The AI Boom is Yet to Come What Does This Mean for the Global Economy

Jun 25, 2024
The AI Boom is Yet to Come  What Does This Mean for the Global EconomyThe AI Boom is Yet to Come What Does This Mean for the Global Economy

Artificial Intelligence (AI) is expected to completely change the global economy, with an estimated increase of $15.7 trillion in revenue by 2030.

AI products equipped with cutting-edge technology are expected to dominate the future market, ushering in what many experts refer to as the golden age of AI.

In a recent report, PricewaterhouseCoopers predicted that AI will boost the global economy, adding $15.7 trillion by 2030. Industry figures such as Michael Saylor and Anthony Pompliano emphasized the potential for AI to create massive wealth, with Pompliano specifically forecasting significant growth in the US GDP due to the increased productivity from AI.

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Pompliano described AI as a “tremendous tailwind” in an interview with CNBC, predicting incredible progress with its help over the next decade. With AI integrated into various fields, its impact on productivity and economic growth is expected to be profound, and Bitcoin is seen as a key asset to safeguard the wealth generated.

Leading tech giants are at the forefront of AI innovation, with Nvidia gaining popularity for its AI chips and surpassing even Microsoft and Apple. Meanwhile, Amazon is preparing to launch “Metrus,” a new chatbot supported by a proprietary AI model from Olympus. This move will allow Amazon to compete with ChatGPT by providing unique real-time responses.