They estimate that using AI will grow German GDP by 13% until 2040

The use of generative artificial intelligence (AI) will increase Germany’s GDP by 13% until 2040, according to a study published today by consultancy McKinsey.

By using and applying this technology alone, Germany’s GDP could expand by US$639 billion through automatic text generation tools such as ChatGPT or Bard, images such as Stable Difussion and other artificial intelligence software.

This would also alleviate the shortage of qualified workers in Germany, given an aging population and immigration that is still insufficient to fill jobs.

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In the country, job vacancies have quadrupled since 2004 and will reach 800,000 jobs in 2022.

According to the study, Germany has a solid foundation to play a pioneering role in the field of artificial intelligence in Europe or even in the world.

“Europe needs local driving forces in the pan-European network to jointly shape the transformative power of generative artificial intelligence and not lag behind the United States and China,” Gerard Richter, head of McKinsey Digital in Germany and Europe, said in quoted statements. DBA Agency.

However, he warned that, unlike countries such as the UK, Switzerland and France, AI still lacks financial support in the German state.

In terms of the ability to create artificial intelligence applications, Germany came at the top of the European rankings, and in third place in the world, behind the United States and China.

“Technology has the potential to automate some work, free people from routine tasks, and thus create a new field for creative work and innovation,” said Holger Hürtgen, partner at McKinsey. “This could also offset the general slowdown in productivity growth in recent decades.”

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Hürtgen, who added that using generative AI is particularly promising for activities that require a high level of training.

“These activities are complex and thus benefit greatly from optimization and automation,” he said.

In this sense, activities such as law, natural sciences, mathematics and computing will also benefit from the use of artificial intelligence.

In contrast, physical jobs, such as those in the construction or agricultural sectors, will not show many changes, according to the study.

With information from Telam

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