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The latest research from the KOF Innovation Group explores the introduction and spread of artificial intelligence (AI) technology in firms. The study finds that AI expertise is concentrated in closed groups, which could lead to a concentration of knowledge and increased dependence on a small number of technology providers. This could result in economic inequality and structural competitive disadvantages. Policymakers are advised to monitor the spread of AI technology and support the production and application of AI technology across different clusters. Understanding how technology-relevant information enters firms is crucial for successful adoption of AI technology. [Extracted from the article]

Artificial intelligence (AI) has recently experienced a breakthrough with applications like ChatGPT and Midjourney due to factors such as the availability of massive amounts of data, computing power, and advancements in neural networks and language models. The impact of technological progress on the labor market depends on the tasks involved in a job and how they can be replaced or changed by AI. Jobs that require intermediate cognitive skills, such as copywriters and administrative staff, may be at risk of job losses. However, professions that require extensive systemic knowledge, like scientists and doctors, will continue to exist with AI support. It is important for society to assist those who lose their jobs due to AI through social policy and retraining. The education and training system should focus on teaching critical thinking rather than just programming, and there should be a better understanding of how technology can be integrated into society. AI is considered a technological revolution that has the potential to change various sectors. While AI has superior capabilities in certain areas, humans still possess qualities like empathy, emotions, and social contextualization that are important in dealing with others. Europe, including Switzerland, is striving to compete with the US and China in terms of AI technology, but faces challenges in catching up. However, Switzerland is advanced in AI usage, with a well-developed start-up culture and successful knowledge transfer between universities and businesses. [Extracted from the article]