It was amazing! Now AI will bring rain of money, the world will get 4.4 trillion dollars, know how?

Tech News Desk – On one hand, people have experienced new benefits with the advent of AI, on the other hand, the global economy is also benefiting greatly due to AI. According to a recent presentation at the World Economic Forum's annual meeting, AI can contribute $2.6 trillion to $4.4 trillion to the global economy in a year.

AI can also cause harm
Of course AI will benefit the global economy, but it cannot be ignored how it can harm careers, people's lives and society. Robert F. Smith, founder and CEO of American private equity firm Vista Equity Partners, said in the presentation that at least we have to eliminate the existing digital divide. The Internet has expanded rapidly around the world, yet more than 2.5 billion people still do not have access to it. About one-third of the world's population does not have access to online services that are most essential in today's digital world, such as finance, banking, education and healthcare, etc.

The digital divide must be eliminated
The Economic Times report states that according to a report, the digital divide exists even in developed countries. About 24 million people in America still do not have high-speed internet access. With current AI, three distinct opportunities will arise through which value can be created.

We're already seeing the first wave as hardware vendors are benefiting from AI. Talking about the second wave, AI will benefit other big companies like Google, Microsoft, Oracle, which have the ability to provide connectivity to compute widely. According to Smith, the third wave will benefit enterprise software vendors that provide AI and GenAI solutions in addition to existing products.

As AI evolves, companies and new start-ups are expanding their products and making money with new features at every step. We must commit ourselves to ensuring that everyone in every country has access to the internet, AI education and tools.