The potential impact of AI is akin to the proliferation of the personal computer, the Internet, and the smartphone and then some! Impacts to the way we live and work are one thing but what would be the global economic impact of AI?
Instead of simply projecting AI’s market value, analysts at IDC took a holistic approach to measure its true economic influence. Their team crafted an input-output model that blends supply chain data with end-user activity across global markets, creating a multiplier that assesses AI’s total economic input for each dollar spent. This expansive method goes beyond market capitalization, offering a panoramic view of AI’s reach across industries and geographies. The result? A striking $19.9 trillion estimate for AI’s global impact.
The Business Insider article dives into other AI projection models, sharing how IDC hits the nail on the head. Read the full Business Insider article: “Everyone wants to know what AI is worth. One investor looked to the past for the $20 trillion answer.”
