Technological change is a good thing. It has brought exponential gains to living standards and is the foundation of modern society. Yet unmanaged technological change has always come with risks and disruptions.

With another technological wave driven by Generative AI on the horizon, these experiences show that policy-makers should explore risks and benefits before deployment becomes widespread.

Generative AI can be economically disruptive through its impact on wage inequality, wealth inequality and potential job displacement. In other words, there will be winners and losers. In this report, the authors examine what policy's role in the future of AI could be.