Mumbai, Nov. 14 -- Moody's in its Global Macro Outlook mentioned that technology is advancing rapidly, with breakthroughs in AI, quantum computing, biotech, robotics and other fields each offering the potential for growth-fueling productivity gains over the next decade. Widespread adoption of these innovations - especially through open-source platforms - could result in benefits across both advanced and emerging markets. However, these developments also carry risks, it said. In particular, AI could render entire sectors and jobs obsolete, which could lead to higher long-term unemployment and associated economic and fiscal cost, if not actively managed.
The ratings agency further added that high expected earnings growth on the promise of AI...