Generative AI represents a step forward in the evolution of artificial intelligence, pushing the boundaries of what machines can achieve to unlock greater human potential and greater prosperity. We are at a pivotal moment where AI is becoming not only a tool for automation but also a catalyst for creativity and innovation, ready to reshape industries and economies. On both an individual and collective level, the access, sophistication, and capability of large-scale AI technologies promise to be transformational. This presents new opportunities for individuals, businesses and nations. Yet we are only beginning to unlock the immense potential of the AI generation, and we now face the opportunity and challenge of integrating the AI generation across the United States – from government to industry in through science – to generate breakthroughs and economic growth that benefits everyone.
To better understand this transformative potential, Microsoft and Accenture partnered to conduct an analysis of AI opportunities in the United States. Today we are publish a new document which provides an overview of the current state of the AI generation, its economic potential in the United States and the contours of its ecosystem, including the role that partnerships play in growth, innovation and, ultimately, wider adoption and diffusion of the AI generation. technology. The AI landscape is evolving so rapidly that we do not expect this paper to provide all the answers, but rather see it as a catalyst and contribution to the dialogue as we move forward.
The economic benefits that AI could bring to the United States in the coming decades are substantial. The growing generational AI ecosystem in the United States (with more than 1,500 small and large companies to date and billions in new investments each year) underscores the economic and strategic importance of this technology. The AI generation is more than a breakthrough: it is a key driver of American competitiveness and technological leadership on a global scale. Maintaining this advantage is not enough.
Like Brad Smith note A few weeks ago, it was almost certain that AI would be considered by economists as the world’s next great universal technology (GPT), which will have multiple applications and can be used in all economic sectors. TPGs have the power to reshape economies and societies, and they significantly boost productivity. The more widely a TPG is disseminated and adopted, the greater its contribution to productivity gains that stimulate economic growth.
Through public and private partnerships and a targeted strategy, our research has shown that we can expect an increase in labor productivity that will contribute approximately $3.8 trillion to the U.S. economy by 2038. The impact, however, extends far beyond these gains: the AI generation is set to generate substantial investments, fuel innovation, enable scientific breakthroughs, and support broader improvements in the health and well-being of Americans .
To fully realize the economic potential of the AI generation, we need to take a coordinated approach across industries, government, academia, civil society and the workforce. This collaboration is critical to ensuring that the United States is at the forefront of this technological revolution, driving widespread diffusion and adoption across all sectors, and reaping the benefits of its competitiveness, thereby shaping the impact of the AI generation on a global scale.
We hope this paper provides valuable insights and inspires actions to drive broader adoption of AI, and we look forward to continued dialogue as this transformational field evolves.