The Impact of Generative AI on the Economy and Workforce

Dr. Michael Spence discusses the potential impact of generative AI on the economy and workforce, highlighting challenges faced by the global economy and the need for solutions to address productivity decline and promote sustainable growth. They compare the current move to a digital revolution through AI to the previous digital revolution, noting the different potential impact on the knowledge economy. The speakers discuss the impact of AI on different job sectors and the actions that need to be taken to ensure positive impact and regulation of generative AI.