GDP Growth

AI Will Not Supercharge GDP Growth

AI Will Not Supercharge GDP Growth

Everyone knows that artificial intelligence is a hugely powerful technology with immense economic implications. US equity prices reflect not only confidence in the prospects of technology companies but also a belief that AI will fuel a broader boom. The growth-obsessed UK government views AI development as a top priority, and everyone at the World Economic Forum in Davos this January wanted to hear from the world’s AI leaders. We have been here before. In the 1960s, computers were too enormous and expensive to be used by anyone but the largest government agencies and businesses. Yet so great were concerns about…
Read More