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Artificial intelligence has the potential to significantly impact economic productivity and societal well-being; it may also accelerate innovation and revive sluggish productivity growth in a variety of industries. However, it may exacerbate distributional divides and introduce broader societal risks, which could have a negative impact on AI development and productivity. A number of conditions could promote the positive effects of AI, where policies can play a key role, as specified by the OECD AI Principles: • Competitive AI system development and widespread adoption • On the AI user side, we should aim for applications that augment and complement humans to avoid excessive automation • Acceptance, dependability, and trust in AI development and implementation Find out more in the new OECD AI Paper: The Impact of Artificial Intelligence on Productivity, Distribution, and Growth. Read it here ➡️ https://brnw.ch/21wIS4y | #OECDAI

3 Comments

Philipp Rathgeber

Fascinating to see "Administration & support" as an area of so little exposure of AI. I would assume significant potentials there for the future.

1 Reaction

Muhammad Haseeb Rao

Student, Socio-economic observer, and Strategist

Can AI be a good substitute for the human mind in solving economic, social, and environmental challenges such as mounting public debt, soaring inflation, governance issues, and climate change?

Giuseppe Nicoletti

LUISS Lab of European Economics, Libera Università Internazionale degli Studi Sociali -- Former Head of Structural Policy Analysis Division - Economics Department chez OECD-OCDE

Our latest investigation on the economic potential and risks of generative AI!

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Orchidea Innovations

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