A new look at the economics of AI | MIT Sloan
MIT Institute Professor Daron Acemoglu predicts that artificial intelligence will have a “nontrivial, but modest” effect on GDP in the next decade.| MIT Sloan
MIT Institute Professor Daron Acemoglu predicts that artificial intelligence will have a “nontrivial, but modest” effect on GDP in the next decade.| MIT Sloan
We estimate that AI will increase productivity and GDP by 1.5% by 2035, nearly 3% by 2055, and 3.7% by 2075. AI’s boost to annual productivity growth is strongest in the early 2030s but eventually fades, with a permanent effect of less than 0.04 percentage points due to sectoral shifts.| Penn Wharton Budget Model
At the same time, advances in AI are expected to have far-reaching implications for the global enterprise software, healthcare and financial services industries, according to a separate report from Goldman Sachs Research. With well-known tech giants poised to roll out their own generative AI tools, the enterprise software industry appears to be embarking on the next wave of innovation, after the development of the internet, mobile and cloud computing transformed the ways we operate as a society.| www.goldmansachs.com
