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Experts at the McKinsey Global Institute predict an acceleration in the growth of the world economy by 1.2 percentage points at least for the next 10 years due to the extensive use of artificial intelligence. The McKinsey survey says that the contribution of artificial intelligence to global economic activity by 2030 will be about 13 trillion dollars. The model used by the institute suggests that by 2030 about 70% of the world's companies will use at least one form of artificial intelligence. The Chinese authorities plan that by 2030 China will become the world leader in the field of artificial intelligence. According to their estimates, the volume of the industry will exceed 1 trillion yuan by 2030.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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