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- US, Singapore, Sweden, the UK, and Switzerland are poised to gain immensely from AI.
- While China has made substantial investments in AI, its position remains around the midpoint.
- AI's global adoption promises swift technological progress.
Advanced economies at the forefront
Artificial intelligence (AI) is anticipated to significantly enhance economic growth in advanced economies like the US, Singapore, and Sweden. According to a study by Capital Economics, these nations are better positioned to harness AI's potential, reports Bloomberg.
The US leads the pack, with Singapore, Sweden, the UK, and Switzerland following in terms of potential benefits.
While China has made substantial investments in AI, its position remains around the midpoint among the 33 countries studied. Regulatory hurdles in China could potentially slow AI's spread.
Capital Economics’ researchers emphasize that AI will likely sustain the US economy's edge over China, stating: “The AI revolution reinforces the US's economic primacy.”
Sweden, with its robust technology sector and history of innovation, is particularly well-placed to benefit from such global competition and diffusion of AI technology.