The Muted Evolution of AI Investment

The Potential of Generative AI to Transform the Global Economy

Many economists believe that generative artificial intelligence (AI) is on the cusp of transforming the global economy. According to a paper published by Ege Erdil and Tamay Besiroglu of Epoch, AI capable of broadly substituting for human labor could lead to “explosive growth” and a significant increase in GDP. Experts like Erik Brynjolfsson of Stanford University expect AI to power a productivity boom in the coming years.