AI is everywhere - it's set to shake up the media and entertainment scene big time—anticipated to hit $15.7 trillion by 2030, which is more than what China and India make combined!
Here are 5 more interesting facts from PwC's Global Artificial Intelligence Study:
1. By 2030, China's economy is expected to grow 26% from AI in media and entertainment, while North America will see a 14.5% increase. Together, they'll contribute about $10.7 trillion—nearly 70% of the global impact. That's some serious cash!
2. 8K resolution is already here, but requires better performance. While 4K is everywhere, expect 8K to blow up by 2025. Potential for 16K is growing steadily as well...
3. Potential AI Impact by industry (rated 1-5):
-Healthcare (3.7)
-Automotive (3.7)
-Finance (3.3)
-Transportation (3.2)
-Technology and Entertainment (3.1)
-Retail (3.0)
-Energy (2.2)
-Manufacturing (2.2)
4. Of the total economic impact, $6.6 trillion is expected to come from increased productivity, while $9.1 trillion will come from consumption-side effects.
5. By 2030, 45% of economic gains will come from AI product enhancements, focusing on increased variety, personalization, and affordability.
(Source: PwC's Global Artificial Intelligence Study | PwC)
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