According to a PriceWaterhouseCoopers study, AI could contribute over $15.7 trillion to the global economy at the end of the decade, where $6.6 trillion is estimated to come from enhanced productivity and $9.1 trillion from consumption-side effects.
AI's ability to learn without human intervention and eliminate redundant tasks has driven high demand for the technology across industries, benefitting both software developers and chip makers. With a market cap of $3 trillion, Nvidia has led the AI boom and the stock market rally. It continues to aggressively build AI factories, Blackwell chips, and data centres to match growing demand.
