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The Promise and Peril of Generative AI

While tools like ChatGPT could displace millions of workers, they could also bring about the productivity growth needed to boost incomes and living standards. But to ensure that this powerful technology delivers widely shared benefits, we must heed the lessons of the last wave of digital innovation.

CAMBRIDGE – Ever since OpenAI released its ChatGPT chatbot last year, a growing number of analysts have been predicting that generative artificial intelligence will displace millions of workers and cause widespread economic upheaval. But how exactly will generative AI affect the global economy?

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