Generative AI, Managerial Expectations, and Economic Activity
PositiveArtificial Intelligence
- Generative AI has been employed to derive managerial expectations from a vast dataset of corporate conference call transcripts, leading to the creation of an AI Economy Score that predicts economic indicators such as GDP growth and employment.
- This development is significant as it provides a more accurate forecasting tool for economic activity, offering insights that can inform both macroeconomic and microeconomic decision
- The rise of generative AI also raises concerns about the risks associated with outdated technology, as highlighted by industry leaders, emphasizing the need for businesses to adapt to technological advancements to mitigate potential vulnerabilities.
— via World Pulse Now AI Editorial System
