Artificial Intelligence is going to scale at breathtaking speed. Heretofore seemingly impossible problems could be solved by software and other computational systems that learn and change by integrating new #data. These evolving systems should transform work and accelerate computational technology’s integration into all economic sectors. The adoption of learning systems could prove more momentous than the introduction of the internet, transforming every industry.
[Following text and graph right credits: ARK_Big Ideas 2022] "By 2030, AI software companies could produce $14 trillion in annual revenue collectively. The resulting $4 trillion in free cash flow could create over $80 trillion in enterprise value, up from $2.3 trillion in 2021, generating returns of 48% at a compound annual annual rate during the next nine years.
By 2030, AI hardware companies could produce $1.7 trillion in annual revenue
collectively. The resulting $350 billion in free cash flow could create $7 trillion in enterprise value, generating returns of 57% at a compound annual annual rate during the next nine years.
By automating the tasks of knowledge workers, #AI should boost productivity and lower unit labor costs significantly. Our research suggests that the market capitalization of AI hardware and software companies could scale at roughly 50% annualized rate, increasing from $2.5 trillion in 2021 to $87 trillion by 2030."