Expert insight

Joe Davis: AI as a general-purpose technology

June 25, 2024

New Vanguard research explores the importance of general-purpose technologies (GPTs) in driving periods of above-trend economic growth over the last 130-plus years. Our Megatrends research paper AI, Demographics, and the U.S. Economy suggests that artificial intelligence (AI) could prove to be the next GPT.

Here, Vanguard Global Chief Economist Joe Davis discusses social media and electricity—and the borderline between innovative and transformative technologies that AI could cross.

Joe Davis Megatrends video

Video length: 2:16


Notes: All investing is subject to risk, including the possible loss of the money you invest. 


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