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This article by Kirill Yurovskiy provides a comprehensive overview of how AI is transforming macroeconomic stability, covering key trends, technologies, and challenges.
Arthur Mensch said nations that don't set up their own AI infrastructure risk money flowing to other countries.
Oracle has revealed plans to invest $5 billion in the UK over the next few years as it looks to help the country become a leader in AI. Set to roll out over the next five years, Oracle's investment will look to meet the increasing demand for AI technology in the UK, expanding its Oracle Cloud Infrastructure (OCI) footprint across the nation.
OpenAI has launched a more powerful version of its o1 "reasoning" AI model, o1-pro, in its developer API. It's incredibly expensive.
It's hard to give a straight answer about AI's impact on the economy and jobs because of the widely varying predictions. The challenge lies in ensuring widespread access to AI tools and upskilling workers to utilize them effectively,
The bank predicts that productivity and GDP gains will start two years from now in 2027 and continue through most of the 2030s.
GDP prediction is a complex task, influenced by multiple economic factors such as government expenditure, foreign direct investment (FDI), remittance inflows, inflation, and official development aid.
An 'AI divide' is emerging within the UK economy and workforce according to a study commissioned by Microsoft, and led by Dr Chris Brauer at Goldsmiths, University of London. The Agents of Change study collected data from surveys with 1,