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Drumbeat of artificial intelligence powers Big Tech
AI’s revenue potential is set to grow rapidly, with Big Tech companies the structural winners
Published Tue, Sep 5, 2023 · 05:59 PM
THE emergence of artificial intelligence (AI) has presented a new realm of possibilities and perils.
Despite initial displacements, AI, as in past technological innovations, will drive productivity gains over a longer time horizon.
According to McKinsey, AI could potentially deliver additional economic output of some US$17-25 trillion by augmenting labour productivity, reducing costs, and creating new revenue streams.
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