AI & Society: WTO Insights

by Archynetys Economy Desk

A ray of hope: Artificial intelligence is now also assessed by the World Trade Organization (WTO) in Geneva as a force that is changing the companies. A new study says:

Artificial intelligence begins to redesign the global economy.

According to this, global goods and service transactions would be increased by almost 40 percent by AI by 2040. This in turn leads to a “considerable increase in global GDP, which, depending on the scenario, should be between twelve and 13 percent.”

Not only important to know, but also important to implement: A stable, resilient and competitive power supply. The report says:

Data centers are already consuming more energy than the national energy consumption of Germany or France, and it is estimated that they will be exceeded by India’s national energy consumption by 2030.

Conclusion: The global economy, even if only half of the AI ​​euphoria, could enter a new super cycle of growth. Many of today’s problems – growth weakness, shortage of skilled workers, demographic chock – would not disappear due to accelerated productivity progress, but would move in a milder light.

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Published von Daniel Thomas Bayer.

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