AI has the power to amplify human effectiveness and revolutionize tasks and productivity in the business sector. The entry of AI in the crypto marketplace just made the technology more popular in the marketplace. Keeping the continuous growth of AI in mind, Goldman Sachs, the second largest investment bank, announced a hike in AI investment by the end of 2025.
The question is, Why did Goldman Sachs say this? What has he actually observed that is completely going to revolutionize AI in the near future?
Why is Goldman Sachs so Sure About This?
In terms of revenue, Goldman Sachs is the second largest investment bank in the world and ranks 55 on the Fortune 500 list. The firm is considered one of the essential financial organizations by the financial stability board and an industry leader in investment banking. On Tuesday, Goldman Sachs recently stated that “AI investment is going to touch around $200 Billion globally by the end of 2025”.
“AI has the potential to boost the economic and labor productivity on a global level”, said Goldman Sachs.
The speedy investment in AI is growing and is ready to influence the US GDP soon.
Goldman Sachs said in a report, developing AI has the capability to enhance global labor productivity in a year following widespread usage. The increasing demand for sustainable hardware and software is pushing the requirement of generative AI to scale making it one of the demanding factors in the near future.
Every business is driven to adopt large-scale transformation to happen, for which businesses require adaptation of AI in physical, digital, and human capital. Keeping this perspective in mind, Goldman Sachs firm presented thoughts on the growth and upcoming success of AI in the global marketplace.
Adaptation of new technologies and reshaping of businesses is challenging without AI, making advanced technology much more demanding soon. AI investment is estimated to hike to 2.5% to 4% of US GDP and around 1.5% to 2.5% of other AI leaders. The overall investment may reach $200 Billion by the end of 2025 and may enhance labor productivity and technology adaptation.
Also, advanced technology is going to influence the US economy between 2025 and 2030, Goldman Sachs stated.
What Makes AI More Valuable at Present?
The potential to fully automate the world made the concept of AI more significant and valuable. Automating complex problems, minimizing the operation time, and less resource consumption booming the need for AI in the current marketplace.
The value of AI at present is around $100 Billion and is predicted to reach $15.7 Trillion by the end of 2030. Also, the AI industry covers a wide number of industries and is ready to expand its roots in the Crypto landscape.
Conclusion
Goldman Sachs, a leading investment bank predicted the rapid growth and success of AI in the near future. According to the report, AI investment is about to hit $200 Billion by the end of 2025 and is all set to expand its branches in the crypto ecosystem.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/08/13/global-ai-investment-to-hit-200-billion-by-2025-goldman-sachs/