From hope to reality to hype and hysteria. The rapid development and adoption of generative artificial intelligence may be keeping headline writers busy, but is there anything to their warnings about the technology’s roll-out leading to mass unemployment?
In this special episode of The Weekly Briefing, Senior Economic Advisor Vicky Redwood and Deputy Chief UK Economist Ruth Gregory discuss AI’s potential as an economic game changer and what that could mean for labour markets.
Vicky and Ruth are two of the co-authors of our new report ‘AI, Economies and Markets – How artificial intelligence will transform the global economy’, which has been as part of our Spotlight project for 2023. They talk to David Wilder about some of the key takeaways from their work looking at AI’s economic and market implications, including:
- The size and timing of the coming AI productivity boost;
- How AI’s productivity boost could have economy-wide effects;
- Whether AI will lead to a wave of “technological unemployment”.