That is a very big one: “Microsoft, the global tech giant, has projected that Artificial Intelligence (AI) could inject a staggering $1.2 trillion into Africa’s economy by the year 2030. This projection is part of a broader estimate of $15.7 trillion as the potential contribution of AI to the global economy by the same year.”
Huhh. In 2023, the estimated GDP of Africa was $3.1 trillion, and $8.86 trillion at PPP. In 2022, Nigeria had the highest GDP in Africa at $477.4 billion, followed by South Africa at $405.7 billion, Egypt, Algeria, and Morocco. In 2022, the GDP per capita in Africa was $2,150.60, the highest value since 2015.
Simply, AI could add close to 40% more on Africa’s GDP in mere 6 years. If that should be the case, every local government, state, etc should develop an AI-centric developmental playbook.
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But I doubt that, considering that AI needs electricity, broadband internet, and other things you cannot leapfrog, to work, and deliver productive value.
Microsoft Forecasts $1.2 Trillion AI Boost for Africa’s Economy by 2030
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