Trillion dollar development model for Türkiye: Artificial intelligence revolution is at the door!

At the event organized by Google Turkey today, Country Manager Mehmet Keteloğlu stated that artificial intelligence offers an important opportunity for the global economy and societies. Keteloğlu said that according to McKinsey research, half of the economic growth in the last 50 years was due to demographic factors and half was due to technological transformations. So what did he say about Türkiye?

Stating that the greatest potential for global economic growth is productivity increase, in a period when workforce participation will stagnate or even decline in the coming years, Keteloğlu emphasized that artificial intelligence technology will play an important role in this increase.

Keteloğlu summarized Google’s goals in the field of artificial intelligence under four headings:

  1. Improving knowledge and learning
  2. Increasing creativity and productivity
  3. To increase innovation and enable everyone to innovate using these platforms.
  4. Developing technology responsibly

In other words, to improve knowledge and learning, increase creativity and productivity, increase innovation and enable everyone to innovate using these platforms, and develop technology responsibly. Keteloğlu drew attention to the importance of developing artificial intelligence responsibly, especially through regulation and guidance.

Stating that Google has recently launched many products in line with these goals at the Google AI event, Keteloğlu gave as examples AI Overview, which offers a new search experience, and Imagen Video, which produces visual content with text inputs. Keteloğlu stated that these products will enable even small tradesmen to produce creative solutions.

Keteloğlu emphasized that Google aims to make artificial intelligence technology accessible to everyone and provide social benefit. A separate study states that if generative artificial intelligence is widely used, there is a potential for an annual increase of over 5 percent in Turkey’s GDP, that is, an economic contribution of 1.2 to 1.4 trillion TL. Artificial intelligence can reduce price pressures and contribute to increased welfare by increasing production capacity.

It is predicted that 55 percent of the total employment of 31 million in Turkey will work with productive artificial intelligence. While some jobs are expected to disappear with the spread of artificial intelligence-supported automation, it is also possible that new job areas will emerge.

47 percent of employees believe that productive AI will positively impact their work. In the artificial intelligence-supported economy, it is expected that there will be no change in the unemployment level, thanks to new jobs that will replace the jobs that will be closed due to automation. So artificial intelligence will not take our jobs. On the contrary, it will lighten our burdens and new business and employment areas will emerge.

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