IMF: AI May Lift Europe Productivity by 1 Percent

According to a report by the International Monetary Fund, artificial intelligence could boost Europe's productivity by around 1% over the next five years. However, the report warned that these benefits might not be evenly distributed among countries and regions, with potential impacts including increased inequality, pressure on electricity grids due to higher energy demand, and growing reliance on foreign technology—especially given the dominance of the United States and China in developing AI models. The recommendations also called for strengthening economic integration and investing in European electricity networks to address the challenges arising from the expanded use of artificial intelligence.

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