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Seventy Percent of Economies Are Underprepared for AI Disruption

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BCG’s AI Maturity Matrix Assesses the AI Maturity and Resilience of 73 Global EconomiesOut of the 73 Economies Assessed, Only Five—Canada, Mainland China, Singapore, UK, and US—Are Categorized as AI PioneersEconomies with a High Share of Sectors That Are Most Exposed to AI— Such as Luxembourg, Hong Kong, and Singapore—Are Among the World’s Most Vulnerable to AI DisruptionMost Economies in the Study Score Low in R&D and InvestmentThe US and Singapore Stand Out with Robust AI Talent Pools, While Mainland China Leads the R&D Race

BOSTON, Nov. 20, 2024 /PRNewswire/ — AI is already transforming industries and starting to reshape economies and is poised to profoundly shape the future of economic development over the next few years. The expansive scale of this growth makes AI an economic priority in every region around the globe. However, new Boston Consulting Group (BCG) research has established that most economies are underprepared for AI-driven disruption. The study, released today, shows that over 70% of the economies studied score below average in critical areas such as ecosystem participation, skills, and research and development.

BCG’s AI Maturity Matrix offers a comprehensive overview of the AI landscape across 73 economies by focusing on two pivotal aspects. First, it assesses each economy’s vulnerability to AI-driven shifts, such as job displacement and industrywide productivity gains. Second, it evaluates the preparedness of each economy to navigate the risks associated with AI, while leveraging its potential to stimulate economic growth. 

The report then offers recommendations tailored to the different groups to guide policymakers, and provides an interactive dashboard for a more detailed exploration of the analysis.

“This first-of-its-kind study offers a broad view of global adoption, revealing that while most economies are gradually embracing AI, a small influential group of pioneers is emerging as global leaders,” said Christian Schwaerzler, a BCG managing director, partner, chair of BCG’s Center for Public Economics, and coauthor of the report. “This handful of leading markets stand to gain significant economic advantages and are uniquely positioned to shape how humanity will engage with this transformative technology.”

Six Sectors Are Most Exposed to AI-Driven Changes

According to the report, there are six sectors that are most exposed to AI-driven change: information and communication, high-tech goods, retail, financial services, public services, and motor vehicle manufacturing. Economies with a high share of sectors that are most exposed to AI are among the world’s most exposed to disruption. These include Luxembourg (with financial services making up almost 30% of GDP), Hong Kong (22% financial services and 22% business services), and Singapore (18% business services, 16% retail, 14% financial services).

Economies with industry sectors that are less susceptible to AI disruption are less exposed. Such sectors include construction, agriculture, and furniture manufacturing; countries include Indonesia (13% agriculture and 11% construction of GDP), India (17% agriculture and 8% construction), and Ethiopia (36% agriculture).

Measuring AI Readiness Using the ASPIRE Index

“Readiness” for AI refers to an economy’s ability to effectively implement and integrate AI. The study measures readiness across the six dimensions that make up BCG’s ASPIRE index: Ambition, Skills, Policy and regulation, Investment, Research and innovation, and Ecosystem.

Of the 73 economies assessed, only five—categorized as AI pioneers—have achieved a high level of readiness. Pioneers are also out in front in skills, R&D (research and development), ecosystems, and investments. In skills, the US and Singapore stand out with robust AI talent pools, crucial for driving innovation. The US leads in investing, driven by its sophisticated capital markets and the abundance of AI unicorns. In the R&D race, Mainland China is leading in patents and AI academic papers.

Six Distinct Archetypes of AI Adoption

The combined analysis of AI exposure and readiness reveals six distinct adoption groups:

AI Pioneers: These are the vanguards of AI adoption, building on strong infrastructure and engaging the technology in diverse sectors. All pioneers invest liberally in R&D and job sectors, and education systems are full of highly skilled talent. AI will make up progressively larger shares of the pioneers’ GDPs over the next several years, as these actors supply more and more AI technologies, services, skills, and investment to the world.Steady Contenders: These economies have higher shares of highly exposed service sectors, however their exposure is balanced by high readiness. This group is mainly dominated by high-income European economies like Germany, which has high exposure due to its large information and communication technology (ICT) and advanced manufacturing sectors. Malaysia stands out as a non-European leader, with its government’s strong focus on AI through the National AI Roadmap, tech hubs, and university training. This illustrates how public sector leadership can drive tech maturity and competitiveness in emerging economies.Rising Contenders: These are mainly economies with lower AI exposure due to a relatively higher share of industrial and/or resource-based mix of sectors. This lower level of exposure is the main difference between rising contenders and steady contenders, but governments in this subgroup push for AI adoption with the same commitment as steady contenders. India, Saudi Arabia, and Indonesia are notable examples in this group.Gradual Practitioners: These are typically upper middle- and lower middle-income countries that are adopting AI at a moderate pace. Their economies include low-tech sectors such as tourism, textiles, wood manufacturing, and agriculture, where adopting AI is not yet imperative for companies.Exposed Practitioners. This group includes developing and developed economies vulnerable to AI disruption due to more high-exposure sectors and low readiness. Actors here will need to accelerate AI adoption and mitigate potential risks. While these countries may currently have a gap between their AI exposure and readiness, they are well positioned to gain ground quickly with investments in infrastructure and education. Notable economies in this group include Malta, Cyprus, Bahrain, Kuwait, Greece, and Bulgaria.AI Emergents: These economies are at the early stages of AI adoption. They need to build foundational strategies and infrastructure to reach the basic levels of AI integration and competitiveness. These countries lack a national AI strategy or similar holistic approaches to AI. Skilled workers and investment are often scarce, as is activity related to research papers, patents, and startups.

Positioning Governments for Success in the AI-Driven Future

The report proposes a set of initiatives for each archetype across three themes:

Enabling AI: establishing the foundational elements for AI emergentsAccelerating AI: customizing the ASPIRE levers for AI contenders and AI practitionersAmplifying AI: driving the global AI agenda for AI pioneers

These recommendations offer an economywide approach to AI readiness that economic managers can apply to drive sectoral transformation.

“Policymakers need to act decisively to prepare for an AI-driven world by enhancing resilience, productivity, job creation, modernization, and competitiveness,” said Aparna Bharadwaj, a BCG managing director, partner, global leader for the firm’s Global Advantage practice, and coauthor of the report. “Our research provides a practical framework to guide them through the rapidly evolving AI landscape, empowering economies to leverage AI’s transformative potential for sustainable growth and societal wellbeing.”

Download the publication here:
https://www.bcg.com/publications/2024/which-economies-are-ready-for-ai

Access the interactive dashboard here to easily view AI engagement and explore factors like sector deployment, exposure, investment, regulation, and readiness for disruption across the economies studied.

Media Contact:
Eric Gregoire
+1 617 850 3783
gregoire.eric@bcg.com 

About Boston Consulting Group

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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