AI is pointless if it does not boost productivity

Adopting AI does not mean it will help us address the biggest, most persistent challenges that our societies face (File/AFP)

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It has become all but impossible to ignore the breathless media coverage of artificial intelligence. The technology’s accelerating progress is treated as an inevitability, a prospect that induces both excitement and existential fears about the future. Judging by the lofty stock-market valuations of firms on the cutting edge of the industry, markets seem convinced that we have entered a technological revolution.