Hello, Quartz Index readers!
Much has been made about how artificial intelligence is going to transform our lives: Robots could make humans obsolete or solve intractable problems and free us to pursue our passions.
Consultancy firm PwC ran the numbers, and came up with a relatively rosy scenario with regards to the impact AI will have on the global economy: By 2030, global GDP could increase by 14%, or $15.7 trillion, because of AI.
Almost half of these economic gains will accrue to China, where AI is projected to give the economy a 26% boost over the next 13 years—the equivalent of an extra $7 trillion in GDP. North America can expect a 14.5% increase in GDP, worth $3.7 trillion.
Notably, there is no panic in the report about AI leading to excessive job losses—in previous reports, PwC has already tried to debunk some of the scarier forecasts about that. Instead the researchers recommend that businesses prepare for a “hybrid workforce” where humans and AI work side-by-side. In harmony? TBD. —Eshe Nelson
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