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AI’s growth-boosting potential to have greater impact than job market disruption risks

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As a general-purpose technology, AI can now be applied in any field, ranging from cancer diagnosis and urban planning to fraud detection.

As a general-purpose technology, AI can now be applied in any field, ranging from cancer diagnosis and urban planning to fraud detection.

PHOTO: REUTERS

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SINGAPORE - Artificial intelligence (AI), a technology nearly half a century in the making, has finally taken the world by storm.

 AI-powered chatbots,

such as ChatGPT

, have captured the imagination of people around the world, thanks to their broad utility. Meanwhile, the recent

blockbuster financial results

of the world’s leading AI chipmaker Nvidia Corp demonstrate that smart money is now pursuing the AI dream.

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