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Artificial Intelligence at the heart of the economy

  • 7 July 2026
  • Philippe Waechter
  • AI
  • Artificial Intelligence
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Artificial Intelligence is no longer a promise: it is already an everyday tool and, at the same time, the driving force behind a new industrial revolution.

An everyday tool, it has become ingrained in our phones and our habits: writing, summarizing, translating with an ease unimaginable until recently. It simplifies our relationship with technology — and our daily lives.

The industrial revolution, because it is cross-cutting: it transforms the functioning and organization of the economy. Above all, it spreads at an unprecedented speed, without the heavy infrastructure that had slowed down past revolutions.

And yet, it is worrying. Four uncertainties dominate.

The first concern relates to employment. Steam engines, electricity: each industrial revolution has fueled fears of job replacement. In retrospect, each time, technology has created more jobs than it has destroyed—but with a lag, sometimes a long one. With AI, the concern is changing: the machine is attacking cognition, the ability to think, to learn, to find solutions. Now it is white-collar workers who feel threatened. A degree is no longer a shield.

The second point concerns the macroeconomic effect. Mobile phones, personal computers, and the internet have transformed our ways of doing things without leaving a visible trace on the scale of the entire economy. If AI synthesizes all these advances, the gains could be considerable. But experience is clear: these gains take time to materialize. The global economy—and each of us—will benefit over the long term.

The third perspective places these collective gains within a broader context: demographics. There will be fewer working-age people and more retirees. Productivity gains linked to AI will facilitate income sharing between the two groups—and could defuse intergenerational tensions. On one condition: that everyone accepts the increasing integration of AI into their daily lives, because the mode of production and the organization of the economy are going to be revolutionized.

The fourth is geopolitical. If AI penalizes white-collar workers, it will penalize service economies more than industrial economies. It could then accelerate the catch-up of emerging countries: a new factor in the reshaping of the world.

Let’s not be fooled: industrial revolutions have never followed a linear and deterministic trajectory. The final impact was positive—on productivity, employment, and income—but the short term was marked by significant financial fluctuations and weakened businesses. This one will be no exception. It may not appear so today, but that’s what history teaches us.

The challenge is collective: being agile to take AI into account and take advantage of it: that is the key to a brighter future.

Related Topics
  • AI
  • Artificial Intelligence
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