Artificial intelligence has the potential to reshape our economies, labor markets, societies, and politics. But despite the rosy forecasts of an AI-driven boom, history shows that technological advances rarely lead to immediate improvements in living standards and often lead to profound disruption.
CAMBRIDGE – As global economic growth slows, many hope technological innovation is a potential solution. The International Monetary Fund’s latest World Economic Outlook, for example, highlighted the potential of artificial intelligence to boost productivity and GDP. But the report also warns that given the uncertainties surrounding the extent of AI’s impact, such forecasts should be approached with a dose of caution. While AI could usher in an era of prosperity, this outcome depends on how these emerging technologies evolve.
CAMBRIDGE – As global economic growth slows, many hope technological innovation is a potential solution. The International Monetary Fund’s latest World Economic Outlook, for example, highlighted the potential of artificial intelligence to boost productivity and GDP. But the report also warns that given the uncertainties surrounding the extent of AI’s impact, such forecasts should be approached with a dose of caution. While AI could usher in an era of prosperity, this outcome depends on how these emerging technologies evolve.