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)

Why is humanity not mining other planets?

2023-07-27 10:01:58

This is not economically feasible at this time.

At this point in time it is mainly because it would be difficult. You would need a device that can go into space, land on something like an asteroid, mine heavy metals or any other desired material, and then make a return trip to the earth while it orbits the sun.

The mining of metals in space has solved earthly problems such as ecology, shortage of rare metals. But also any metal mining in space would hit Earth market prices.

2 questions: How far are we from actually mining asteroids, and, is it going to crash the prices of precious metals?

Why has Apple released Open ELM now?

2024-05-13 10:05:35

There is a lot of hype around artificial intelligence right now.

The company needs an information guide, because now everyone is talking only about artificial intelligence and forgetting about Apple products.

Apple is trying to demonstrate that it can compete with other tech giants in the field of artificial intelligence.

Why did Roskomnadzor fail to block Telegram?

2022-05-22 09:32:01

Because it would have to block other services that use the same infrastructure.

Telegram using Google and Amazon Web Services. To be completely blocked, it was necessary to block Gmail, Youtube, Some Bank Services and other services that use the infrastructure Google and Amazon.

It was just an attempt by the authorities to get revenge

Why Russian courts cannot block the Telegram app?

Accuracy 40

2022-02-19