Trust in the potential of AI continues to be strong despite that investors are getting impatient asking for proof of AI’s profitability. Investments in AI solutions and services will have a global cumulative impact of $22.3 trillion by 2030, representing approximately 3.7% of the global Gross Domestic Product (GDP), according to a new forecast by market research firm International Data Corporation (IDC).
And to ensure that the next generation of business leaders understand the benefits of AI, the London School of Economics (LSE) announced a partnership with Anthropic to provide all LSE students with access to its ‘Claude’ AI technology.
“Organisations around the world are signalling a growing commitment to AI investment — particularly in building structured, regional AI hubs and factories designed to boost competitiveness and accelerate technology adoption,” says Carla La Croce, research manager at IDC.
“Continuous business innovation through the use of AI, accelerated by growing use of AI Agents, are driving greater direct investments in infrastructure and software as well as generating substantial indirect spending across the technology delivery supply chain,” says Rick Villars, group vice president at IDC.
“Large cloud service providers are investing heavily in infrastructure, reflecting the growing importance of complex AI ecosystems that support regional competitiveness and business expansion.”
Highlights in IDC’s forecast:
- Economic Impact: Every new dollar spent on AI solutions and services by adopters is expected to generate an additional $4.9 in the global economy, underscoring the significant multiplier productivity and business acceleration effect of AI investments in the coming years.
- Global Initiatives: Large-scale investments in AI infrastructure are underway, including the Stargate project in the U.S., the EU InvestAI initiative, and France’s AI compute projects. These and other, similar initiatives to establish AI hubs and factories will foster innovation and competitiveness.
- Industry Benefits: AI is enhancing operational efficiency, increasing productivity, and opening new revenue streams across various sectors. Its ability to automate routine tasks allows for the reallocation of resources to more strategic and creative endeavors.
LSE’s agreement with Anthropic means that from May, LSE students will have free access to Anthropic’s ‘Claude for Education’.
The university stresses that this will help to advance critical discussions about the responsible development of AI in education.
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