Nina Schick, a leading expert on generative AI, discusses the transformative impact of AI on business, politics and society. She's a renowned speaker and author who has worked with global leaders, businesses and institutions to help them understand and adapt to this rapidly evolving landscape.
AI will transform entire industries and facets of productivity, becoming a fundamental enabler for human creative and intelligent activity. Businesses must integrate AI into their long-term strategy and operations to remain competitive. Identifying priority areas where AI can deliver long-term value is crucial for successful digital transformation.
Generative AI will redefine the fabric of politics, influencing global power dynamics and societal structures. The technology has the potential to reshape the economy, labor market and societal structure, making ethics and responsible deployment critical. AI will challenge our understanding of what it means to be human, transforming not just work but also life.
The increasing demand for AI chips is driving up power usage, with data centers consuming significant amounts of electricity. The International Energy Agency projects global data center electricity consumption to more than double by 2030, reaching approximately 945 TWh. Meeting this demand will require a diverse energy portfolio, including renewables, natural gas and emerging technologies like small modular nuclear reactors.
As AI continues to evolve and improve, it's essential to consider its potential impact on various aspects of our lives. By understanding the opportunities and challenges presented by AI, we can work towards creating a future where this technology benefits society as a whole.
