With so much investor interest in AI, Microsoft CEO Satya Nadella addressed the question directly from a top-down perspective at the company’s recent Inspire 2023 partner conference.
He was quoted: “If you look at the data that’s coming out, this is probably going to be the most profound shift as a percentage impact on GDP of technology, something like 10%. There will be additional GDP growth. If we have an economy that’s around 100 trillion, we may have 7 to 10 trillion more of GDP growth, driven by this next generation of AI technology.
That translates as a percentage of GDP growth into a massive partner opportunity. Look, we are already, as an ecosystem, participating in a $4 trillion opportunity. That could, in fact, grow by another 50%. That means approximately 2 to $2.5 trillion of additional TAM is going to be addressable by all the innovation across our partner ecosystem. There’s no question the opportunity is tremendous”.
Microsoft, a holding across the Goodbody Dividend Income (GDI) suite and the Global Leaders Funds, has seen its stock price rise 37% in euro terms YTD (28/07/23).
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