BIS Identifies Four AI Development Paths, Warns Insufficient Demand Could Limit Long-Term Growth

According to the Bank for International Settlements (BIS) on June 29, new research identifies four potential scenarios for AI development, ranging from maintaining the status quo to transformative advances. The bank warns that as automation replaces labor, declining consumer demand could become the primary constraint on long-term economic growth, potentially deterring companies from further AI and automation investments regardless of technological capabilities.
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