Macro Markets and Machines_The Economic and Market Transformation Driven by AI_GWM report - Flipbook - Page 47
Macro, Markets, and Machines
November 2025
Exhibit 40 – AI Holds Potential in Healthcare
250
200
150
100
50
0
1995
1999
2003
2007
2011
2015
2019
2023
# of AI medical devices approved by the U.S. FDA
Sources: Stanford HAI 2025 AI Index Report; Scotiabank Economics.
Public trust is essential. That means clarity around rights, accountability, and recourse: People should know
when AI is in the loop, how decisions are made, and how to challenge them. Risk-based safeguards, privacy
protections, and auditability are essential to scaling benefits, with explicit human accountability for
consequential decisions – especially where errors carry asymmetric harm. It is still early days, but the data
show a large share of the public remains unwilling to trust AI systems (Exhibit 41).
Exhibit 41 – A Trust Gap in AI Systems
Healthcare AI
Human Resources AI
Generative AI
AI in general
Trust in AI overall
0%
10%
20%
30%
% Unwilling to trust
40%
50%
% Ambivalent
60%
70%
80%
90%
100%
% Willing to trust
Note: Survey reflects 48k responses from 47 countries.
Sources: Melbourne University & KPMG (2025); Scotiabank Economics.
Scotia Wealth Management
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