TLDR:
Key Points:
- AI advancements are changing the landscape of industries.
- Investing in research and development is crucial for adapting to the age of AI.
The article discusses the impact of artificial intelligence on various industries, highlighting the recent demo of OpenAI’s new product, Soro, which can create high-quality videos with just a text prompt. Despite a decline in funding for AI companies in 2023, the overall investment activity in AI remained significant. The article emphasizes the importance of adapting to the age of AI and investing in research and development to enhance productivity and stay relevant in the changing landscape. Pakistan’s low investment in R&D poses a challenge in the face of AI advancements, and the article urges the country to focus on improving total factor productivity through technology and skill advancements.