AI and the G20: Striking a balance between innovation and governance

The economic benefits of Artificial Intelligence (AI) are no longer speculative; they are both measurable and transformative. According to Goldman Sachs Research, AI could drive a 7% boost in global GDP, lift productivity growth by 1.5% over a decade, and create considerable positive social impact. Representing nearly 85% of global GDP, the G20 has both the influence and capacity to lead in this transformative era. Reflecting on its pivotal role in addressing the 2007-2008 global financial crisis, the G20 has demonstrated its ability to provide decisive leadership during periods of economic transformation. This history uniquely positions it to guide the integration of AI into global economies and establish a robust framework of global governance.

Watch the introduction video and download the full brief below.