The A.I. boom will boost corporate profits 30% or more over the next decade, according to a Goldman Sachs senior strategist

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Many economists and consumers are worried about the impact artificial intelligence (A.I.) technology could have on employment moving forward. But for corporations, the A.I. revolution is set to bring in record profits as productivity booms, according to Goldman Sachs. 

"Over the next 10 years, A.I. could increase productivity by 1.5% per year. And that could increase S&P 500 profits by 30% or more," Ben Snider, a senior strategist at the investment bank, told CNBC Thursday.