What generative AI really means for the economy, jobs and education

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How is the new generation of artificial intelligence going to reshape the world, and your life, in the five to 10 years?

is upon us. Anyone with an internet connection now has access to tools that can answer almost every question under the sun, write everything from university essays to computer code and produce art or photorealistic images.

The jury is still out on whether all this represents a stride towards super-intelligent AI. Even if progress stagnates, however, the capabilities available today could profoundly affect the. So how is the current generation of AI going to reshape the world, and your life, in the next five to 10 years?

Broadly speaking, forecasters are predicting that generative AI will boost economic productivity and growth in advanced economies. A report released by Goldman Sachs in March predicts that, which translates to a roughly $7 trillion increase.

The idea is that AI will make millions of “knowledge workers”, like scientists, editors, lawyers and doctors, more productive within a few years. But the truth is that these things are hard to predict and assess, especially as the output of such workers is notoriously difficult to measure. One area where generative AI is stoking anxiety is employment, but the picture could be different to previous waves of automation, says

 

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