NOTES FROM THE FRONTIER MODELING THE IMPACT OF AI ON THE WORLD ECONOMY : DISCUSSION PAPER Jacques Bughin, Jeongmin Seong, James Manyika, Michael Chui, Raoul Joshi
.-- McKinsey Global Institute 2018
.-- 61 p. tabl., gráf.
Continuing the McKinsey Global Institute’s ongoing exploration of artificial intelligence (AI) and its broader implications, this discussion paper focuses on modeling AI’s potential impact on the economy. We take a micro-to-macro and simulation-based approach in which the adoption of AI by firms arises from economic and competition-related incentives, and macro factors have an influence. We consider not only the possible benefits but also the costs related to implementation and disruption.