Technological development and diffusion are rapidly transforming economic, financial and societal systems. Policy and legal frameworks may be unable to keep pace with approaches that maximize opportunities and manage risk, and advancing artificial intelligence (AI) technologies, combined with weak economic growth projections, create an urgent need to better understand AI-driven scenarios and the implications for productivity. In this special report, Paul Samson, S. Yash Kalash and Nikolina Zivkovic identify three key conduits (drawing on established AI-related indices) that link actions and improved productivity outcomes: technological capabilities; applications and markets; and policy and regulation. They then provide a country-level assessment of G7 countries (plus China and India) to outline a current snapshot of AI-driven productivity in each and to inform plausible futures for AI’s impact on productivity. They also examine four scenarios for the potential impact of AI on global productivity: flat AI; US-led AI; multipolar AI; and artificial general intelligence. These scenarios broaden the scope for G7 members to consider key areas and actions that could boost productivity under different circumstances.
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