15.7 trillion US dollars! The significance of AI for the global economy may be hard to imagine

With the rapid development of artificial intelligence technology, some research institutions began to evaluate their economic value.

On Wednesday, PricewaterhouseCoopers released a report saying that by 2030, the contribution of artificial intelligence to the world economy will reach 15.7 trillion U.S. dollars, which exceeds the current total of China's and India's GDP. From a geographical point of view, China and North America are expected to become the largest beneficiaries of artificial intelligence, with a total benefit of US$10.7 trillion, accounting for nearly 70% of global growth.

On the same day, Accenture pointed out in its research report that artificial intelligence will promote the annual growth rate of China's economy from 6.3% to 7.9% by 2035 by transforming its working methods and opening up new values ​​and sources of growth. Accenture believes that as a new production factor, artificial intelligence is expected to increase China's total economic value added by US$7.111 trillion in 2035. Thanks to artificial intelligence to help employees use their time more effectively, by 2035, artificial intelligence is expected to boost labor productivity in China by 27%.

PricewaterhouseCoopers believes that companies will use artificial intelligence technology to automate production and increase labor force. Ultimately, the productivity increase will contribute to the global economy by 6.6 trillion U.S. dollars. On the consumer side, as consumers increase purchases of customized, high-quality products, they will contribute 9.1 trillion US dollars to the global economy.

From an industry perspective, the three industries that benefited from artificial intelligence are retail, financial services, and biomedical. But in different regions, artificial intelligence has different effects on economic growth. The PricewaterhouseCoopers report states:

Artificial intelligence is expected to bring 10.4% GDP growth to Asian countries, 9.9% GDP growth (1.8 trillion US dollars) for North Europe, and 11.5% GDP growth (700 billion US dollars) for southern Europe.

In Latin America and Africa, which have gathered in developing countries, the application of artificial intelligence technology is less popular, so the effect of economic growth brought about by the economy is moderate, which is lower than 6% of GDP.

In addition to emphasizing the economic value of artificial intelligence, several research institutions have also seen the risks and impacts of artificial intelligence.

In the report, PricewaterhouseCoopers pointed out that almost no industry or any company can be affected by artificial intelligence, and the improvement of productivity alone can make the company more competitive in the transition process and even become a disruption to the market. By. The report emphasizes that companies that cannot use artificial intelligence may soon find themselves lagging behind their competitors in terms of time, cost, and experience, and may even lose market share.

Accenture Greater China President Zhuang Quanniang told Xinhua that as with any technology that promotes change, the challenges and risks posed by artificial intelligence need to be addressed. All stakeholders should be well prepared in terms of intelligence, technology, politics, ethics, and society to meet the development of artificial intelligence.

In addition, Yale University scholar Wendell Wallach pointed out at the Davos Economic Forum on Tuesday:

We need to find ways to cope with the possible negative social impacts (artificial intelligence), such as technology leading to unemployment. We have a moral obligation to ensure that the technology used is to serve the entire human population, not the small majority who are the most able to use technological advancement.