'As the technology improves, its primary benefits will include higher productivity, as companies increasingly turn to GAI for content creation, software development, marketing and sales and customer service,' Hyzy says. These capabilities will cut across industries and will benefit consumers as well as companies, he adds. Global revenue associated with AI software, hardware, service and sales will likely grow at 19% per year, reaching $900 billion by 2026, compared with $318 billion in 2020. According to some estimates, AI will contribute more than $15 trillion to the global economy by 2030. 'Funding for AI development is pouring in from corporate and individual investors, as well as governments,' Israel adds.