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Artificial intelligence use in economy leading to growing GDP in CIS

"Provided that artificial intelligence technologies are rolled out proactively, GDP of CIS countries will go in total by $53.6 bln in 2030 in nominal value, which corresponds to 5.9% of total GDP of CIS nations in 2030," First Deputy CEO of Sberbank Alexander Vedyakhin said, cited by the bank’s press service

ST. PETERSBURG, June 6. /TASS/. Proactive implementation of artificial intelligence (AI) technologies in the economy will lead to the rise of GDP of CIS countries by $53.6 bln in total by 2030, First Deputy CEO of Sberbank Alexander Vedyakhin said at the St. Petersburg International Economic Forum (SPIEF).

"Provided that artificial intelligence technologies are rolled out proactively, GDP of CIS countries will go in total by $53.6 bln in 2030 in nominal value, which corresponds to 5.9% of total GDP of CIS nations in 2030," Vedyakhin said, cited by the bank’s press service.

The effect from implementing such technologies will be different for each CIS member-country, because several factors influence the expected value of incremental growth of GDP, including the current level of digital development and use of such technologies, along with the pace and the scale of AI rollout in the economy, he added.