Final answer:
Accenture foresees AI as having the potential for both job creation and job destruction by 2035. Goldman Sachs predicts a possible global GDP boost by 7%, but concerns over job displacement and maintaining human values are also prominent. Effective management through regulation and human capital investment is crucial.
Step-by-step explanation:
The consulting firm Accenture has suggested that by 2035, artificial intelligence (AI) will have a mixed impact on the economy, with the potential for both job creation and job destruction. While Goldman Sachs predicts that AI could increase global GDP by up to 7% over the next decade, there is also concern about its potential to disrupt the labor market and put at risk or eliminate millions of jobs worldwide. The introduction of AI in the workplace represents a significant shift, wherein the technology not only enhances productivity but may also require new regulations and investment in human capital to manage inevitable employment shifts. It's not just about the economic impact, but also about ensuring that AI aligns with human values and safety, addressing the concerns of job loss, and maintaining the fine balance between cooperation and technological advancement.
In the broader context of innovation and economic activity, the growth of information and communication technology (ICT) has led to the creation of 'megafirms' like Amazon and Apple. These entities have transformed consumer experiences but also wield considerable influence over governments and workers. Governments are encouraged to foster innovation through policy and investment, especially in human capital, to ensure that shifts in employment can be managed effectively and that the benefits of ICT can be maximized across societal and environmental fronts.