Posted 12/18/2023, 10:06:52 PM
2023 Sees Major Tech Firms Accelerate AI Investments While Consultants Warn Laggards of Competitive Risks
- 2023 saw major tech companies roll out new AI products and services, with companies like Microsoft, Alphabet, Meta, Amazon, and Nvidia seeing stock price gains
- Consultants warn companies not adopting AI risk falling behind competitors
- Economists project AI-driven productivity gains could provide an economic boost, with Goldman Sachs estimating a 1.5 percentage point increase in annual U.S. productivity growth
- McKinsey estimates generative AI could add $2.6-$4.4 trillion annually in global economic value
- 2024 may see new AI capabilities emerge and increased government regulation around AI impacts