Economic and Workforce Impacts of AI in Latin America

This report presents a comprehensive analysis of the economic, social, and workforce impacts of artificial intelligence (AI) in Latin America (Latam). It outlines the current state of AI adoption in the region, noting that 38% of organizations utilize open source AI, with Mexico and Brazil leading in usage. The report details the economic benefits, highlighting a market valued at approximately US$12.7 billion, growing at an annual rate of 28.1%. It discusses the positive return on investment reported by many enterprises and emphasizes the cultural readiness of Latin Americans towards AI technology. The document also addresses the role of open source AI in enhancing productivity, reducing costs, and fostering inclusivity. It identifies the challenges posed by the skills gap and the need for strategic investments in education and training to maximize AI's potential. The report concludes with recommendations for policymakers and stakeholders to leverage open source AI for sustainable growth and innovation in the region.