General Purpose Technologies
General purpose technologies (GPTs) are technologies that have a widespread and transformative impact on society and the economy. They tend to be disruptive and create new industries, and can lead to major changes in the way that people live and work.
Examples of GPTs include:
- The steam engine: This technology revolutionized transportation and manufacturing in the 19th century, and played a key role in the Industrial Revolution.
- Electricity: The widespread adoption of electricity transformed many aspects of society, including communication, transportation, and manufacturing.
- The internet: The internet has had a profound impact on the way that people communicate, access information, and do business.
- Artificial intelligence: AI has the potential to change the way that we work, communicate, and interact with the world, and is already being used in a variety of applications, such as voice recognition, image analysis, and decision-making.
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