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AI’s potential damage to economies

Worlds collide as artificial intelligence removes more and more goods and products from GDP calculations

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    • In this millennium, technology has been a massive deflationary force for anything that computers, programmable machinery and automation can do.
    • In this millennium, technology has been a massive deflationary force for anything that computers, programmable machinery and automation can do. PHOTO: AFP

    Ryan Landolt

    Published Sat, Sep 9, 2023 · 05:00 AM

    LIKE many people, I have been thinking about artificial intelligence (AI) a lot lately.

    I am not a computer engineer or an expert in large language models. Although my thoughts and opinions are often the amalgamation of other people’s ideas, I like to think that I can synthesise concepts from diverse sources – plus some of my own insights – to come up with a conceptual framework that could help investors make informed decisions.

    It is not news that as technology advances, we become more sedentary, more enveloped in our own digital world. We become more reliant on systems to deliver things not just to our local supermarket, but now right to our doorstep.

    Artificial IntelligenceGlobal economy

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