Artificial Intelligence as General Purpose Technology: A Conceptual Framework

Takudzwa Fadziso

doi:10.18034/ajase.v5i1.79

Authors

Takudzwa Fadziso Institute of Lifelong Learning and Development Studies, Chinhoyi University of Technology, ZIMBABWE

Keywords:

Artificial Intelligence

General Purpose Technology

Employment

Abstract

Artificial intelligence (AI) and its many potential applications 1 will become a fast-growing industry 2, and many predict that it will completely change the way we live and work. Microsoft co-founder Bill Gates said AI is "on the verge of making our lives more productive and creative." From the economic perspective, 54% of EU jobs, according to research, and 375 million world jobs will be affected by AI automation. This paper aims to test whether AI will emerge as General Purpose Technology (GPT). Historical dissemination of GPT to model the potential impact on the UK economy, especially with regard to productivity 5 and employment.

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