This means an extra $116 billion of GDP over the next decade, considering the current levels of population, working hours, and employment.
“AI will likely raise productivity, but there is ongoing debate about the magnitude of this effect,” the commission said in the interim report.
Impact on the workforce
AI is anticipated to increase the demand for workers in some professions and decrease it for others, according to the PC report.
“Inevitably, this will involve both painful transitions for workers whose roles are made redundant and positive changes from new opportunities,” the report read.
The findings reflect previous global research that warned of the displacement of workers because of AI. The World Economic Forum in January said job disruption due to AI will equate to 22% of jobs by 2030, including 92 million roles displaced.