(MENAFN- Swissinfo) Switzerland has the highest growth potential in the field of generative artificial intelligence (GenAI) among 20 industrialised countries, according to an analysis by consulting firm PwC. In the best-case scenario, the sector could drive an increase in gross domestic product by tens of billions.
This content was published on March 4, 2024 - 11:39 2 minutes Keystone-SDA
This is the conclusion of the study“Embracing the GenAI Opportunity” published by PwC on Monday. According to the study, GenAI offers Switzerland the greatest potential for economic growth of the 20 countries examined. GenAI refers to all forms of artificial intelligence that can analyse and recreate content of all kinds, such as text, images, or sound.
One of the reasons given for the growth potential is that the technology and software sector as well as media, pharmaceutical and financial companies are likely to be among the biggest beneficiaries of the new technology.“In Switzerland, these sectors are particularly well represented compared to less AI-savvy countries such as Germany or France,” it says.
More More Can WEF break the impasse on global governance of AI?
This content was published on Jan 14, 2024 Governments are calling for trustworthy artificial intelligence (AI) but lack global rules. Can there be a breakthrough in Davos?
Read more: Can WEF break the impasse on global governance of AI?
In a“best-case scenario”, the technology therefore has the potential to increase Switzerland's gross domestic product by up to CHF50 billion ($56 billion) by 2030. However, the extent to which individual economies actually benefit from GenAI also depends largely on the framework conditions in the respective country.
Adapted from German by DeepL/dkk/amva
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look
here ,
and if you have feedback on this news story please write to
... .
External Content Your subscription could not be saved. Please try again. Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you. Daily news
Get the most important news from Switzerland in your inbox.
Daily
Email
The SBC Privacy Policy provides additional information on how your data is processed.
I consent to the use of my data for the SWI swissinfo newsletter.
Articles in this story
Can WEF break the impasse on global governance of AI?
In compliance with the JTI standards
More: SWI swissinfo certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at ... .
Read more More How will AI shape our future cities?
This content was published on Feb 29, 2024 More and more cities are now using“digital twins” to visualise and plan the urban experience of tomorrow. Swiss researchers are helping to source the data for these visions.
Read more: How will AI shape our future cities?
MENAFN05032024000210011054ID1107935297
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.