Global | AI: Between technological acceleration and economic challenges

Summary

The advances of the last three years in generative Artificial Intelligence (AI) models, their rapid adoption, and the explosion of new applications have created the feeling that transformation is accelerating.

Key points

• Key points:
• The question is whether our economies and institutions will be able to assimilate this change with the necessary urgency and, at the same time, generate shared prosperity.
• Almost as fast as the advances in AI is the emergence of studies that are beginning to analyze its effects, allowing us to glimpse where we are headed.
• One of these studies confirms that the process of job displacement is already underway in some segments of the U.S. labor market, while others point out that overall, there are no signs of an "employment apocalypse".
• For the European continent, the greatest challenge is strategic. While the United States and China are setting the pace in the AI race, Europe cannot afford to be left behind in deploying and adopting AI across its industrial fabric.
• AI opens up enormous opportunities—in part through its interaction with the boom in robotics and the future of quantum computing—the potential of which depends on our ability to manage it. Accompanied by the right mix of investment, education, and sound policies, AI could become the lever that revitalizes European growth, boosts productivity, and enhances well-being.

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