The technology giant, Microsoft has projected that Artificial Intelligence (AI) could contribute up to $15.7 trillion to the global economy by 2030.
A lawyer with Microsoft Africa, Theo Watson, made this known in his presentation, “AI Opportunity in Africa” at the African AI Journalists Academy via Microsoft Team.
Watson said $1.2 trillion of that amount could be generated in Africa, potentially representing a 5.6 percent increase in the continent’s GDP by 2030.
Watson, however, emphasized the need for responsible regulation of Artificial Intelligence (AI) to accelerate its opportunities and reap its benefits.
“Responsible and sustainable innovation will ensure that AI progress aligns with the needs that define Africa’s vastly diverse cultures,” he said.
“This involves a deep engagement with the continent’s unique challenges, recognizing their complexity, and prioritizing those that AI can help solve.”
