Artificial Intelligence will be used in 70pc of businesses by 2030: McKinsey - Stockhead

Artificial intelligence has the potential to deliver global economic activity of about $13 trillion by 2030, a new report says -- giving investors in ASX-listed AI stocks a reason to smile. 'Notes from the frontier: Modeling the impact of AI on the world economy' is a new report from McKinsey & Company look at the future impact AI will have on our lives and the way we do business. It finds that AI has a huge potential to contribute to global economic activity (while warning that adoption of AI could widen gaps among countries, companies and workers). McKinsey estimates that by 2030 some 70 per cent of companies might have adopted at least one type of AI technology somewhere in their business. That's good news for the 30 or so ASX stocks who have some form of exposure to the technology, whether it be futuristic computer chips, makers of AI apps or companies leveraging AI to improve efficiency.