Public sentiment toward GenAI is mixed, leaning to a less optimistic side. Allianz Research's survey of over 6,000 individuals across six European countries (Austria, France, Germany, Italy, Poland and Spain) showed 36% of participants expressing concerns about AI risks and 46% fearing job reductions. More troubling, 51% believe AI could widen the skills gap and increase inequality, with only 21% optimistic about its economic benefits.

This skepticism contrasts with expert projections. Goldman Sachs anticipates that GenAI could boost global GDP by 7% and lead to a 1.5% annual productivity gain in the U.S. over the next decade. McKinsey forecasts a global economic boost of up to EUR 16-24 trillion. Despite these optimistic predictions, concerns about inequality and job displacement persist.