The world currently seems to have entered the artificial intelligence (AI) era which future generations may one day refer to as before AI and after AI.
What Do The Experts Say? Goldman Sachs (GS) Research estimated AI investment is likely to peak at $200 billion globally by 2025 and $100 billion in the U.S.
GS Research economists Joseph Briggs and Devesh Kodnani believed the majority of AI investments will originate from hardware investment to train AI models and run AI queries, as well as increased spending on AI-enabled software.
If these projections come true, AI-related investment could surge to as high as 2.5% to 4% of GDP in the U.S. and 1.5% to 2.5% of GDP in other major AI leaders.
“Since many of these early winners are very large companies, the concentration of returns in the equity market this year has been extraordinarily high,” GS Research Global Equity Strategist ...