Tag: productivity
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Analysis:AI’s race to transform the world before the money runs out
LONDON, Oct 3 : Never has so much cash flowed into a new technology as is pouring into AI, eclipsing the sums splurged on railways or the internet when those technological revolutions sucked in capital.Cumulative spending globally on data centers alone could top $30 trillion by 2050, according to a projection
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How hotter weather is making us poorer
Heat waves, wildfires and floods have cascading economic impacts, causing incomes to decline and the price of basic goods to rise. The trend will escalate as temperatures continue to increase.
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Commentary: The perils of headphones in the office
Listening to music at work can send a lot of unhelpful messages, says Pilita Clark for the Financial Times.
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AI productivity gains may not curb inflation, IMF’s Tenreyro warns
LONDON, Aug 20 : Even if artificial intelligence boosts productivity, it may not lower inflation, the International Monetary Fund’s new chief economist Silvana Tenreyro warned in research published by Bank of England staff on Thursday.At first glance, higher economic productivity — producing more output for
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Why Japanese firms are being so slow to use AI
Japanese risk aversion and conservatism blamed for slow AI take-up by the country’s business sector.
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AI in Hungary could unlock productivity gains of €15 billion, McKinsey says
BUDAPEST, June 16 : Increased deployment of AI could unlock €15 billion ($17.42 billion) in productivity gains in Hungary by 2030, McKinsey said on Tuesday.AI could help Hungary close some of its productivity gap with European neighbours, the consultancy said, while warning that Hungary could fall further
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