Tag: Economy
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Grab the Best AI Stocks Before They Blast Off
Discover how artificial intelligence (AI) is transforming the global economy with its impact set to be as large as the entire US economy. Companies worldwide are racing to create AI-powered tools, with the AI economy alone expected to reach $15.7tn by 2030. Discover how AI is set to revolutionize industries from energy to drug discovery.
Everyone’s Decreased Productivity is Becoming a Major Economic Concern
Productivity's decline poses a threat to the economy, as companies struggle to get enough output from their workers. AI tools could help boost it up to 30%, but the problem needs a quick solution to avoid a deeper downturn.
AI to Replace Average Office Workers in the Future
AI is disrupting white-collar workers in mid-career, increasing productivity by up to 14% and lowering the wages of higher-skilled workers. Skill gaps across society will widen due to AI adoption, according to The Brookings Institution.
AI tech integration can yield $150bn benefits to the GCC.
McKinsey predicts that AI tech could contribute $150bn to GCC economies – 9% of their GDP. Retail leads AI implementation, but challenges remain, say experts.
Alibaba’s Tongyi Tingwu Chat Tool Now Integrated with Messaging and Meeting Apps
Alibaba enters the AI race with Tongyi Tingwu, an assistant that generates text summaries from audio and video for improved productivity.