A recent report has predicted that artificial intelligence will contribute to a global increase in GDP of around $15.7 trillion by 2030, exceeding the current GDP of China and India combined.
The report—by the leading professional services company “PricewaterhouseCoopers”, which describes AI as the biggest business opportunity of the 21st century, suggests that 45% of this growth will come from developing products to become higher quality and lower cost over time, significantly boosting consumer demand.
China is expected to benefit the most, with AI contributing to a more than 26% increase in Chinese GDP ($7 trillion) by 2030, followed by North America with a 14.5% increase ($3.7 trillion).
Studies indicate that sectors such as banking, high technology, and life sciences will be among those benefiting the most from AI. For example, in the banking sector, generative AI could provide additional value ranging from $200 to $340 billion annually, while in retail and consumer packaged goods, the impact could reach between $400 and $660 billion annually.
According to the World Economic Forum, AI tools may replace 85 million jobs by 2025 but will also create 97 million new jobs. What is required, according to the report, is the establishment of a new generation of competencies equipped with 21st-century skills.
