Joachim Nagel, President of the German Central Bank, has emphasized the transformative potential of generative artificial intelligence (AI) in boosting productivity. According to PANews, Nagel highlighted that the computational power needed for AI development is doubling approximately every 100 days, showcasing the rapid progress in the field. AI is now capable of handling increasingly complex tasks and delivering superior outcomes. However, he noted that the overall impact of AI on economic productivity varies significantly based on several factors, including the types of tasks suitable for automation, their relevance in the broader economy, the pace of AI adoption, and the specific professional sectors involved. This nuanced view underscores the importance of understanding AI’s role in different contexts to fully leverage its benefits.