The Bay Area is recognized as a leading center for the burgeoning artificial intelligence industry, with projections indicating that AI could contribute nearly $20 trillion to the global economy by 2030. Significant investments from government bodies, such as San Jose's GovAI Coalition, seek to leverage AI for enhancing public services. Simultaneously, the conversational AI sector is anticipated to grow over 20% annually, with companies like Conversica at the forefront. Founded in 2007, Conversica has transitioned from automotive sales to serve various sectors, emphasizing its remarkable AI capabilities that closely mimic human cognitive functions.
Conversica CEO Jim Kaskade emphasizes that AI is rapidly evolving, significantly impacting multiple industries and transforming traditional business operations into more efficient, automated processes.
AI is projected to add nearly $20 trillion to the global economy by 2030, representing a 3.5% increase in global GDP, showcasing its immense market potential.
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