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According to the head of Russian bank Sberbank, Artificial Intelligence (AI) will see a sixteen-fold increase in to the pool of global GDP, to become worth US$ 16 trillion in this period. This fact has been reiterated by a study conducted by the McKinsey Global Institute which put AI-induced annual GDP growth to about 1.2 % for a decade. This will lead a huge demand for talent recruitment of specialists in this area. Consulting firm PwC also confirmed that about 7.2 million jobs will be created in the UK alone, where 7 million jobs will also be lost. So, that will be a net gain of two-hundred thousand jobs, silencing the fears of job losses.

Source:https://www.rt.com/business/444240-ai-global-gdp-growth/

Uploaded Date:21 November 2018

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