- 1 Dec 2023 7:41 AM
- Hungary Matters
AI is estimated to boost GDP globally by 1 trillion dollars, and businesses that invest in it are seeing significant jumps in revenue, Gergely Fábián told the MBH business conference in Budapest.
Fábián said AI improved operational efficiency, reduced risks and transformed production chains from trade to agriculture and industry.
AI, he added, was also changing the labour market as it replaces hundreds of millions of jobs with higher value-added ones.