Since the launch of ChatGPT-3 in June 2020, AI has captured the public imagination in a manner like no technological development since the Internet. The widespread availability of ChatGPT-3 and subsequent enhanced versions, along with a constant stream of other AI products coming to market, seem to be heralding the dawn of an AI-powered economy and society. The reaction has been mixed, with optimism regarding the productivity gains that AI brings tempered by fears about the disruption and displacement of vast swathes of the economy.