The European Central Bank is tracking artificial intelligence as a general purpose technology that could lift global living standards and expand the knowledge frontier by widening access to information and raising productivity, according to the ECB. Delivering those gains, the central bank argues, depends on many actors playing their part: developers of frontier models, builders of the AI infrastructure stack, entrepreneurs creating sector-specific products, the research community, energy system operators, the financial system, education and training sectors, and managers and workers redesigning business processes.
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