How AI Could Change the Economy

Advances in artificial intelligence are leading to a lot of conversations about how AI might transform the economy. While there are different estimates, Goldman Sachs projects that AI will start to boost U.S. GDP by 1.5% annually over the next 10 years.

In this episode of Buckingham Perspectives, Chief Investment Officer Kevin Grogan highlights the opportunities and challenges of the technology, as well as the investment implications. While AI has the potential to boost productivity and profitability across multiple sectors, it also raises questions about job displacement and regulation of the tools. Because it’s difficult to predict which industries will outperform in the future or how policymaking related to AI will unfold, we recommend staying diversified across sectors. 

Discover the Freedom that True Wealth Management Brings
Browse News by Category
Latest News