Whether AI causes a recession is not something economists can answer with certainty. AI is a general-purpose technology that raises productivity in some tasks…
Mechanised manufacturing and steam power began replacing hand-based artisanal work in Britain, starting the first sustained wave of productivity-driven economic growth.
Henry Ford's moving assembly line cut Model T production time from 12 hours to 90 minutes, standardising mass production across manufacturing.
Economist Robert Solow observed that computers were visible everywhere except in the productivity statistics, despite widespread 1980s office computerisation.
A crisis in mortgage-backed securities and financial-sector leverage triggered the deepest global recession since the Great Depression.
Google researchers published the transformer neural-network architecture, the technical foundation nearly all major generative AI models are built on today.
OpenAI's public release of ChatGPT reportedly reached 100 million users within two months, one of the fastest consumer-technology adoption curves on record.
Enterprises moved from experimenting with generative AI to production deployment, while governments including the EU, US and India advanced national AI strategies.
No major central bank, the IMF or the World Bank has attributed an actual recession to AI adoption as of this writing; research treats AI's macroeconomic effect as an op…
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