There is an eerie emptiness at the seat of US economic power. The US Treasury is in shutdown like much of the federal government. Most staff are furloughed as the world's finance ministers and bankers jet in for the International Monetary Fund annual meetings a few blocks away, their delayed flights handled by a small number of unpaid air traffic controllers. There is, however, one clear message the Trump administration is notably keen to get out, not so much for its domestic audience but for the bewildered world outside. And they delivered it in the middle of last week to a small number of people ushered into the Treasury and what is said to be the finest room in Washington DC, the ornate and marbled Cash Room, which hosted the inaugural reception for post-civil war president, Ulysses Grant.

Generative AI has been predicted to add trillions to the world economy in a productivity boost never before seen in history (if it doesn't wipe out humanity first). A growing number of sceptics, including some leading AI scientists, are wondering whether the tech might not deliver on its promises to boost the world economy. Goldman Sachs famously predicted that generative AI would bring about'sweeping changes' to the world economy, driving a 7 trillion increase in global GDP and lifting productivity growth by 1.5 percent this decade. Professor Gary Marcus of New York University wrote on Substack that'we are starting to see signs' that generative AI might be a'dud'. Among the warning signs was a report in the Wall Street Journal suggesting that customers found the 30 a month price of Microsoft's new AI-boosted Copilot software too expensive.

By 2030, Artificial Intelligence could be looking after our elderly, making films and teaching lessons -- or it could have wiped out the human race. These are the wildly different predictions from eight AI experts from the US and UK, who predict how the technology may change our lives within the next decade. It comes amid growing calls for regulators to put the lid on the development of AI, amid fears that it could lead to waves of job losses and render us obsolete. AI technology could become so good that it will start to generate entire films within a day, predicts New York-based writer of Apple TV Sci-fi series Silo Mr Howey. Speaking to DailyMail.com, he said it was only a matter of time before AI tools were capable of making films. 'I've had access to alpha versions of art generators for a few years now, and I've watched how quickly they go from very rough approximations to photo-realism so good that you can't distinguish the AI art from photography,' he said.

Leaders of the G7 meet in the southern Japanese city of Hiroshima for their annual summit from May 19 – 21. The are expected to discuss not only economics, but politics, and Russia's February 2022 full-scale invasion of Ukraine. China, which has become increasingly assertive in its claims in the disputed South China Sea and over self-ruled Taiwan, is also likely to be an issue along with North Korea's weapons testing. Here's a look at the G7 and what to expect: The Group of Seven (G7) is an informal group of leading industrialised democracies with no permanent secretariat or legal status. It consists of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

By better capitalizing on data, artificial intelligence (AI) could boost the world economy by up to $15.7 trillion by 2030, according to a report released for the first time in Israel by Bank of America. The report, "Thematic Investing," written and prepared by Israeli Haim Israel - Bank of America's head of Global Thematic Investing Research - was first sent to banking stakeholders last month. This week, Israel provided a copy of the report to The Jerusalem Post. According to Israel's predictions, the global AI market - software, hardware and services - could reach $900 billion by the end of 2026. Although AI has existed for around 70 years, according to Israel, the world is only now about to experience the AI revolution.

Artificial intelligence is about to have its "iPhone moment" and could revolutionize everything, according to Bank of America. In a Tuesday note to clients, BofA strategists listed four reasons why AI is about to change the landscape: democratization of data, unprecedented mass adoption, "warp-speed" technological development, and abundant commercial uses. "We are at a defining moment - like the internet in the '90s - where Artificial Intelligence (AI) is moving towards mass adoption, with large language models like ChatGPT finally enabling us to fully capitalize on the data revolution," they said. Up until recently, AI could read and write but couldn't understand content, BofA said. Tools like ChatGPT have changed that, however, and its ability to understand natural language has opened the door to huge upside.

AI technology, making big strides in every field possible, is a present-day example of ace technologies at work. Deploying credible AI skills backed by trusted AI certifications is the way ahead to building a stronger AI landscape for future generations. The emergence of clever technological upgrades in almost every sector of the world economy has led to the adoption of intelligence that has surpassed laymen's reach. It involves high-end expertise and demands exclusive precision. It was high time that machines started to mimic real-life human situations with finesse.

You've heard plenty of talk about artificial intelligence (AI). But not everyone agrees on the pros and cons of artificial intelligence. Google's CEO Sundar Pichai says AI is "one of the most important things humanity is working on," and is more profound than our development of electricity or fire. But Elon Musk warns "If you're not concerned about AI safety, you should be. And Mark Cuban insists business leaders must understand and embrace AI. "If any of you are entrepreneurs or in the business world and if you don't know AI, then you're the equivalent of somebody in 1999 saying, 'Yeah, I'm sure this internet thing will be okay, but I don't give a [expletive].'

As AI improves and becomes more powerful, its impact on the world economy will become vastly more significant. It will affect virtually every aspect of the world economy -- from unemployment rates to economic growth, productivity, income inequality and more. Some argue that so far, AI has not had a large enough impact, but as its development accelerates, its effects will grow exponentially. Whether we like it or not, automation and job displacement are already here, slowly pushing the human workforce into different domains. Similar patterns can be found throughout history; new technology made certain products and jobs obsolete, and eventually humans were forced to switch to more innovative products and new jobs.

Artificial intelligence (AI) is no longer the stuff of science fiction. The technology is already disrupting multiple industries, many of which impact you on a daily basis. Own an iPhone X? Its facial recognition system is powered by AI. Ever been redirected by Google Maps because of an accident or construction ahead? And those are just a couple of small examples.