Episode 233: The Bankers’ Bookshelf – AI revolution: productivity boom and beyond

In this episode of “The Bankers’ Bookshelf,” host Paolo Sironi discusses the paper “AI Revolution: Productivity Boom and Beyond” with Christian Keller, Head of Economics Research at Barclays Investment Bank. The paper examines AI’s potential to drive significant productivity gains across industries, addressing the “productivity puzzle” where digital advancements haven’t translated into expected growth. Keller highlights historical lags between innovation and productivity, potential GDP measurement inaccuracies, and AI’s promise as a general-purpose technology. Key challenges AI could address include aging populations in developed economies, low productivity in developing countries, and the shift from manufacturing to services. The episode emphasizes the need for balanced regulation to manage AI’s rapid advancement and potential societal impacts. Sironi and Keller call for collaboration among industries, tech developers, and regulators to responsibly harness AI’s benefits, making informed business decisions based on this groundbreaking research.

Read now: https://www.ib.barclays/our-insights/AI-productivity-boom.html

Connect with Christian: https://www.linkedin.com/in/christian-keller-a520717

IBM FinTech Strategy and Author
About the Author
Paolo is one of the most respected voices in the FinTech industry globally, providing business expertise and strategic thinking to a network of executives among banks, insurers, startups and investment firms. Celebrated author on quantitative finance, digital transformation and economics theory, he explores the biological underpinnings of financial markets and how to bolster with technology and business innovation the global economy’s immune system in today’s volatile times.