AI Could Boost Global Trade by Nearly 40% in 15 Years

Artificial intelligence (AI) technology could increase the size of global financial transactions—or world trade—by up to 40% by 2040, according to a recent report by the World Trade Organization (WTO). The WTO stated that over the next 15 years, AI is expected to reduce business operating costs and boost productivity. As a result, trade in goods and services between countries could grow by around 34–37%.