AI – now and forever?Report Date: 7th November, 2014
Artificial intelligence (AI) is with us now and should be part of any investment strategy. AI extends the reach of technology to the service sector and knowledge jobs as much as to those traditionally manual sectors. AI can complement labour or substitute for it. AI can also create a world of superabundance or undermine living standards. Those countries that focus on preparing for AI will be winners in the investment race. The picture is worrying for emerging economies which will find they have lost their major comparative advantage of cheap labour; nothing is cheaper to run than a robot!
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