Macroeconomic Growth Opportunities of Artificial Intelligence, 2024-2030

An Accelerated AI Investment Scenario will Propel Global GDP by $7 Trillion by 2030

AI’s impact on global businesses in the past decade cannot be overstated. Large-scale and real-time data analysis and highly accurate prediction capabilities of AI/machine learning (ML) algorithms are significantly improving decision making processes. Moreover, AI’s ability to take over routine and low-skill tasks will help firms shift their employees to higher-value-add activities, thus shifting to a higher productivity curve in the long term. The integration of AI has become a key competitive advantage, and as a result, private investments have scaled rapidly. This macroeconomic thought leadership report takes a quantitative and qualitative approach to analyzing the impact of AI on global economies and various industries between 2024 and 2030.

By 2030, AI investment will expand at a CAGR of 33.6% in the baseline scenario, whereas under the accelerated scenario, investments are forecast to reach $2 trillion. While China and the United States will remain leaders in AI private investments, the favorable policy support and exponential demand for AI applications within the European Union, Japan, Singapore, India, Malaysia, and Saudi Arabia will make these nations key participants in the global AI industry. AI’s accelerated implementation has the potential to propel the global GDP by over $7 trillion by 2030, underscoring its significance in shaping the global economic landscape.

This thought leadership report analyzes the macroeconomic impact of the ongoing AI transformation and uses a multivariate regression analysis approach to ascertain scenario-wise impacts on key economic indicators, such as GDP and labor productivity.

KEY FEATURES

• Key Themes
• Macroeconomic growth opportunities stemming from AI
• Countries to action: AI investment and policy outlook
• Impact of AI on Industries: a qualitative approach
• Growth opportunities