Will Artificial Intelligence increase economic growth?

Global investment in Artificial Intelligence (AI) is rapidly increasing across sectors, from manufacturing to services, with a focus on generative AI, leading to higher output in the sectors most involved. Higher capital per worker is also likely to drive future potential growth. The debate about AI as a substitute or complement to human labour is misplaced in the short term, as it can be both. The latest wave of AI is different from past technological innovations, as it affects creative and cognitive jobs as well as physical ones and routine cognitive tasks.