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)

When will South and North Korea unite?

2023-01-30 02:12:13

In 2053

The United Korea can become one of the most powerful countries in Asia, and then the U.S. troops will simply not be needed there. This directly affects the U.S. position in Asia. The U.S. will never agree to this, unless the U.S. maintains or, better, increases its troop contingent in an already unified Korea. A troop buildup might be needed for a war with China.

Negotiations to unite the two Koreas are already underway

South Korea wanted to unite with the DPRK

Accuracy 10

Will Britain be a member of the European Union again?

2023-02-05 12:11:36

It will not become a member of the European Union

Residents of the country are disappointed with the current high cost of living. They are also dissatisfied with the latest policy of the British authorities. At the moment, Britain is profiting from the Russian-Ukrainian war. The war will end. We will have to make money in other ways. The country will try to make money in a different way by expanding its influence through the creation of other alliances

They can return at any time, as soon as it becomes advantageous to Britain.

UK can rejoin EU any time

Accuracy 10

How the fixation of russian oil prices will affect the global market?

2022-12-08 05:03:14

The introduction of a price ceiling on Russian oil would have a negative impact on the global economy and energy security. This was also confirmed by the International Energy Agency.

China and India have made it clear that they will not comply with the Western embargo. China and India will not be affected in any way. The U.S. is not dependent on Russian oil supplies either. Russia itself is already selling below the delivered price. All these restrictions will only damage the EU and increase dependence on energy resources.

The problem is that there is no free oil on the market and if we introduce restrictions, prices will go up.

The embargo and the ceiling on Russian oil prices came into force: what consequences to expect

The EU introduced a ceiling on Russian oil prices: what will happen to shares and the ruble

The ceiling of the Russian oil price.. What is its mechanism of action and impact How will Moscow respond

Accuracy 30

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