UNCTAD: Artificial Intelligence Will Become the Most Dominant Frontier Technology by 2033

Jinse Finance reported that the United Nations Conference on Trade and Development (UNCTAD) released a report on the 19th stating that by 2033, the global artificial intelligence (AI) market size is expected to reach 4.8 trillion US dollars, with its share among frontier technologies rising significantly, making it the most dominant key technology sector. In contrast, the market share changes of technologies such as the Internet of Things, blockchain, electric vehicles, and solar photovoltaics are relatively limited. The report also warns that the rapid development of AI is mainly concentrated in a few major economies and large enterprises, which may exacerbate development imbalances between countries and companies. It calls for strategic investment and a more inclusive global governance mechanism to promote broader sharing of the achievements of artificial intelligence development.