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1、IMF IMF|Statistics1AI,Data,and the Update of the System of National AccountsNOVEMBER 21,2024Erich StrassnerChief,Real Sector Statistics DivisionIMF Statistics DepartmentIMF IMF|Statistics2AI and Data:MotivationAI and Data:MotivationSince the 2008 System of National Accounts(SNA)was published,product
2、ion of data is now fundamental to many business models,while most traditional businesses now produce some form of data to either increase returns or lower costs.A large amount of this data is used repeatedly in production for more than one year,but no fixed asset category currently exists outside of
3、 possible inclusion within databases.In addition,Generative AI has been progressively developing over the years,but a significant leap in usability and public awareness occurred around 2020 with the release of models like OpenAIs GPT-3.This model demonstrated advanced capabilities in natural languag
4、e processing,enabling a wide range of applications in various industries.Moreover,data is an input into the development of Large Language Models(LLMs).If we do not value data as an asset we may be mis-representing the LLM production function.Because of the current classification and definition withi
5、n the SNA,there has been growing concern that data and AI are not visible and being appropriately represented in the accounts,impacting the estimates of GDP,balance sheets,and productivity.Source:CIOSource:PixabyIMF IMF|Statistics3Investment in Intangible Assets(1)Investment in Intangible Assets(1)S
6、ource:World Intangible Investment Highlights:https:/www.wipo.int/edocs/pubdocs/en/wipo-pub-rn2024-32-en-world-intangible-investment-highlights.pdf IMF IMF|Statistics4Investment in Intangible Assets(2)Investment in Intangible Assets(2)Source:World Intangible Investment Highlights:https:/www.wipo.int/