by Liam Tung, ZD Net
McKinsey’s latest forecast of AI’s impact on the global economy is that it will have generated $13 trillion in economic activity across the world by 2030, despite causing upheaval for many people. The company expects AI will add about 1.2 percent of additional GDP growth per year through to 2030, which is much higher than the steam engine’s boost to human productivity of 0.3 percent per year between 1850 and 1910, and twice the impact IT had in the 2000s. The company is expecting AI’s impact on growth to accelerate as the world approaches 2030 and that companies that move first on the technology will capture most of the benefits at the expense of companies that fail to adopt them. The company estimates that 14 percent of the world’s workers will need to change occupations and move to new sectors or different geographies.
https://www.zdnet.com/article/mckinsey-ai-will-create-13-trillion-in-value-by-2013/
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