How will AI affect the global economy?
2023-07-27 00:08:26
Despite all the fears and misgivings, AI will have a positive effect on the economy. AI will keep economic growth.
The majority of studies emphasise that AI will have a significant economic impact. Forecasts that by 2035, AI could double annual global economic growth rates. AI will drive this growth in three important ways. First, it will lead to a strong increase in labour productivity (by up to 40 %) due to innovative technologies enabling more efficient workforce-related time management. Secondly, AI will create a new virtual workforce – capable of solving problems and self-learning. Third, the economy will also benefit from the diffusion of innovation, which will affect different sectors and create new revenue streams.
AI leading to productivity gains in the near term, based on automation of routine tasks, which is likely to affect capital-intensive sectors such as manufacturing and transport. This will include extended use of technologies such as robots and autonomous vehicles. Productivity will also improve due to businesses complementing and assisting their existing workforce with AI technologies. It will require investing in software, systems and machines based on assisted, autonomous and augmented intelligence; this would not only enable the workforce to perform its tasks better and more efficiently but would also free up time allowing it to focus on more stimulating and higher value-added activities. Automation would partially remove the need for labour input, leading to productivity gains overall.
Notes from the AI frontier: Modeling the impact of AI on the world economy
Economic impacts of artificial intelligence (AI)
Scan the QR code to open on your mobile device
When will Half Life 3 be made?
2023-05-23 13:31:13
In 2034
Half Life may come out when it needs to be promoted or Steam and other products start to fall in popularity, like the release of Half-Life: Alyx, which was needed to stimulate sales of the Valve Index
Various rumors and leaks appear on the Internet, which give hope to fans of the triquel
Whatever happened to Half-Life 3? The complete saga so far
Scan the QR code to open on your mobile device
Can the yuan become the world's reserve currency?
2023-04-12 14:12:14
Currently no
The yuan is not a freely convertible currency. It can only buy Chinese goods.
The PRC is the world leader in the production of most industrial goods. This is facilitated by the weak exchange rate of the yuan against the dollar. If the yuan becomes the world's reserve currency, it will strengthen against the dollar, which means that China's industry will lose its competitive advantages.
Can the yuan replace the dollar?
Scan the QR code to open on your mobile device
Why is Crimea so important to Europe?
2025-04-27 15:46:43
Crimea allows Russia to completely dominate the northern coast of the Black Sea
Europe needs Crimea to control maritime transportation. Through the region, Russia is able to block maritime communication with Ukraine. Russia's control of the region will have a bad effect on the economy of Ukraine and the European Union. Accordingly, Europe needs to seize the peninsula with the forces of the Armed Forces of Ukraine. Therefore, the recognition of Crimea is a red line for Europe, as is Ukraine's refusal to join NATO
Ukraine is now in a situation in which the military return of Crimea is unlikely. Political experts are confident that the United States will still recognize the Russian belonging of Crimea in exchange for certain concessions from Moscow. At the same time, nothing will depend on the opinion of Europe in this case
Scan the QR code to open on your mobile device
