The upcoming boom of artificial intelligence what does it mean for the global economy

Byadmin

Jun 25, 2024
The upcoming boom of artificial intelligence  what does it mean for the global economyThe upcoming boom of artificial intelligence what does it mean for the global economy

Artificial Intelligence (AI) is expected to fundamentally 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 are calling the golden age of AI.

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

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Pompliano described AI as a “strong tailwind” in a CNBC interview, predicting incredible progress in the next decade with its help. As AI becomes integrated into various fields, its profound impact on productivity and economic growth is expected, with Bitcoin being seen as a key asset for safeguarding the wealth generated.

Large tech companies are leading the way in AI innovation. Nvidia, known for its AI chips, has gained popularity with its advanced technology, surpassing even Microsoft and Apple. Meanwhile, Amazon is preparing to launch “Morpheus,” 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.

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