AI could increase GDP more than previous technological milestones

Artificial intelligence could potentially drive economic growth more significantly than past transformative inventions like the steam engine, electricity, and the microprocessor, due to its impact on Total Factor Productivity (TFP), a key driver of economic growth, Credit Agricole Bank Polska stated. Although estimating AI's precise influence is challenging due to its evolving nature, studies suggest it could increase workforce efficiency by approximately three percentage points within companies. This indicates AI's potential to surpass previous inventions in fueling economic growth.

However, it also raises concerns about job displacement due to automation.

Source: inwestycje.pl