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Artificial intelligence boosts GDP across a continent

Its introduction could boost Africa's GDP by USD 1.5 trillion

Oct 18, 2024 15:21 88

Artificial intelligence boosts GDP across a continent  - 1

Africa has huge potential for applying AI-based technologies intelligence (AI), which can increase the total GDP of the continent by 1.5 trillion. USD by 2030 "According to forecasts, AI will bring 1.5 trillion. USD to Africa in the next 5 years. For the whole world, this figure will be 13 trillion. USD for the period in question," said Google's director for the West Africa region, Olumide Balogun, at a conference held in Nigeria.

According to the International Monetary Fund, the total GDP of African countries this year is 3.35 trillion. USD.

Balogun believes that AI will spur creativity, create and transform jobs, help launch new businesses, and enhance the capabilities of both the employees of multiple companies and entire groups of people involved in the innovation process. “All this will increase the quality of work and contribute to economic growth,”, he noted.

According to a Google representative, an investment boom in the global AI sector can be expected by 2030-2035.