AI to drive long-term productivity gains, says OECD Chief Economist

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Artificial Intelligence is expected to play a key role in lifting productivity across the global economy, according to Alvaro Pereira, Chief Economist at the OECD.

In an exclusive interview with CNBC-TV18, Pereira said, “We expect that the impact of AI on productivity will be between 1.2% and 1.5% per year over the next 10 years in the United States, and a little bit less in many other countries.”

Describing AI as a “rare technology,” Pereira said it would reshape productivity, output, and the organisation of work. The OECD has released a report…



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AI to drive long-term productivity gains, says OECD Chief Economist


Artificial Intelligence is expected to play a key role in lifting productivity across the global economy, according to Alvaro Pereira, Chief Economist at the OECD.

In an exclusive interview with CNBC-TV18, Pereira said, “We expect that the impact of AI on productivity will be between 1.2% and 1.5% per year over the next 10 years in the United States, and a little bit less in many other countries.”

Describing AI as a “rare technology,” Pereira said it would reshape productivity, output, and the organisation of work. The OECD has released a report…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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