AI Investment to Keep Rising and Boost World Economy, OECD Says

The surge in artificial intelligence investment that has buoyed world growth is set to continue and deliver longer-term gains, OECD Secretary General Mathias Cormann said.

The Paris-based organization, which earlier this month raised its forecasts for several major economies including the US, said then that tech spending is already providing support in the face of trade uncertainty.

“We do expect that the level of investment in relation to AI will continue to increase for some time,” Cormann said in an interview with Bloomberg Television. “Over the medium-to-long term we do expect a significant beneficial impact when ...