Explore the transformative potential of AI in this thought-provoking 12-minute talk by Miguel Paredes, PhD. Delve into the concept of general purpose technologies (GPTs) and their societal impact, focusing on AI's role in driving innovation and reshaping industries. Examine the balance between productivity gains and new value creation opportunities. Consider insights from influential figures like Bill Gates, Elon Musk, and Andrew Ng to evaluate whether AI represents hype or an inflection point. Envision a future where AI is consumed as a service and understand the crucial roles of data and human expertise in effective AI utilization. Analyze AI's implications on the labor market and the importance of focusing on augmentation and creation rather than imitation. Gain valuable insights into AI's transformative power and the opportunities it presents for individuals and organizations in the age of Intelligence as a Service.