Can Generative AI unlock productivity and growth?

If you want the economy to change, appoint business leaders who understand how to manage institutional change that remains business-friendly. — Reuters

IF you watched Nvidia chief executive officer Jensen Huang’s remarkable presentation at Taipei Computex last month, you would be convinced that artificial intelligence (AI) has ushered in a new Industrial Revolution, in which accelerated computing with the latest AI chips unleashed the power of doing everything faster, more efficient with less energy.

In this age of intense global rivalry and competition, including military power, AI, robotics and improved engineering promises a techno-utopian way to achieve dominance over rivals.