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- AI set to significantly increase productivity in the next decade, predicts "Dr. Doom", economist Nouriel Roubini.
- Recent McKinsey study showcases potential of generative AI to boost economic output.
- Software giant Salesforce introduces new AI tools to enhance worker productivity.
AI: the new age productivity booster
Economist Nouriel Roubini, often donned the name "Dr. Doom" for his gloomy predictions, projects an optimistic view of artificial intelligence (AI) and its potential to trigger a productivity miracle in the long term, he told Yahoo Finance.
Despite the currently low aggregate productivity numbers, Roubini believes we'll witness a significant increase in productivity due to AI, machine learning, automation, and other technological innovations in the coming years.
McKinsey's report: AI's economic potential
Adding weight to Roubini's optimism, a recent study from McKinsey detailed how generative AI could revolutionize economic output. The study highlighted 63 different AI use cases across 16 business functions, potentially generating annual economic benefits between 2.6 trillion and 4.4 trillion dollars.
Generative AI not only increases economic output but reshapes the work landscape. As per the McKinsey report, current generative AI and other technologies can automate work activities, taking up 60 to 70 percent of employees' time today. This implies a future where the capabilities of individual workers are significantly augmented.
Salesforce: AI at the helm
In line with these predictions, software giant Salesforce has introduced its new "AI Cloud" product to boost worker productivity. The company plans to utilize AI to auto-generate personalized content for customers and auto-generate code, among other applications. With most of Salesforce's new AI suite expected to roll out in the coming months, AI is set to become an even more integral part of the technology landscape.
Marc Benioff, Salesforce's co-founder, chairman, and CEO, went on record to say, "this AI wave is going to be the biggest that anyone has ever seen."
Nyhetstips: Tomas Wahlgren