AI Projected to Boost Global Economy by Up to $20 Trillion by 2030
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Artificial Intelligence (AI) is poised to significantly enhance the global economy, potentially adding $15 to $20 trillion by 2030, according to a report by SFC Today. AI adoption in businesses is expected to reach 78% by 2025, driving a 1.5% annual increase in global productivity. The technology's transformative impact is compared to that of electricity, with benefits arising from job automation, innovation, and improved decision-making.
Despite the economic potential, the AI revolution presents challenges such as job displacement and ethical concerns. Major economies, including the U.S., China, and the EU, are investing heavily in AI infrastructure to maintain competitive advantages. The report highlights the importance of reskilling workers and developing inclusive AI systems to fully leverage AI's benefits while addressing associated risks.Source:Show Original
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