Economic development stories

Aug 4, 2026

World Bank Urges Developing Countries to Rapidly Adopt AI to Accelerate Growth Amid Weak Economic Outlook

The World Bank released its World Development Report 2026 calling on developing economies to quickly embrace artificial intelligence, stating AI could enable them to achieve a century's worth of development in a decade if they address infrastructure gaps in power, connectivity, and skills. The report comes as growth in developing countries hits a 30-year low.

Aug 4, 20269 sources

Jul 22, 2026

OpenAI Announces $20-30 Billion Data Center Project in Effingham County, Georgia

Plans for a $20–30 billion, 1,400-acre data center campus ("Project Camellia") in Effingham County, Georgia, contracting 3.2 gigawatts from Georgia Power with delivery from 2028–2032 and up to 1,000 permanent jobs expected.

Jul 22, 20266 sources