Tech giant Google’s report says the rise of artificial intelligence (AI) represents the ‘most profound’ technological change of our lifetimes and could boost the UK economy by £400bn by the end of 2010. It is said that there is
In its first-ever report on the economic impact in the UK over a three-year period, Google said AI technologies such as its chatbot Bard and rival Microsoft’s ChatGPT could “boost” long-slow UK productivity. It has the power to “charge”. , by helping people get back to work and unlocking new ways of working.
The report estimates that the AI boost to the economy will equate to 2.6% annual growth, generating £200bn in additional revenues for public services and “turning around the recent growth slump”. The impact on some areas is not considered. work and business.
This change we are going through is the most profound platform change we have ever seen.
Debbie Weinstein, Google UK and Irish Physician
The group argued that AI would cause job losses in many sectors, but that the economic benefits and improvements in people’s daily lives would outweigh the damage.
Google also backed the need for regulation in its report, but stressed that regulation should be a “nuanced approach” that doesn’t stifle innovation in the field.
“This change we’re going through is the most profound platform change we’ve seen to date,” Debbie Weinstein, Google’s managing director for the UK and Ireland, told PA. rice field.
“We are very conscious of the impact this technology has on people.
“Obviously, some jobs will be lost, but there will also be entirely new jobs created.”
He said Google is focusing on “upskilling” its employees to ensure that they can reap the benefits of AI.
“We want to make sure everyone has the skills they need. I have,” she added.
This comes amid growing concerns about the impact of AI on jobs, industry, copyright, education, privacy and many other areas.
AI’s ‘Godfather’ Jeffrey Hinton recently resigned from his job at Google, saying that ‘villains’ will use new technology to harm others and the tools he helped create will spell the end for humanity. warned of the possibility.
“We recognize the fundamental change and the importance of getting it right while managing downside risk,” Weinstein told PA.
Google has proposed a coalition between governments, tech companies, businesses and educational institutions to launch a national skills agenda to ensure workers and businesses are not left behind as AI technology develops.
General practitioners and teachers” data-source=”Google”>
It also proposes the idea of a UK Research Cloud to “democratize access to accessible AI technologies.”
The report, produced in partnership with public policy research institute Public First, estimates that generative AI could save the average UK worker more than 100 hours a year, the biggest annual savings for workers since the advent of Google Search. It claims to be the biggest improvement for productivity.
It also said AI could save UK GPs and teachers more than 700,000 hours of office work per year, which could offset some of the cost pressures faced by the NHS and the education sector. the group thinks.
But the company agrees that regulation is essential as AI technology develops, and is “actively cooperating” with regulators around the world.
Calling for a “global approach,” Weinstein said governments must have a “sharp eye” and regulations must “protect the potential” of AI.
“This nuanced approach is important if the UK seeks a competitive advantage in attracting inward investment linked to agile regulation,” the group said in its report.
