AI 'could add CHF85 billion to Swiss economy'

Artificial intelligence (AI) has the potential to significantly increase Switzerland's economic output, according to a study presented at the World Economic Forum (WEF) in Davos. + Get the most important news from Switzerland in your inbox The research - carried out by the consulting firm Implement Consulting Group and commissioned by the American IT giant Google as well as Digitalswitzerland, an organisation promoting the digitisation of the country, estimates that the widespread adoption of AI could lead to an 11% increase in Swiss gross domestic product (GDP) within a decade, equivalent to CHF80-85 billion. + Read how US heavyweights are boosting the Swiss AI scene The analysis focuses on the specific contribution in research and development (R&D) processes, where AI could increase efficiency by 10-20%, with a potential of CHF15 billion per year by 2034. The opportunities lie in three key dimensions: the first is the use of AI to accelerate innovation in scientific and ...