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Artificial Intelligence Alone Can Add $500 Billion to The Economy: Google India

The economy totally changed during the pandemic situation. There is no part of the economy that did not suffer due to the pandemic, the same case arises for Google as well. While the markets fell during the pandemic, but Google’s market kept increasing with everything going online over the world, but moreover in India, because many of the uneducated biased mindset of the individuals that did not have the purpose to do everything online, also started moving toward the online tools and suite.

Google India on Thursday said due to the high growth and demand of data due to the pandemic, Artificial Intelligence alone can 500 billion USD to the economy, and assist in the better forecast of floods and accurate diagnosis of disease.

The senior company official said by 2022, UPI transactions will reach the one-billion-a-day mark from around a billion per month at present.

“The COVID-19 pandemic has prompted us to use every tool at our disposal to address the challenges and opportunities before us”

Sanjay Gupta,Google India Manager&VP, said at the ‘ABP Infocom-The Next Normal’

Google has recently picked up a 7.73 percent stake in Reliance Industries Limited’s digital subsidiary, Jio Platforms Limited. The two companies have even proposed to come up with a new entry-level affordable smartphone in the market.

Gupta even said that during the pandemic, the average data consumption increased from 8GB per month to 14GB per month. He added to the statement that in 2014, the average consumption was just 86MB per month.

“The company has committed to providing 10 billion USD for expanding India’s digital footprint”, a top official stated.

Read More: Laser-Based Hacking from Afar Goes Beyond Amazon Alexa

Debasish Khan

A fresh blogger who wants to portray out his knowledge , loves technology and innovation.

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