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Africa: Artificial Intelligence to Contribute $1.2 Trillion to Africa's Economy

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Microsoft has projected that Artificial Intelligence (AI) will add about $1.2 trillion to Africa's economy by the year 2030.

Microsoft has projected that Artificial Intelligence will add about $1.2 trillion to Africa's economy by the year 2030.

A Commercial Lawyer with Microsoft Africa, Theo Watson, made the projections in his presentation,"AI Opportunity in Africa" at the African AI Journalists Academy held virtually. Watson, however, emphasised the need for responsible regulation of AI to accelerate its opportunities and reap its benefits.

Also speaking during the webinar, Akua Gyekye, Government Affairs Director, Microsoft Africa, said the world was changing and industries are transforming rapidly and drivers of economic growth are evolving.

 

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