Key points:
• AI is expected to be a transformative technology that will reshaped economies and societies
• Historically, technological change has been driven by the adoption of general-purpose technologies (GPTs), such as electricity, personal computers, and mobile phones
• The key to successful AI adoption will be developing national strategies to harness its potential and skilling initiatives to position citizens to thrive in the AI-driven economy
Path to the Future of Technology
As the world looks ahead to another national election in the United States and beyond, the importance of navigating technological change is taking center stage. With advancements in life sciences, energy, and climate technology just on the horizon, experts agree that AI will drive the most significant opportunities over the next 25 years. [bold emphasis] Microsoft and leaders around the world recognize that developing national strategies to effectively harness AI’s potential and investing in skilling initiatives will be crucial for ensuring its broad adoption across all sectors of the economy.
Historical precedent shows that the spread of technological advancements has been closely linked to the adoption of general-purpose technologies (GPTs). A GPT has multiple applications and can be utilized across every economic sector, driving productivity gains that fuel economic growth. Since the 18th century, economists have documented how GPTs have shaped economies and even economic balance among nations. In "Technology and the Rise of Great Powers", Professor Jeffrey Ding demonstrates the impact of GPTs over the past 250 years.
To overcome the challenges posed by technological change, [Microsoft] believes that governments must focus on creating national skilling strategies to build upon existing disciplines like computer science and data science, anticipating how these fields will evolve into jobs and careers in the AI-driven economy.
Moreover, public trust must be earned by developing social acceptance for AI through solutions that create new opportunities for workers, invest in the construction of eco-friendly technologies, and address regulatory challenges to achieve balanced laws and regulations for AI. As governments adopt new regulations and technologies change the way we work and live, ensuring trustworthiness, safeguarding against abuse, and prioritizing transparency are critical factors that will define AI’s ability to make a positive impact.
As Microsoft CEO Satya Nadella emphasizes, [bold emphasis]"Ultimately, the world needs AI that is not only more powerful but also broadly accessible and trustworthy." With these words, Microsoft reinforces its dedication to the development of the next great GPT – AI.
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