Journal Article

Opinion: Artificial Intelligence: Potentials and Prospects

Abstract: We are at the dawn of a new technological revolution. The recent development of artificial intelligence (AI), especially the emergence of generative AI, has offered a plausible future in which machines will eventually free humans from a wide range of cognitive tasks, unleashing vast creativity and productivity gains.

Keywords: Artificial intelligence; technology; productivity;

Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Econ Focus

Publication Date: 2024-08-13

Volume: 24

Issue: 3Q

Pages: 32