At the Reuters NEXT conference held on December 11, Robin Vince, CEO of BNY Mellon, expressed optimism that the U.S. economy will experience growth under newly elected President Donald Trump. Vince noted that economic growth is crucial for the U.S., and Trump has made it clear that he believes in the nation's economic potential. He emphasized that as a financial institution with a 240-year history, BNY Mellon is committed to providing diversified financial services to its clients, including custody,

Recently, OpenAI announced an important personnel appointment, naming former U.S. Chief Economist Aaron Chatterji as the company's first Chief Economist. This former economist who worked under President Joe Biden will provide an economic perspective to OpenAI's research, focusing on the impacts of artificial intelligence (AI) on economic growth and employment prospects. Chatterji has a rich background in government work and previously served as a senior member of President Barack Obama's Council of Economic Advisers.

Recently, consulting firm Accenture released a new research report indicating that the UK's potential in generative artificial intelligence (AI) far exceeds that of other developed countries. The report shows that if this technology can be effectively utilized, the UK's economic growth could nearly double. Source note: The image is generated by AI, image licensed by service provider Midjourney. The report emphasizes that the greatest opportunity for generative AI lies in enhancing productivity, especially in the public sector. For instance, doctors could save up to five working hours each week, while business sales representatives may reduce their...

South Korea has seen its semiconductor exports reach an all-time high due to the soaring global demand for artificial intelligence, prompting the government to significantly increase its economic growth forecasts. According to the Ministry of Economy and Finance's statement on Wednesday, the government predicts that the country's gross domestic product will grow by 2.6% this year, which is 0.4 percentage points higher than the previous forecast. Meanwhile, the inflation rate remains unchanged at

McKinsey predicts that generative AI could increase global productivity by $2.6 trillion to $4.4 trillion annually over the next few years. Generative AI has the potential to automate high-income knowledge jobs, such as sales, marketing, and software development, on a large scale. AI automation is expected to initially take hold in wealthy countries, exacerbating the gap with countries like India that adopt it more slowly. Caution should be exercised regarding the potential impact of the rapid proliferation of AI technology on employment, taking into account risks such as algorithmic bias and data security.