The use of generative artificial intelligence (AI) will expand Germany’s Gross Domestic Product (GDP) by 13% until 2040, according to a study published today by the consulting firm McKinsey.
Just in the use and application of this technology, Germany’s GDP could expand by US$639 billion through auto-generating text tools like ChatGPT or Bard, images like Stable Difussion and other AI programs.
This will also alleviate the shortage of qualified workers in Germany, given the aging population and immigration that is still insufficient to fill positions.
In the country, job vacancies have quadrupled since 2004 and will reach 800,000 in 2022.
According to the study, Germany has a solid basis to take a leading role in artificial intelligence in Europe or even the world.
“Europe needs local driving forces in a pan-European network to jointly shape the transformative power of generative AI and not fall behind the United States and China,” said Gérard Richter, head of McKinsey Digital in Germany and Europe, in statements cited by the DPA agency.
However, he warned that, unlike countries such as the United Kingdom, Switzerland and France, AI still lacks financial support in the German country.
In terms of the ability to create artificial intelligence applications, Germany was at the top of the European ranking and in third place in the world, behind the United States and China.
“Technology has the potential to automate some work, freeing people from routine tasks and thus creating new scope for creative work and innovation. This could also offset the overall slowdown in productivity growth in recent decades” , said Holger Hürtgen, partner at McKinsey.
Hürtgen, who added that the use of generative AI is especially promising for activities that require a high level of training.
“These activities are complex and therefore benefit greatly from optimization and automation,” he said.
In this sense, activities such as law, natural sciences, mathematics and computing would also benefit from the use of artificial intelligence.
On the other hand, physical jobs, such as those in the construction or agriculture sectors, would not show many changes, according to the study.
Source: Ambito
