The economic impact will be in the trillions of dollars worldwide. The role of major technologies related to language modeling (LLM) is of particular importance. It can increase the productivity of companies and organizations by automating tasks such as text analysis, information creation and extraction. It will reduce labor time and costs, and ultimately lead to growth in the gross domestic product (GDP) of countries.
What impact will Artificial Intelligence (AI) have on the economy?
Innovative technologies like generative AI have never egypt phone number list been seen before.” For example, the US Open AI’s interactive artificial intelligence (AI) “Chat GPT” is said to have had more than several million users within a few days of its release. AI-related projects and content from companies are also on the rise. As a result, each time more examples are adopted, we will enter a cycle of innovation in related technologies.
–The challenges facing the world in terms of AI technological development.
There are concerns that certain professions are under threat from AI. The first important thing is to use AI and keep humans at the center. It is essential that organizations and companies take responsibility for this.
Another challenge is ensuring security in the use of user data. While the introduction of AI carries risks, the best way for AI to complement humans is to divide their roles, such as leaving monotonous tasks to AI and allowing humans to focus more on tasks that require imagination and strategic
–For Japanese companies to survive the AI competition.
The share of R&D spending by Japanese companies is about 3% of GDP, which is very high in the world and a strength of Japan. However, Japan’s s across the width – or in a column? hare of the world’s patents has fallen to one-third in the past 20 years, and productivity and efficiency are declining. The key to achieving results is to focus on agile development, which involves prototyping and iterative improvement in a short period of time, and to quickly incorporate established technologies.
The role of agile startups will be important
but the growth of domestic startups in Japan is still slower than in the United States, Canada and other countries. Therefore, it will be important for lack data Japanese companies to engage with overseas high-tech firms through collaborations and other means to quickly integrate their knowledge and expertise.
–How should large companies deal with startups?
They should use their abundant capital to invest heavily in start-ups with new technologies and integrate them into their own businesses. It is difficult for large companies to respond quickly to cutting-edge technologies on their own, and start-ups have limited capital. Large companies can play a significant role in promoting the spread of cutting-edge technological innovation across an industry or economy.