• The U.S. has a first-mover advantage in developing AI technology, but it may face competition from China, which has more resources and fewer privacy concerns. | REUTERS
    The U.S. has a first-mover advantage in developing AI technology, but it may face competition from China, which has more resources and fewer privacy concerns. | REUTERS

BERKELEY, California – The first rule of forecasting, the financial journalist Jane Bryant Quinn once observed, is this: give them a forecast or give them a date; just never give them both.

So, here’s a not very bold forecast: Generative artificial-intelligence models like ChatGPT will revolutionize the economy. We just can’t say when.

Nor can we say where. Among the key questions lost amid the flurry of commentary on generative AI is which countries will benefit and which will not.

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