In a recent post on social media, Bitcoin evangelist Michael Saylor has stated that artificial intelligence (AI) is going to create "enormous amounts of wealth," echoing the prediction made by entrepreneur Anthony Pompliano during a recent CNBC interview.
Bitcoin evangelist Michael Saylor recently took to X social media to highlight the promising role of artificial intelligence (AI) in creating "enormous amounts of wealth." This statement aligns with the prediction made by entrepreneur Anthony Pompliano during a recent CNBC interview, where he discussed the potential of AI to boost the economy.
A recent report by accounting giant PwC suggests that AI could contribute a significant $15.7 trillion to the global economy by 2030. Products enhanced by this technology are expected to substantially increase consumer demand.
As reported earlier by U.Today, GPU maker Nvidia, which currently dominates the AI chip market, recently became the world's number one company, surpassing tech giants like Microsoft and Apple.
In other news, Amazon is reportedly preparing to enter the AI race with a "ChatGPT killer" named "Metis," which will directly compete with ChatGPT. According to Business Insider, the chatbot will be powered by Amazon's own AI model, Olympus.
Amazon's chatbot is expected to stand out among competing products by offering up-to-date responses, a capability that ChatGPT currently lacks.
Both Saylor and Pompliano believe that Bitcoin will play a crucial role in protecting the additional wealth generated by AI. During the interview, Pompliano predicted that the US GDP will increase as a result of AI's productivity, which he anticipates will be "a huge tailwind" for the next decade.
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