Mass adoption of AI can aid Brazil's economic recovery, study says

The Brazilian economy could benefit from a boost of up to 4.2% within the next decade if companies and governments promote large-scale adoption of artificial intelligence, according to a new study by consulting firm FrontierView commissioned by Microsoft. The potential of GDP increase of more than four percentage points is the most optimistic scenario set out in the reseach, whereby AI use goes beyond automation and is used to create highly skills jobs, drive productivity and economic growth. Even in the most conservative scenario, where the technology is minimally used and only for automation, Brazil could see a 1.8% GDP boost, according to the research. Both scenarios assume that Brazil will adopt all the AI features currently available until 2030. "Our research has found that artificial intelligence can be a driver of Brazil's economic recovery after the Covid-19 pandemic. With the right strategies and investments, the country can increase its economic growth and increase the productivity of the population", said research director for Latin America at FrontierView, Pablo Gonzalez Alonso.