World News

Will AI drive explosive economic growth or is it just hype? | Technology

Share
Share

Nations and companies around the world are weighing up AI’s costs and benefits.

Almost one trillion dollars, that’s how much tech companies are estimated to be spending on building up the artificial intelligence industry over the coming years.

Supporters of the technology say AI will increase productivity, boost incomes and revolutionise the global economy.

But, a growing number of investors worry that AI will not deliver the huge profits they seek, at least not in the foreseeable future.

Critics also warn AI could replace human jobs and deepen inequality.

Calls are growing for regulators to come up with policies to leverage the potential of AI for the benefit of all humanity.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
US Supreme Court allows ban on transgender troops to take effect | Donald Trump News
World News

US Supreme Court allows ban on transgender troops to take effect | Donald Trump News

The United States Supreme Court has allowed a ban on transgender military...

Inter defeat Barcelona by equalling Champions League semifinal record | Football News
World News

Inter defeat Barcelona by equalling Champions League semifinal record | Football News

Inter Milan take their Champions League semifinal in record-equalling 7-6 aggregate score...

Indian military strikes Pakistan, Pakistan-administered Kashmir | Conflict
World News

Indian military strikes Pakistan, Pakistan-administered Kashmir | Conflict

NewsFeed Video captured the moment of an Indian military strike in Bahawalpur,...

How will Trump plan for tariffs on movies affect the global film industry? | Arts and Culture
World News

How will Trump plan for tariffs on movies affect the global film industry? | Arts and Culture

President Donald Trump orders 100 percent tariffs on imported films and those...