Whether companies invest in or develop artificial intelligence, their stock prices depend on it, as it is predicted that the total artificial intelligence market will reach a staggering $1.35 trillion by 2030 with an annual growth rate of 36.8%1. This indicates that artificial intelligence is here to stay in our lives, and the sooner we learn to harness it, the greater the benefits. However, how can we avoid losing the most significant value to companies in the promising rise of productivity? Currently, the discussion revolves around the aspect of labor optimization. A recent Forbes survey showed that 64% of companies believe that artificial intelligence models like “ChatGPT” can increase their overall operational efficiency2. It is also forecasted that artificial intelligence will contribute to a 21% growth in the United States’ gross domestic product by 20303, demonstrating its potential to drive economic growth. Therefore, it is expected that in the face of a labor shortage, companies will increasingly turn to artificial intelligence.
Read the full article here. (The original article is in Latvian)
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