If these sectors are combined and world economy is seen as a whole, the impact of AI is going to alter the world economic growth significantly as substantiated below:
Increase in Economic Output: A 2018 report by McKinsey Global Institute says that Artificial Intelligence has the potential to incrementally add 16 percent by 2030 to current global economic output. The major contributors to this figure are the automation of labor and innovations in products and services.
Disruption across the Sectors: However, in addition to its economic benefits, AI will also lead to significant disruptions for ....
