Generative AI has the potential to create an enormous amount of value for businesses, potentially as much as 2.6 to 4.4 trillion USD annually. This value can be seen in four primary areas: marketing and sales, software development, customer operations, and R&D.

Generative AI has the potential to automate around 30% of hours worked in countries like Germany and the United States by 2030. This can have significant implications for the labor force, including the potential for increased unemployment and the need for retraining.

The need for increased productivity is critical, as half of economic growth in the past half century has come from increased population and the other half from increased productivity. Deploying technologies like generative AI can help increase productivity and create economic growth.