Google Canada Economic Impact Report explores how AI could boost the Canadian economy by $210 billion

Today, an Economic Impact Report was released, revealing that Google Search, Google Play, YouTube, Google Cloud and Google Advertising tools delivered over $45 billion of economic activity for Canadian businesses, non-profits, publishers, creators and developers in 2022.

The report, published by Public First, also offers a future-looking perspective on how AI-powered technologies are set to provide the country with an economic boost, whether that’s helping people to work more efficiently, making careers more accessible or unlocking new ways of learning digital skills. Some of the report’s key findings include:

  • Generative AI has the potential to increase Canada’s economy by $210 billion –  that’s the equivalent of 8% of Gross Value Added (GVA)
  • Generative AI could save the average Canadian worker over 100 hours a year
  • It’s estimated that Google Cloud is saving 120 million business hours for the Canadian economy each year – that’s equivalent to at least $7.5 billion a year in business time savings for the Canadian economy.

 Google’s blog post has more information about today’s announcement and you can read the full report here

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