According to this WEF article, artificial intelligence is already remaking modern business, and companies should get on board or risk being left behind.
This an interesting and insightful article.
I worry that the UK government has an effective policy for dealing with AI. There are three aspects.
Firstly, if UK business is not investing heavily in AI, it will be left behind and became uncompetitive. Surely, there’s a need for tax incentives?
Secondly, the UK public sector needs to be investing heavily in AI too to improve services and reduce costs.
Thirdly, millions of jobs will be eliminated by AI. The government needs to reskill people to add value rather than be a public burdon.