{"id":165,"date":"2024-05-09T12:56:06","date_gmt":"2024-05-09T12:56:06","guid":{"rendered":"https:\/\/wsw-int.de\/?p=165"},"modified":"2024-10-25T15:22:24","modified_gmt":"2024-10-25T15:22:24","slug":"a-new-report-explores-the-economic-impact-of-generative-ai","status":"publish","type":"post","link":"https:\/\/multai.eu\/de\/a-new-report-explores-the-economic-impact-of-generative-ai\/","title":{"rendered":"Ein neuer Bericht untersucht die wirtschaftlichen Auswirkungen der generativen KI"},"content":{"rendered":"

I resisted the temptation to have a GenAI summarize the\u00a0\ud835\udc04\ud835\udc1c\ud835\udc28\ud835\udc27\ud835\udc28\ud835\udc26\ud835\udc22\ud835\udc1c \ud835\udc08\ud835\udc26\ud835\udc29\ud835\udc1a\ud835\udc1c\ud835\udc2d \ud835\udc28\ud835\udc1f \ud835\udc06\ud835\udc1e\ud835\udc27\ud835\udc1e\ud835\udc2b\ud835\udc1a\ud835\udc2d\ud835\udc22\ud835\udc2f\ud835\udc1e<\/a> \ud835\udc00\ud835\udc08\u00a0report by Andrew McAfee (MIT). At around 20 pages long (excluding references), the report delivers on the title\u2019s promise in less than one hour of reading. It explains how \ud835\udc06\ud835\udc1e\ud835\udc27\ud835\udc00\ud835\udc08 \ud835\udc22\ud835\udc2c \ud835\udc1a \ud835\udc20\ud835\udc1e\ud835\udc27\ud835\udc1e\ud835\udc2b\ud835\udc1a\ud835\udc25-\ud835\udc29\ud835\udc2e\ud835\udc2b\ud835\udc29\ud835\udc28\ud835\udc2c\ud835\udc1e \ud835\udc2d\ud835\udc1e\ud835\udc1c\ud835\udc21\ud835\udc27\ud835\udc28\ud835\udc25\ud835\udc28\ud835\udc20\ud835\udc32 that is rapidly improving, becoming pervasive, and spurring complementary innovations.

To some readers, the report may not deliver many new insights, but it does neatly structure many facts and arguments. For example, I enjoyed finding multiple sources of optimism regarding GenAI\u2019s impact on the labor market (granted, Mr. McAfee wrote this report in his capacity as a fellow at Google, but he doesn\u2019t shy away from describing potential harm as well).

Here are some of the \ud835\udc29\ud835\udc28\ud835\udc2c\ud835\udc22\ud835\udc2d\ud835\udc22\ud835\udc2f\ud835\udc1e\ud835\udc2c \ud835\udc1f\ud835\udc28\ud835\udc2b \ud835\udc2d\ud835\udc21\ud835\udc1e \ud835\udc25\ud835\udc1a\ud835\udc1b\ud835\udc28\ud835\udc2b \ud835\udc26\ud835\udc1a\ud835\udc2b\ud835\udc24\ud835\udc1e\ud835\udc2d that offer some respite from gloomy unemployment scenarios:

–\u00a0We increasingly suffer from a \ud835\udc25\ud835\udc1a\ud835\udc1b\ud835\udc28\ud835\udc2b \ud835\udc2c\ud835\udc21\ud835\udc28\ud835\udc2b\ud835\udc2d\ud835\udc1a\ud835\udc20\ud835\udc1e, which can be expected to grow as baby boomers retire. Raising productivity by means of GenAI will offer some respite.
–\u00a0As with all general-purpose technology, GenAI can create \ud835\udc27\ud835\udc1e\ud835\udc30 \ud835\udc23\ud835\udc28\ud835\udc1b\ud835\udc2c. This is not just limited to prompt engineers. Economic growth and complementary innovations drive this job creation.
–\u00a0This time, \ud835\udc21\ud835\udc22\ud835\udc20\ud835\udc21\ud835\udc1e\ud835\udc2b-\ud835\udc29\ud835\udc1a\ud835\udc32\ud835\udc22\ud835\udc27\ud835\udc20 \ud835\udc23\ud835\udc28\ud835\udc1b\ud835\udc2c \ud835\udc1a\ud835\udc2b\ud835\udc1e \ud835\udc26\ud835\udc28\ud835\udc2b\ud835\udc1e \ud835\udc1a\ud835\udc2d \ud835\udc2b\ud835\udc22\ud835\udc2c\ud835\udc24 of being replaced. People in these jobs generally have more resources to reskill and adapt.
–\u00a0GenAI grants people without a college education, as well as less experienced people at the start of their careers, \ud835\udc1e\ud835\udc1a\ud835\udc2c\ud835\udc22\ud835\udc1e\ud835\udc2b \ud835\udc1a\ud835\udc1c\ud835\udc1c\ud835\udc1e\ud835\udc2c\ud835\udc2c \ud835\udc2d\ud835\udc28 \ud835\udc24\ud835\udc27\ud835\udc28\ud835\udc30\ud835\udc25\ud835\udc1e\ud835\udc1d\ud835\udc20\ud835\udc1e and enables them to \ud835\udc1a\ud835\udc1c\ud835\udc2a\ud835\udc2e\ud835\udc22\ud835\udc2b\ud835\udc1e \ud835\udc27\ud835\udc1e\ud835\udc30 \ud835\udc2c\ud835\udc24\ud835\udc22\ud835\udc25\ud835\udc25\ud835\udc2c \ud835\udc1f\ud835\udc1a\ud835\udc2c\ud835\udc2d\ud835\udc1e\ud835\udc2b. Together with the previous argument, \ud835\udc22\ud835\udc27\ud835\udc1c\ud835\udc28\ud835\udc26\ud835\udc1e \ud835\udc22\ud835\udc27\ud835\udc1e\ud835\udc2a\ud835\udc2e\ud835\udc1a\ud835\udc25\ud835\udc22\ud835\udc2d\ud835\udc32 \ud835\udc1c\ud835\udc28\ud835\udc2e\ud835\udc25\ud835\udc1d \ud835\udc27\ud835\udc1a\ud835\udc2b\ud835\udc2b\ud835\udc28\ud835\udc30, which seems to be already happening (of course, more factors are at play here).

These are a few of the arguments that, in my view, warrant cautious optimism. Nevertheless, disruption will happen. Individuals will have to reskill, and society at large will have to work hard to smooth the transition. <\/p>\n\n\n\n

MultAI.eu<\/a> <\/strong>assists companies with this transition by granting employees access to the latest LLMs in a safe and collaborative environment. It offers the fastest, easiest, most cost-effective, and most efficient way to embark on the AI journey<\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

I resisted the temptation to have a GenAI summarize the\u00a0\ud835\udc04\ud835\udc1c\ud835\udc28\ud835\udc27\ud835\udc28\ud835\udc26\ud835\udc22\ud835\udc1c \ud835\udc08\ud835\udc26\ud835\udc29\ud835\udc1a\ud835\udc1c\ud835\udc2d \ud835\udc28\ud835\udc1f \ud835\udc06\ud835\udc1e\ud835\udc27\ud835\udc1e\ud835\udc2b\ud835\udc1a\ud835\udc2d\ud835\udc22\ud835\udc2f\ud835\udc1e \ud835\udc00\ud835\udc08\u00a0report by Andrew McAfee (MIT). At around 20 pages long (excluding references), the report delivers on the title\u2019s promise in less than one hour of reading. It explains how \ud835\udc06\ud835\udc1e\ud835\udc27\ud835\udc00\ud835\udc08 \ud835\udc22\ud835\udc2c \ud835\udc1a \ud835\udc20\ud835\udc1e\ud835\udc27\ud835\udc1e\ud835\udc2b\ud835\udc1a\ud835\udc25-\ud835\udc29\ud835\udc2e\ud835\udc2b\ud835\udc29\ud835\udc28\ud835\udc2c\ud835\udc1e \ud835\udc2d\ud835\udc1e\ud835\udc1c\ud835\udc21\ud835\udc27\ud835\udc28\ud835\udc25\ud835\udc28\ud835\udc20\ud835\udc32 that is rapidly improving, becoming pervasive, and spurring […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[19,38,10,40,39],"class_list":["post-165","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-genai","tag-labor-market","tag-llm","tag-productivity","tag-unemployment"],"yoast_head":"\nA new report explores the economic impact of generative AI - MultAI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/multai.eu\/de\/a-new-report-explores-the-economic-impact-of-generative-ai\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A new report explores the economic impact of generative AI - MultAI\" \/>\n<meta property=\"og:description\" content=\"I resisted the temptation to have a GenAI summarize the\u00a0\ud835\udc04\ud835\udc1c\ud835\udc28\ud835\udc27\ud835\udc28\ud835\udc26\ud835\udc22\ud835\udc1c \ud835\udc08\ud835\udc26\ud835\udc29\ud835\udc1a\ud835\udc1c\ud835\udc2d \ud835\udc28\ud835\udc1f \ud835\udc06\ud835\udc1e\ud835\udc27\ud835\udc1e\ud835\udc2b\ud835\udc1a\ud835\udc2d\ud835\udc22\ud835\udc2f\ud835\udc1e \ud835\udc00\ud835\udc08\u00a0report by Andrew McAfee (MIT). 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