Artificial intelligence promises to boost profits across industries, says Accenture ZDNet

Artificial intelligence can boost corporate profits by 38 percent by 2035, according to an Accenture report that gauges AI's economic impact across various industries. The report noted that AI could boost gross value added across 16 industries in 12 economies by about $14 trillion. Accenture's research team developed the report with Frontier Economics. When AI is integrated into the economy, growth rates can grow about 1.7 percent higher than the baseline. By industry, information and communication will get an AI growth rate boost of 4.8 percent by 2035, followed by manufacturing at 4.4 percent and financial services at 4.3 percent.