Who will benefit from artificial intelligence that is expected to bring twice the rate of economic growth?

According to Australian media reports, a recent study by Accenture shows that the application of artificial intelligence in the next two decades will greatly increase productivity and is expected to bring twice the rate of economic growth.

In the next two decades, humans' definition of "work" and "the relationship between people and machines" will be welcomed. Accenture CTO Paul Daugherty said: "Artificial intelligence will be a new round of productivity revolution after the information revolution." The information revolution represented by computers took place in the second half of the 20th century, comparing human productivity to the industrial revolution. Turned over more than once.

Daugherty said that under the combined influence of cutting-edge technologies such as AI, cloud computing and big data analytics, the patterns of production and sales have slowly changed. "Our research shows that with the maturity of AI technology, it is bound to become a source of power for a new round of economic growth. In recent years, the problems of production stagnation and labor shortage that the world economy is worried about will be solved."

Artificial intelligence is expected to bring twice the rate of economic growth. Who will benefit?

Accenture used a data model to estimate the impact that future AI might have on 12 advanced economies. At present, the economic output of these 12 economies exceeds 50% of the world's total economic output.

“The economic leader of the United States will be the biggest beneficiary of AI. It is expected that its annual growth rate will increase from 2.6% to 4.6% by 2035, which means an increase of 8.3 trillion US dollars per year.”

Outside the US, researchers expect the UK's annual growth rate to rise from 2.5% to 3.9% by 2035. And Japan's annual growth rate is more likely to reach three times the current level. In addition, economies such as Germany and the Netherlands will also see at least double the economic growth. By then, as AI dramatically increases social productivity, people are able to pull out from “inefficient” work and do real and efficient things.

“Technological advancement has greatly shortened the time for the completion of the economic growth of two cups. The double speed of economic growth is of great significance in economic development. The growth mentioned above is only a model assumption, and the specific growth depends on the new technology of each country. Accelerate speed and application capabilities." Here, Accenture gave several suggestions:

- Change the mode of thinking: The future is an era of co-existence between people and machines. The mode of thinking and the reserve of knowledge must keep pace with the times;

- Develop AI regulation: Create adaptive, self-improving regulatory laws to reduce the time lag between technological advancement and regulatory response;

- Develop AI ethics: new productivity brings new social problems, and moral values ​​should adapt to the new situation;

- Emphasis on the redistribution of benefits: The new productivity wave brought about by AI has both benefits and shortcomings. Policy makers should carefully balance the contradictions and reduce the social impact of AI.

“Not only the economy, AI also heralds the enormous potential of human growth,” said Accenture Managing Director Mark Purdy. “In order to maximize the benefits of AI, relevant practitioners should start from multiple perspectives – including technical, policy, ethical and social. AI's footsteps are getting closer and closer, and practitioners should be prepared.”

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