding.

Finance Changed, Risks Didn't

September 4, 2025--New technologies are rewiring liquidity, payments, and economic stability
More than 15 years after the global financial crisis,the banking and financial system looks safer. But it's also evolving in ways that are reshaping who provides liquidity,how money moves,and risks to economic and financial stability. As a result,the next shock may begin not in a bank,but in the new infrastructure underpinning the system.