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Welcome to the European Parliamentary Reset Service podcast on the economic impacts of artificial intelligence.

Save your or demon.

Despite the mixed views, there is global accord that artificial intelligence can greatly boost economic growth and productivity,

but it comes with equally serious risks,

such as rising inequalities or unemployment.

So what should the EU do, embrace the change,

or watch it from a safe distance?

Stay with us.

Artificial intelligence is already changing our lives and our economy whether in the form of

algorithms smart production machines or assistive technologies it is deeply transforming the way in which

people in modern societies live and work already today smart assistants on smartphones such as

syri help users in a number of ways,

and all Tesla cars are interconnected so that anything one of them learns can be shared across the entire fleet.

Artificial intelligence also matches prices in cars when one orders an Uber ride and curates what social media offered to a user based on their past choices. But with the rise of

artificial intelligence come many important questions. For example, how much will it affect

businesses, consumers and the economy in general? Employees want to know what artificial intelligence

means for their job and income. What businesses are eager to find out how to make the most out of it.

So what potential are we talking about exactly?

Well, the potential of artificial intelligence to revolutionise production and help address

major global challenges is recognised by many, including the OECD and the European Commission.

Thanks to rapidly increasing computing power and connectedness, large amounts of data

...