AI’s potential productivity power

T. Rowe Price’s Dominic Rizzo, CFA believes that artificial intelligence (AI) has the potential to drive the most significant productivity surge since the electrification era. There’s more optimism surrounding the theme of AI compared to last year, fuelled by its rapid adoption and the creation of transformative applications. The better technology gets, the number of more promising cases appear. AI has arrived at a time where the global economy has been in low-growth mode since 2007, but has boosted it by raising trend productivity growth to high levels. The technology is expected to be a substitute...