Economic and industry transformation
Integrating generative AI promises immense productivity gains through automating tasks across sectors, while potentially causing workforce disruptions due to the pace of change. According to PwC’s 2023 Global Artificial Intelligence Impact Index and JPMorgan’s 2024 The Economic Impact of Generative AI reports, AI could contribute up to $15.7 trillion to the global economy by 2030, boosting global GDP by up to 14%. This economic impact will be unevenly distributed, with China potentially seeing a 26% GDP boost and North America around 14%. The sectors expected to see the highest impact include (in order):
- Healthcare
- Automotive
- Financial services
- Transportation and logistics
JPM’s report highlights that AI is more than simple automation—it fundamentally enhances business capabilities. Future gains will likely spread across the economy as technology sector leadership evolves and innovations diffuse...