Showing posts with the label Economic Growth

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The Economic productivity gains through artificial intelligence

Artificial intelligence has been shown to deliver large performance gains in selected economic activities, but its aggregate impact remains debated. This column discusses a micro-to-macro framework to assess the aggregate productivity gains from AI under different scenarios.  AI could contribute between 0.25 and 0.6 percentage points to annual total factor productivity growth in the US over the next decade. However, highly uneven sectoral productivity gains could reduce aggregate growth, and large aggregate gains will require a productive integration of AI in a wide range of economic activities. The Economic productivity gains through artificial intelligence   Artificial intelligence (AI) is transforming what machines can do, from processing natural language to analysing complex datasets and generating images. Recent advances in generative AI (for instance, large language models such as ChatGPT) are also animating a lively debate about the potential for large productivity ga...

10 Billion Dollars: How Louisiana Became the Unexpected Playground of Digital Dreams

A tale that sounds like it was cooked up after one too many glasses of bourbon - Meta, the digital behemoth that turns our personal oversharing into a global business model, has decided to plant its massive AI data center right in the heart of rural Louisiana.  Let that sink in for a moment. Silicon Swamps: How Louisiana Became the Unexpected Playground of Digital Dreams Imagine a place where tractors once ruled, now giving way to server racks that can process more information in a second than a small-town gossip network can spread in a week. Richland Parish - population barely touching 20,000 - is about to become the Silicon Valley of the swamps, a digital oasis rising from sugar cane fields and cypress trees. Governor Jeff Landry, with the enthusiasm of a used car salesman closing the deal of the century, announced a $10 billion investment that'll make this sleepy parish look like it's been injected with a high-voltage dose of technological steroids. Ten. Billion. Dollars...

Europe's AI Odyssey: Can Super Mario Draghi Save the Digital Day?

Today, we're embarking on a journey through the treacherous waters of artificial intelligence, where Europe finds itself playing catch-up in a high-stakes game of digital tag with the United States. But fear not, for a hero has emerged from the cobblestone streets of the Old World, brandishing not a sword, but a very thick report. Enter Mario Draghi, the man who once saved the euro with three magic words: "Whatever it takes." Now, he's back, and he's got his sights set on rescuing Europe from the jaws of AI irrelevance. Buckle up, folks – this ride's about to get as twisty as a plate of spaghetti! Can Super Mario Draghi Save the Digital Day? Europe's Digital Detour Picture, if you will, a grand Prix race. In one lane, we have the United States, zipping along in a sleek, AI-powered supercar, leaving a trail of ones and zeros in its wake. And in the other lane? Well, there's Europe, puttering along in what looks suspiciously like a refurbished Fiat 50...

AI: Transforming Societies and Paving the Way for Prosperity

In the age of advanced technology, the emergence of intelligent agents like the AISHE System is deserving of public enlightenment. These agents, surpassing human capabilities and under our control, operate via the internet and achieve unprecedented levels of automation. But what does this mean for our future? AI: Transforming Societies and Paving the Way for Prosperity The AISHE System represents a paradigm shift in how we interact with intelligent agents. With its superior capabilities, we gain the ability to harness its potential for the betterment of society. By connecting to the internet, AISHE establishes a network of knowledge and automation that opens new possibilities for economic and social progress.   A World Transformed: Imagine a scenario where AISHE and similar agents multiply, exponentially increasing their presence in our lives. This proliferation brings about a profound transformation that has far-reaching implications for humanity. The core essence lies in its abil...