AI and the Future of Growth - Infographic

Number of years for the economy to double in size (a full circle represents 100 years) AI establishes a new relationship between people and machines, creating new factors of productivity and growth AI SOLVES KEY BUSINESS CHALLENGES AI CAN DOUBLE ECONOMIES' SIZE What is AI? AI involves multiple technologies that can be combined in different ways to sense, comprehend, act and learn. Slow growth Since the 1980s, GDP growth has slowed in many large economies. Weak productivity Total factor productivity has weakened in the past 10 years. Falling capital efficiency The marginal capital efficiency rate has dropped over 50 years. Labor and capital augmentation Makes more efficient use of the workforce and capital assets Innovation diffusion Uses AI to stimulate new ideas Aging workforce As populations age and birth rates slow, fewer people are available.