AXIOS January 16, 2024
DAVOS, SWITZERLAND — When it comes to the economic impact of artificial intelligence, is 2024 going to be more like 1987 or more like 1995?
Driving the news: That, in a nutshell, is the question beneath much of the (abundant) AI discussions taking place among global leaders and top thinkers at the World Economic Forum this year.
Why it matters: In the 1990s and early 2000s, a revolution in information technology helped fuel a productivity boom — and with it, an environment of rapid growth, rising wages and low inflation.
- Many in the Davos crowd envision something similar — or more significant — emerging from AI advances. Less clear is when.
- Yet the 1990s IT productivity boom didn’t arrive...
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