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This is a non-independent marketing communication commissioned by Baillie Gifford. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
It was the Microsoft founder Bill Gates who said that most people overestimate what they can do in one year and underestimate what they can do in 10 years. This tends to be true both individually and collectively.
Who would have predicted even five years ago that we would now be in the middle of what many have hailed as the most transformative period for the global economy since the Industrial Revolution? That is, of course, advances in artificial intelligence (AI).
Humanity has been innovating for millennia and continues to reap the rewards. Generative AI is merely the latest piece of evidence of this ingenuity, having come to the public’s attention at the start of 2023.
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