Minister Says Deindustrialised Areas Could Benefit Most From New AI Zones

Minister Says Deindustrialised Areas Could Benefit Most From New AI Zones

Deindustrialised parts of the country could benefit the most from government plans to accelerate growth in Artificial Intelligence, a technology minister has told PoliticsHome.

Machine-made riches: AI's trillion-dollar promise faces human hurdles

Economic growth on par with the industrial revolution of the 19th century may be within reach, according to new research. Yet this technological bounty comes with conditions attached. Artificial intelligence could boost global economic output by up to 15 percentage points over the next decade, effectively adding one percentage point to annual growth rates, according to research published this week by PwC. This significant expansion—comparable to…

PwC: AI could boost economic output by 15%

Artificial intelligence has the potential to boost global economic output by up to 15 per cent over the next decade says new PwC research. This would effectively add one percentage point to annual gro...

A recent study by PwC reveals that artificial intelligence (AI) could increase the value of the global economy by up to 15% over the next decade. This would increase the rate of economic growth by one percentage point, the same as was recorded during industrialization in the 19th century.

The "Value in Motion" study released by the consulting and auditing firm PwC reveals that AI will have an impact on global GDP ranging from 1 to 15 points of increase over the next 10 years. This increase is based on four pillars: technological progress, responsible deployment of AI, clear governance, and enhanced stakeholder confidence.This study also shows that the rapid transformation of the economy is already underway: in 17 of the 22 sector…

The new strategy is framed in the “So You Can” campaign, which you can get to know at pwc.com. ...