Artificial intelligence will be the largest wealth maker in history

Artificial intelligence will be the largest wealth maker in history

The evolution of artificial intelligence, artificial intelligence, is happening at record speed and suddenly it’s available for anyone to use.

The so-called “Fourth Industrial Revolution” of the future could create wealth for many, regardless of the starting point. That’s according to investor Matt Higgin, who heads RSE Ventures and is a guest on ABC’s “Shark Tank.” CNBC.

Higgin believes that AI could be the next revenue stream if you take advantage of its full potential.

– AI will be the largest source of wealth in history, because AI doesn’t care where you are born, whether you have money, whether you have a Ph.D., Higgins tells CNBC Make It.

Moreover, he believes that AI will break down the barriers that previously prevented people from moving up the ladder as a result of their prerequisites.

– It’s not that if you don’t jump on it now, you can never do it. Higgin says that now is your biggest opportunity to take advantage of it.

AI tools can be used to greatly increase productivity. For example, it can write emails, quickly read and translate documents, improve text, and create marketing and content plans to name a few.

Earlier this year, it became known that IBM halted hiring in part because the CEO believes that 30 percent of employees will be replaced by artificial intelligence and automation within a five-year period.

It will grow rapidly

New one a report From auditing giant PwC, it shows that the AI ​​market is expected to grow very rapidly in the next decade. Artificial intelligence is expected to change the productivity and GDP potential of the global economy. Therefore, strategic investments in different types of AI technologies are essential to achieve this.

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PricewaterhouseCoopers research shows that 45 percent of all economic gains by 2030 will come from product improvements that stimulate consumer demand. This is because AI will drive greater product diversity, with greater personalization, attractiveness, and affordability over time.

The largest economic gains from AI will be in China (26 percent increase in GDP in 2030) and North America (14.5 percent increase), totaling $10.7 trillion and accounting for nearly 70 percent of the global economic impact. . , she says.

Already valued at around $100 billion, the industry is expected to contribute $1,570 billion to the global economy by 2030.

Hanisi Anenih

Hanisi Anenih

"Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst."

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