Investment in artificial intelligence is growing quickly and could have a bigger impact on U.S. gross domestic product than the discovery of electricity or the advent of personal computers, Goldman Sachs said in a report Tuesday.has enormous economic potential and could boost global labor productivity by more than 1 percentage point a year in the decade following widespread usage,” wrote economists Joseph Briggs and Devesh Kodnani.
Those investments could reach around $200 billion globally by 2025, and will likely happen before “adoption and efficiency gains start driving major gains in productivity,” the bank said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AI could power US economy as investment hits $200B by 2025: Goldman SachsAI could power the US economy as investment in the sector is poised to hit $200 billion by 2025, a Goldman Sachs says
Source: BusinessInsider - 🏆 729. / 51 Read more »
AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs.GoldmanSachs predicts investment in AI could soar to nearly $200 billion by 2025 and could eventually have a bigger impact on U.S. GDP than electricity and PCs. GoldmanSachs In an Aug. 1 investment report, Goldman Sachs economists Joseph Briggs and Devesh Kodnani predicted that AI could pull as much as $200 billion in global investments by 2025 — with half of that in the United States — boosting its gross domestic product (GDP). GoldmanSachs While past tech booms spurred by the introduction of electricity and PCs saw GDP grow 2%, GoldmanSachs economists estimated that AI could account for up to 4% of GDP in the United States and 2.5% in other nations that have already begun investing heavily in the technology.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Dallas investment firm sues WSJ reporter with lawyers from Dominion-Fox News caseBeneficient and its founder and CEO Brad Heppner -- both under investigation by the SEC -- filed a defamation lawsuit in federal court in Texas over a series...
Source: dallasnews - 🏆 18. / 71 Read more »