The artificial intelligence effect will increase the differences between European countries - Huffpost Italia

It is very difficult to try to understand the direction of the process. In Europe, AI provides a limited acceleration

Artificial intelligence (AI) will significantly change our economy.Because some professions will be replaced by their use, others will be born.We will witness a capital-labour trade-off with redistributive effects at the individual and global economic level.

It is very difficult trying to understand the direction the process will go, but it is not a futile exercise.The result must be controlled, and the worst thing in these problems is not to solve the problem.Narrowly responding to Europe, we can try to look into the future and make some "predictions": AI will provide limited progress;It will be especially beneficial to many countries;Strict regulation will limit its effects.

Looking to the future It is difficult to compare the AI ​​revolution with the past.

Firstly, the speed that AI has.If we take the threshold of 100 million people around the world in just a few months.It took seven years to reach 100 million users, nine years in fact, and even nine years for computers.

Second, AI carries with it the term "generative," which does not have well-defined contours.Basically, this means that using databases, it can suggest solutions or make decisions for people.More specifically, it's not good news: computers can already do this.Innovation refers to the ability to solve new problems using machine learning techniques, such as writing a letter from scratch with some information or code to solve a problem.

This topic is about political affiliation.Because it is related to the economic organization and competitiveness of the system.But it also has an ethical and geopolitical profile that goes beyond a purely economic dimension.

This second dimension is important.We have to think imaginatively about where to place the barrier between what a machine does and what a human does.This in itself is a difficult problem, which is made more complicated because the game is not only played across national borders, but has global implications.If AI is developed on other continents with different restrictions and then exported globally, placing restrictions on its use may prove futile.

We can try to dig deeper into it by limiting the scope to the impact of the AIA approval on the economy.A recent IMF study reported a dramatic increase in productivity of 1.1% over five years for Europe.Two channels are defined for increasing productivity based on AI: activity automation and performance fulfillment, where the first concerns the replacement of workers in the performance of individual tasks in a job;

The figures, although higher than those found in the United States, limit the scope of AIIt does not represent a solution to Europe's limited production, although it will have an impact on the economy, which will not be pleasant.

The study also shows strong variability between countries.People in the Mediterranean and Central Europe will benefit less than others.The richest people will benefit from AI for two reasons: first, wages are higher there, and therefore there will be more incentive to replace jobs with AI.Second, they generally have a more service-oriented and high-tech manufacturing structure, which may allow them to benefit more from AI adoption.It is therefore possible to support their convergence.Instead, it will increase the wealth gap between nations.

The study also highlights another aspect: regulation could reduce the benefits that AI would bring to the economy by more than a third.It affects personal data protection, European AI law and the world of work in general.This consideration raises a difficult choice between the protection of citizens and the development of AI.On closer examination, this is the wrong choice.Europe may decide to develop a regulation for the adoption of very complex AI, but if it loses the development race, it risks becoming a land of conquest for technology developed according to other standards, as is already the case with ChatGPT.At that point, we will be at a competitive disadvantage and may simply be excluded, at least in part, from the benefits that flow from AI adoption.

Europe manages to be proactive with its legislation on the innovation front, otherwise the debate risks becoming hollow.It is urgent and must take an approach in favor of the new law, otherwise it risks being fatal

Readers' comments

HuffPost believes in the value of comparing different opinions.Join the debate with other community members.