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Artificial Intelligence Will Bring $15 Trillion to the World Economy

Bank of America, in the statement it sent to its customers, emphasized the contribution it will make to the world economy by referring to artificial intelligence.
 Artificial Intelligence Will Bring $15 Trillion to the World Economy
READING NOW Artificial Intelligence Will Bring $15 Trillion to the World Economy

In just the last year, many artificial intelligences, especially Midjourney, DALL-E 2 and ChatGPT, have started to take place in our lives. Moreover, these services began to be used in many tasks performed by humans today.

While the development of artificial intelligence reminds the accelerated version of the technological development of the last 10 years, an important statement came from the banking giant Bank of America today. The bank stated that the artificial intelligence industry is about to experience its own “iPhone moment”.

Artificial intelligence will be the new technological revolution:

Sending a statement to their customers, bank strategists shared that artificial intelligence can reshape our lives. Strategists justified why they expect such a transformation in four points:

  • Democratizing data
  • Unexpected mass adaptation
  • Technological progress at “teleport speed”
  • Extremely high number of potential commercial uses

But that wasn’t the only important prediction: AI could contribute trillions of dollars to the world economy.

Bank of America also shared an estimate for the possible contribution of the artificial intelligence revolution to the world economy. According to the bank, artificial intelligence will contribute $15.7 trillion to the world economy by 2030. The global artificial intelligence market will reach $900 billion by 2026.

The first industries to reap the benefits of AI:

The bank also shared the sectors where artificial intelligence will contribute the most in the first place. Accordingly, technology will affect the software and cyber sectors, which cover areas such as technological hardware, cloud and analytics, especially processors, graphics cards and data centers in the early stages. But the biggest impact in the cyber world will be in terms of phishing used by malicious people…

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