AI adoption could boost Canadas GDP to $3.65 trillion by 2035, PwC study estimates

Image for article AI adoption could boost Canadas GDP to $3.65 trillion by 2035, PwC study estimates
News Source : Financial Post

News Summary

  • A PwC Canada report exploring ways to unlock economic growth forecasts that with swift action to close the AI adoption gap, Canada’s GDP could reach as much as $3.65 trillion by the end of the next decade.
  • The report, released Wednesday, lists 2023 Canadian GDP at $2.89 trillion.
  • The least optimistic forecast, which assumes geopolitical tensions hinder global efforts to collaborate and mistrust in technology slows its use, pegs GDP growth at 2.1 per cent above baseline.
Corporations will have to collaborate across industries and likely pivot to serve adjacent markets or compete in completely new sectors similar to the paths larger companies have taken, such as by mo [+3221 chars]

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