Generative artificial intelligence, when combined with other existing AI tools, has the potential to transform the way companies and individuals work, Moody’s Investors Service said in a report released on Friday.
It can bridge skills gaps, contribute to longer-term economic growth and address demographic challenges, particularly with regards to the ageing population in some economies.
Broader adoption can also accelerate technological innovation, initially benefiting services and creative industries but eventually spreading across most sectors, the report said.
Economies that are unable or unwilling to foster wide adoption of generative AI applications risk losing competitiveness with negative consequences for longer-term growth. For example, some countries have banned the use of ChatGPT over ethical and privacy concerns.
However, the extensive use of generative AI may also result in job losses across advanced and emerging economies. Therefore, governments will face the challenge of weighing up the benefits of broad adoption against the likely social pressures.
“Economies with large services sectors and high labour costs will be most vulnerable. Political tensions may ensue, creating dilemmas for governments in their approach to AI policy. Ethical and security issues, including misuse of the technology are further risks,” the rating agency said in the report.
The economic impact of generative AI may take time to become tangible and improvements will likely take time to feed through to economic growth, the report said.
This is because any productivity boost will “involve material changes to companies' internal business processes and to the way services and goods are produced”. It will also depend on how fast generative AI diffuses across whole countries and business sectors.
Currently, the development of technology is concentrated within a handful of large companies based in the US, the world’s largest economy.
Those countries and industries with easy access to generative AI will outperform which could further exacerbate inequality, according to the report.
Microsoft-backed OpenAI’s ChatGPT and Google’s Bard are two front-runners in the burgeoning field. This month, the Abu Dhabi government-supported research centre Technology Innovation Institute launched Falcon 180B – an advanced version of its flagship language model – to boost generative AI capabilities in the region.
Next month, the UAE will host Dubai Assembly for Generative AI, which aims to shape the future of AI and introduce governments and societies to the opportunities it provides.
“Barriers to entry are high because it is expensive to develop the technology and vast data sets are needed to train the models effectively. If the technology is not widely or easily accessible, too expensive to adopt, or if access to it is restricted due to corporate or national and geopolitical interests, the macroeconomic benefits may be fewer,” Moody’s said.
Generative AI could add nearly $4.4 trillion annually to the global economy and will transform productivity across sectors with continued investment in the technology, according to a new study by consultancy McKinsey.
It has “enormous” economic potential and could raise global labour productivity growth by more than one percentage point a year in the next decade, Goldman Sachs said in a report in July.
In the long term, AI-related investment could reach 4 per cent of gross domestic product in the US and 2.5 per cent of GDP in other AI-leading countries in the next 10 years, it said.
In the short term, AI investment could grow quickly in the next couple of years, approaching $100 billion in the US and $200 billion globally by 2025, the report added.
Moody’s said an effective regulatory framework governing the use of generative AI is necessary to thwart social, political and policy challenges. To maximise benefits and minimise misuse, it is also essential to address generative AI-related issues of ethics, transparency, privacy and security.
However, regulating the use of the technology will be “challenging and complex”, Moody’s said.
“This stems from the inherent complexity and surprising power of generative AI models. Its generation of original content means regulators may not be able to fully guarantee or truly evaluate the behaviour or output of such models before they are rolled out.”
Governments with strong institutions and policies are better positioned to develop credible regulatory frameworks, the report said.
Results
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Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Engine: 80 kWh four-wheel-drive
Transmission: eight-speed automatic
Power: 402bhp
Torque: 760Nm
Price: From Dh280,000
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
UAE currency: the story behind the money in your pockets
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How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
MATCH INFO
English Premiership semi-finals
Saracens 57
Wasps 33
Exeter Chiefs 36
Newcastle Falcons 5
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
CHATGPT%20ENTERPRISE%20FEATURES
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The Gandhi Murder
- 71 - Years since the death of MK Gandhi, also christened India's Father of the Nation
- 34 - Nationalities featured in the film The Gandhi Murder
- 7 - million dollars, the film's budget
The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5