This Brookings Institution report, authored by Baily, Brynjolfsson, and Korinek, examines the potential economic impact of generative AI. The authors argue that AI will significantly boost productivity, primarily by increasing efficiency and accelerating innovation. They acknowledge potential risks, such as job displacement and income inequality, but emphasise the overall positive effects on economic growth and welfare. The report also discusses challenges in measuring AI's impact on productivity due to the difficulties in quantifying knowledge work. Finally, the authors call for policies that mitigate risks while maximising the benefits of AI-driven productivity growth.

Hosted on Acast. See acast.com/privacy for more information.