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Impact of Internet and AI on Productivity and Economic Growth
The emergence of the internet did not lead to the expected increase in productivity as many argued. Currently, there is no real economic growth in the world, and the developed world may even have negative economic growth. The speaker believes in the potential of AI as a general purpose technology that could drive economic growth, and cites the example of PCs being the last time actual economic growth showed up in productivity stats when they became ubiquitous.