
AI Will Have Big Effect on US Economy by 2027, Goldman Says
The American artificial intelligence industry is far ahead of the rest of the world, it notes, and you don’t have to worry about Skynet from “The Terminator.”
The American artificial intelligence industry is far ahead of the rest of the world, it notes, and you don’t have to worry about Skynet from “The Terminator.”
In 2035, emerging markets will gain a slight edge, and they will have a clear lead by 2050: 47% to 27% of global capitalization.
Artificial intelligence-fueled productivity should expand margins by 4 percentage points, the firm projects, but it won’t happen right away.
There will also be a job-loss toll, but, as in previous technology leaps, many displaced workers will fit into newly created positions, the firm’s study says.
Maintaining a position just short of a recession is almost impossible to do, the research shop says.
Many U.S. and other nations’ companies are thinking about transferring elsewhere. Easier said than done. Investors could be collateral damage.
They are worried about the pandemic, GDP, inflation and Ukraine, he finds.
Natixis’ Lavorgna sketches out how higher prices shrinks consumers’ income—and imperil the economy.
Corporate profits are falling back to a more normal pace (absent some nightmare scenario intruding).