Is #Artificiallnteligence an economic hoax?

How much is artificial intelligence contributing to GDP growth? You know that we are all talking about artificial intelligence, that artificial intelligence is the future.

But, how much is it really contributing to GDP? Initially, we are finding that the first estimates suggest that artificial intelligence may currently represent around 0.4-0.5% of the #GDP of the United States. Logically, in other countries, the contribution will be lower.

Now, whether we are in favor or against artificial intelligence, whether we believe in it or not, I believe that artificial intelligence is necessary for governments to guarantee national defense. Additionally, artificial intelligence is logical for automating a series of labor tasks. How much could it be? 10 to 25% of all labor tasks?

Therefore, artificial intelligence will drive economic growth. When will we notice it in the GDP? When will it have a greater percentage of the global GDP? Well, not before the year 2026, because first, all the necessary infrastructures must be developed for companies to incorporate artificial intelligence into their production processes.

Speaking of infrastructure, governments and also the private sector will have to invest in infrastructure. In this specific case, public investment is more necessary than ever. But this public investment is a productive investment that will generate tax revenues for governments.

Will these tax revenues be enough to reduce the enormous public deficits? Well, obviously not. Because on one hand, there is productive investment and, with these higher tax revenues that governments will have, politicians will try to spend them to secure their power.

However, the widespread adoption and integration of AI technologies could significantly influence the crypto market. As AI drives automation and economic growth, it may also enhance the efficiency and security of blockchain technologies, making crypto like $BTC and $ETH more reliable and widely accepted.

That's all for today, have a great day. 🤖