Author: Kenta Ikeuchi, Fellow, RIETI
In recent years, artificial intelligence (AI) has been attracting increasing attention. However, the attention focused on AI has two aspects—high expectations and concerns.
On the one hand, AI technology is expected to play a key role in improving the productivity of various economic activities. In particular, if economic growth is to be achieved in Japan, which has entered the era of an aging society, low birth rate, and population shrinkage, it is essential to improve productivity. Therefore, there are high expectations for productivity improvements using AI.
On the other hand, there are concerns that the development and use of AI technology will substitute some employment, at least in the short term, thereby increasing inequality
Image taken by Laura Musikanski and sourced from Pexels.