Suryaa Now International Desk: Surya Technology & Global Economy Bureau, New York: Artificial intelligence is revolutionizing the global economy, generating 2.52 trillion dollars annually... Surya Technology & Global Economy Bureau, New York: Artificial intelligence has the potential to revolutionize the global economy and create an additional economic value of USD 2.52 trillion (roughly Rs. 210 lakh crore) annually, according to a latest international study report. However, the huge increase in operating costs like infrastructure, data centers and computing power consumption is becoming a major challenge for this growth, it said. The report has made it clear that even if AI implementation costs increase by just 30 percent, there is a risk of wiping out about 850 billion dollars (over Rs.
70 lakh crore) in economic benefit globally. Productivity Boost – A Big Boost for Skilled Professionals: The report analyzes that AI is not limited to automating low-paid routine jobs, but can also drastically increase the productivity of highly skilled professionals. It concludes that AI-based activities can generate significant economic value, especially in healthcare, legal services, IT sectors, management and financial services. Explained. Rising costs Uncertainty about return on investment: Parallel to the expansion of AI technology, the development and maintenance costs are becoming a concern for tech companies.
The cost of purchasing high-end processors, state-of-the-art chips and servers, along with the huge increase in the cost of electricity required for the management of data centers, are turning the company's budget upside down. In this context, companies should not just go for technical hype, but carefully assess whether the financial return for the investment is really getting or not. Experts suggest. He warned that if businesses don't control their costs and design operations, the burdens to be borne by AI will outweigh the benefits.