According to PANews, German central bank President Nagel said that generative AI is seen as having particularly great opportunities for productivity improvements.

The current development trend of AI is that the computing power required doubles every 100 days.

AI can now solve increasingly complex tasks and achieve better and better results.

However, estimates of the overall economic productivity gains that AI can achieve vary, as this depends on several aspects, starting with which tasks can be automated or supported by AI.

The impact of AI on productivity will depend largely on the importance of the tasks that AI performs or supports in the overall economy, as well as the pace at which AI is being adopted and the occupations in which it is being used.