AI is pervasive. Here’s when we’ll see its real economic benefits materialize

Summary: The EU Parliament’s approval of the EU AI Act marks a pivotal moment in AI regulation, transitioning from theory to implementation. IBM supports this legislation for its balanced approach. Despite AI’s potential, productivity growth remains sluggish globally. Aging populations and debt constraints limit traditional drivers of GDP growth, necessitating increased productivity. AI, if deployed responsibly, offers a solution. Gartner predicts significant technology spending growth, driving economic expansion.

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