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ConceptGeneral Purpose Technology / GPT

General-Purpose Technology (GPT)

An economics concept referring to technologies that can permeate almost all industries and continuously give rise to complementary innovations, such as the steam engine, electricity, and the internet.

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Timeline (last 90 days)

Oct 25

Historically, the steam engine, electricity, the internal combustion engine and the computer have all been regarded as general-purpose technologies (GPT).

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Oct 25

The real economic dividend of large models may not have arrived yet, and may require waiting for complementary innovations and organizational restructuring.

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Oct 22

"General Purpose Technology" (GPT) refers to technologies that can permeate almost all industries and continuously spawn complementary innovations, with the steam engine, electricity, the internal combustion engine and the internet all being typical examples.

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