A report from the London School of Economics' JournalismAI initiative highlights the dual nature of AI's impact on journalism. More than half of the surveyed news organizations expressed concerns about the ethical implications of AI in their work. While 85% had experimented with generative AI tools like ChatGPT and Google Bard for tasks such as content generation, 60% had reservations. Journalists recognized the time-saving benefits of AI, especially in tasks like transcription, but emphasized the need for human oversight to mitigate potential issues like bias and inaccuracy. Challenges in AI adoption were more pronounced in newsrooms in the global south due to limited AI systems available in non-English languages. The report underscores the economic and social disparities in AI's impact. It calls for a more equitable approach to AI development and adoption to address global inequality in the context of journalism.