Generative AI models like ChatGPT are creating a business opportunity for companies and investors.
The impact of these models on workers and the economy is uncertain.
Generative AI could help upskill less skilled workers and revitalize the workforce.
Pursuit of human-like capabilities in AI models could lead to technologies that replace people with machines, driving down wages and exacerbating inequality.
There is optimism that generative AI could greatly benefit businesses and improve workforce productivity. It could add trillions of dollars in economic growth in the US within a decade.
The way we use the latest technology will determine whether we see a productivity boost similar to that from advances in semiconductors.
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