The AI Index Report – Artificial Intelligence Index

The rise of AI inevitably raises the question of how much the technologies will impact businesses, labor, and the economy more generally. AI offers substantial benefits and opportunities for businesses, from increasing productivity gains with automation to tailoring products to consumers using algorithms, analyzing data at scale, and more. However, the boost in efficiency and productivity promised by AI also presents great challenges: Companies must scramble to find and retain skilled talent to meet their production needs while being mindful about implementing measures to mitigate the risks of using AI. Moreover, the COVID-19 pandemic has caused chaos and continued uncertainty for the global economy. This chapter looks at the increasingly intertwined relationship between AI and the global economy from the perspective of jobs, investment, and corporate activity.