Generative artificial intelligence (AI) will significantly increase productivity in major economies around the world over the next decade, and therefore raise the long-term GDP growth expectations for the United States and several other major economies, according to the latest report released by Goldman Sachs Group. This forecast is based on the wide application of AI technology in various industries, including manufacturing, service and information technology, and is expected to significantly improve work efficiency and innovation capabilities.
Specifically, Goldman Sachs expects that by 2034, AI technology will contribute 0.4 percentage points to US GDP growth, bringing US GDP growth to 2.3%. This growth is mainly due to the application of AI in automation, data analysis and decision support, which will help companies optimize production processes, reduce costs and improve product quality.
For the euro zone, Goldman Sachs predicts that the region's economic growth rate will reach 1.4% by 2034. This growth is also due to the widespread use of AI technology, especially in key areas such as financial services, healthcare and manufacturing. AI will help these industries improve efficiency, innovate products and services, thereby driving overall economic growth.
However, Goldman Sachs also pointed out that it takes time for companies to adopt these new technologies, and the economic impact of AI will take years to manifest. Despite some uncertainty, overall, generative AI will have a positive impact on productivity and GDP growth in major economies around the world over the next decade.
In addition, Goldman Sachs' report also highlights the potential applications of AI technology in areas such as education, scientific research and public services. These applications can not only improve work efficiency, but also promote social progress and improve quality of life. For example, the application of AI in the medical field can help doctors diagnose diseases more accurately and provide personalized treatment plans, thereby improving patients' treatment effects and quality of life.
In short, Goldman Sachs' report is optimistic about the future development of generative AI, believing that it will inject new impetus into global economic growth. With the continuous advancement of technology and deepening application, AI will play an increasingly important role in various fields and push the global economy to a new height.