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Boosting R&D Could Lift Australia’s GDP by 3%, Report Finds
Australia is missing out on billions in economic growth due to underinvestment in research and development, a new report warns. The country’s gross domestic product could be increased by 3% if decision-makers focus on boosting investment in research and development. The Australian Academy of Technological Sciences and Engineering has released its ‘Boosting Australia’s Innovation’ report outlining a series of strategies…
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GenAI Could Add €1.4 Trillion to the EU’s GDP by 2034
Generative AI could add between €1.2 and €1.4 trillion to the E.U.’s gross domestic product within a decade, the equivalent of 8% of growth a year, a new Google report claims. The gains would come from employee productivity increases, the free time created from automating tasks, and the re-employment of people who once handled those tasks. The report, The economic…
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