Will AI become the Great Equaliser?
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Opinions Opinion by Lynn Song Will AI become the Great Equaliser? Published 05:19 TMT United States Things will likely look worse before they look better, but in the long-term AI has tremendous potential to become the world’s Great Equaliser of opportunity and equality AI h
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4 itemsWill AI become the Great Equaliser?
As artificial intelligence (AI) begins to permeate various industries, its long-term potential to serve as a 'Great Equaliser' of opportunity and productivity is garnering attention. Per the full note by Lynn Song, while immediate impacts may yield uneven results, the broader effects of AI on productivity and inequality cannot be overlooked. Supported by findings from institutions like the OECD, which estimates AI could boost labor productivity growth by 0.4-1.3 percentage points in G7 nations, the desk suggests that the potential long-lasting transformative benefits could outweigh the short-term challenges. Current market dynamics remain stable ahead of any significant announcements or shifts within the economic landscape.