Generative AI and the economy

In late 2022, the power of generative artificial intelligence (AI) became apparent to the public with the introduction of Open AI, Google Bard, Microsoft Bing Chat and other AI platforms. Since then, as the technology’s capabilities have expanded, so too have its potential use cases. Just how transformational is generative AI likely to be and how are companies like Nationwide using AI today?  

Nationwide Executive Vice President and Chief Technology Officer Jim Fowler joined a recent Nationwide Market Insights podcast to talk with Nationwide Chief Economist Kathy Bostjancic about how the company is using AI and the potential for the technology to deliver increased levels of productivity for the economy.   

From use cases to Nationwide’s history with the technology and even AI’s estimated potential $4 trillion impact on the economy, it’s a fascinating discussion. Listen to the conversation here.