Generative AI Could Boost Global GDP By 7% in 10 Years, Says Goldman Sachs New Report
Key takeaways
- Goldman Sachs report says global GDP could grow by $7 trillion if AI picks up
- 300 million full-time jobs and two-thirds of roles could be affected by AI, but new roles could come in
- AI has potential to transform industries — including finance and investing
AI is the new kid on the block, potentially changing how we work forever. Now investment bank Goldman Sachs have supported these claims, with their new report saying AI could bring a 7% increase in global GDP by 2033. Let’s get into what the report said and how you can leverage the buzzy new tech today.
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What did the report say?
Talk of AI has been everywhere since OpenAI released ChatGPT, prompting competitors to panic and companies to wonder how the technology can be leveraged for work. The report concluded AI could remove the busywork, helping industries like healthcare and software to focus on new innovations.
They’re quick to say that while up to 300 million full-time jobs could be affected by AI and two-thirds of occupations could see some of their roles automated, this doesn’t automatically mean layoffs. “….most jobs and industries are only partially exposed to automation and are thus more likely to be complemented rather than substituted by AI,” the report says.
Finally, the report said AI could increase the global GDP by $7 trillion and raise productivity growth by 1.5 percentage points in 10 years’ time. Not too shabby, we reckon.
AI is already filtering through to the masses, with chatbots like ChatGPT and Google Bard opening up the possibility of automating tasks. With enterprise-level AI integration just around the corner, several industries stand to benefit from the AI revolution.
Take the finance industry — trades and predictions could be handled by AI, leaving you to focus on other things instead of hours of research. In fact, that’s what we do here at Q.ai with our AI-powered Kits — so we know it works.
The bottom line
There’s a lot of chatter about AI right now. If the right guidelines can be established and industries can keep up with the changing times, AI has the potential to transform work and play for everyone. It already has AI investing, so we’d recommend checking out one of our Kits today if you want a first-hand experience of how AI could change the world.
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