Switzerland leads in GenAI growth potential, PwC analysis finds
One of the reasons given for the growth potential is that the technology and software sector as well as media, pharmaceutical and financial companies are likely to be among the biggest beneficiaries of the new technology.
KEYSTONE
Switzerland has the highest growth potential in the field of generative artificial intelligence (GenAI) among 20 industrialised countries, according to an analysis by consulting firm PwC. In the best-case scenario, the sector could drive an increase in gross domestic product by tens of billions.
This content was published on
2 minutes
Keystone-SDA
Русский
ru
Швейцария обладает значительным потенциалом в области GenAI
This is the conclusion of the study “Embracing the GenAI Opportunity” published by PwC on Monday. According to the study, GenAI offers Switzerland the greatest potential for economic growth of the 20 countries examined. GenAI refers to all forms of artificial intelligence that can analyse and recreate content of all kinds, such as text, images, or sound.
One of the reasons given for the growth potential is that the technology and software sector as well as media, pharmaceutical and financial companies are likely to be among the biggest beneficiaries of the new technology. “In Switzerland, these sectors are particularly well represented compared to less AI-savvy countries such as Germany or France,” it says.
More
More
Can WEF break the impasse on global governance of AI?
This content was published on
Governments are calling for trustworthy artificial intelligence (AI) but lack global rules. Can there be a breakthrough in Davos?
In a “best-case scenario”, the technology therefore has the potential to increase Switzerland’s gross domestic product by up to CHF50 billion ($56 billion) by 2030. However, the extent to which individual economies actually benefit from GenAI also depends largely on the framework conditions in the respective country.
Adapted from German by DeepL/dkk/amva
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Swiss Politics
Swiss reject plans for bigger motorways and extra rights for landlords
Should raw milk sales be banned or should consumers decide?
Swiss food regulations do not allow raw milk to be sold for direct consumption. However, a loophole allows 400 raw milk vending machines to do just that.
Should Switzerland take measures to support its struggling industries?
Industrial policies are back in fashion, not only in the United States but also in the EU. Should Switzerland, where various industries are struggling, draw inspiration from such policies?
This content was published on
Swiss Black Friday revenues failed to live up to retail expectations. But sales throughout the week proved more successful.
This content was published on
The Swiss army will have CH 530 million more than expected for armaments investments after a parliamentary chamber approved the increase.
This content was published on
Swiss citizens could have access to an e-ID from 2026 as parliament has agreed to the idea in principle despite still having to iron out some minor issues.
Switzerland mulls S status restrictions for Ukrainian refugees
This content was published on
Switzerland’s parliament wants in future to restrict the issuance of Ukrainian S permits to refugees fleeing parts of the war-torn country.
Solar energy covers 11% of Switzerland’s electricity needs
This content was published on
Solar power covers eleven percent of the electricity demand in Switzerland. The industry's turnover for the current year is around CHF 3.7 billion, as shown by the first ever publication of the Swiss Solar Monitor.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
How will AI shape our future cities?
This content was published on
More and more cities are now using “digital twins” to visualise and plan the urban experience of tomorrow. Swiss researchers are helping to source the data for these visions.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.