AI could boost UK’s GDP by 10 percent by 2030

Artificial Intelligence (AI) is set to provide a major boost to the UK’s GDP over the next decade, new research has claimed. A new report by PwC says that by 2030, the country’s GDP could see a boost of around 10 percent thanks to AI — equivalent to around £232 billion. For PwC, this makes AI the biggest commercial opportunity today. In its biggest part, these gains will come from an increased consumer demand, which will result in a greater choice of products, more personalization and lower prices. To a somewhat lesser extent, improvement in productivity will also drive GDP gains. “Much of… [Continue Reading]
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