World Bank Chief on AI's Economic Impact

World Bank President Ajay Banga recently joined CNBC's "Squawk Box" to discuss the significant economic implications of artificial intelligence as nations worldwide navigate its increasing presence. The World Bank, founded in 1944, has a core mission focused on ending global poverty and promoting economic prosperity through cooperative international efforts and financial support.

Prior to his current role leading the financial institution, Banga amassed considerable experience in the private sector. He served as vice chair at General Atlantic and previously held the position of CEO at Mastercard, bringing a wealth of expertise to his leadership at the World Bank.