Taking a page from AI optimists, Pham likened the boom to the discovery of electricity, rather than just another novel app or service. As various industries find more uses for AI, more products and companies will spawn to support each ecosystem, he theorized — similar to the pattern seen in the advent of cloud computing and smartphones.
Citing PricewaterhouseCoopers projections about how much the industry will add to the country’s gross domestic product, Pham’s team estimates that AI…
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