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The Future of Growth: AI Comes of Age
In the modern economy, the two traditional drivers of production-increases in capital investment and labour-have declined in their ability to propel economic progress. The authors argue that economies are entering a new era in which artificial intelligence (AI) has the potential to overcome the physical limitations of capital and labour, opening up new sources of value and growth. They explain how AI technologies can be combined in different ways to sense, comprehend and act, showing that these three capabilities are underpinned by an ability to learn from experience and adapt over time. AI, they predict, will transform the basis of economic growth for countries around the world.