Digital EconomyOutlook 2024, Volume 1: Embracing the Technology Frontier

The evolution of the digital technology ecosystem is driving economic and societal changes, with the information and communication technology (ICT) sector at its core proving dynamic and resilient in the face of economic headwinds. As digital technologies like artificial intelligence, virtual reality and next generation networks permeate our lives and the economy, it is critical to unleash innovation responsibly, ensure that the benefits of these technologies are widely shared, and reduce the risks technological advances can pose to well-being and society.

Chapter 2: The future of AI

The artificial intelligence (AI) landscape has evolved significantly since 1950, when Alan Turing first asked whether machines can think. Today, AI is transforming societies and economies. It promises to generate productivity gains, improve well-being, and help address global challenges, such as climate change, resource scarcity and health crises. Yet, the global adoption of AI raises questions about trust, fairness, privacy, safety and accountability, among others. Advanced AI prompts reflection on the future of work, leisure and society. This chapter examines current and expected AI technological developments, reflects on the opportunities and risks foresight experts anticipate, and provides a snapshot of how countries implement the OECD AI Principles. In so doing, it helps build a shared understanding of key opportunities and risks to ensure AI is trustworthy and used to benefit humanity and the planet.