AI as General Purpose Technology Like Internet
Artificial intelligence is being described as a general purpose technology, similar to electricity or the internet. Economists note that such technologies often require time to demonstrate their full impact. Unlike a specific tool like an ATM for banking, AI has broader applications.
Topics
Developing
- 892d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 892d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 892d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 891d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
WAMU 88.5 DC
“kind of economic history can help us better understand what to expect. One thing that's different about AI compared to our bank teller, an ATM example, is that an ATM was just meant for banking. AI is what economists and others often call a general purpose technology, more like electricity or the internet. And something we see with general purpose technologies is they often take time to do something.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade