IT Home On October 10, it was reported that International Monetary Fund (IMF) Managing Director Kristalina Georgieva, in a speech delivered on the 7th of this month titled "Steering Steadily Through the Crosscurrents of an Ever-Changing World Economy," emphasized the impact of artificial intelligence on the global economy.
Georgieva stated that the positive demand shock brought by AI is pulling at the global economy alongside the negative shock to energy supply triggered by geopolitics, and the overall impact of these two forces is distributed very unevenly across the globe.
Global investment in AI as a share of GDP will reach and likely exceed the investment levels seen when railways, power grids, and communication networks were being built. The IMF expectsAI hardware and related technology products now account for more than one-tenth of total global goods trade, and this share continues to rise.
IMF research shows that, if applied properly, over time,Artificial intelligence could raise global economic growth by 0. 5 percentage points per year. If this benefit persists for a decade, it would bring the world an economy the size of ASEAN.
It is crucial to promote the global spread of AI technology and improve its accessibility. At some stage during the transition of AI from the current construction boom to the future realization of benefits, the risk to financial stability will be greatest.