Artificial intelligence: a supply-side perspective
Artificial intelligence: a supply-side perspective
Publish Date: 2026-05-14 01:49:00
Source Domain: www.caixabankresearch.com
- Artificial intelligence (AI) enables machines to replicate human cognitive abilities like language comprehension and decision-making.
- AI development began in the 1950s and 60s but has experienced significant progress thanks to advances in large language models (LLMs), processing power, and data collection over the past decade.
- Recent developments in generative AI allow machines to create text, code, and audiovisual material by learning from vast datasets.
- Generative AI marks a shift as it can independently produce creative outputs without direct human intervention.
- These advancements are reshaping various fields by automating tasks that traditionally required human cognitive effort.
