GenAI raises economic productivity & social risk

The formidable power of generative artificial intelligence (GenAI) combined with other existing AI models can transform how companies operate and individuals work. For economies, it will likely fill skills gaps and address demographic challenges, such as ageing. Rapid adoption of the technology so far by businesses and individuals suggests the impact may well be felt more quickly than has been the case with other transformative technologies. However, its creative capabilities increase the potential for job losses across advanced and emerging...