Generative artificial intelligence technologies have a huge potential to increase labor productivity. Economists predict that investment in AI development could reach around $200 billion by 2025.
Investment in artificial intelligence (AI) solutions is growing rapidly. Economists at Goldman Sachs Economics Research predict that by 2025, AI developments around the world could attract about $200 billion.
According to the researchers, AI development could have a more significant impact on gross domestic product (GDP) growth than the introduction of electricity and personal computers. Experts also emphasize the huge potential of generative artificial intelligence to boost productivity. They predict that the widespread use of AI could increase global labor productivity by more than one percentage point per year over the next decade.
However, AI technologies require substantial capital investment for large-scale adoption, along with a global redesign of business processes. Thus, the researchers estimate that investments in AI solutions are currently at the entry level and it’ll take several years of active growth before they can achieve a major impact on the economy.
The study authors also note that the U.S. is currently the market leader in artificial intelligence. Since American companies adopted this technology relatively early, the growth in the region will be the most significant. Thus, experts predict that in a few years, the AI sector can raise the U.S. GDP by 4%. Meanwhile, GDP growth in other countries, which are also actively investing in technology, won’t exceed 2.5%.
Among the most significant AI developments, analysts emphasize:
- ChatGPT from OpenAI;
- image creation software Midjourney;
- text-to-speech generator Eleven Labs.
Generative systems of artificial intelligence are recognized as one of the most important elements of the future education system, despite the fact that some scientists and business representatives express concerns about the potential impact of AI on the safety of users.
