Insights

Video: How AI Could Impact the Economy

May, 2024

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.

Although it’s hard to say how AI is going to change the economy, it’s certainly stirring up questions for investors. With recent advancements in AI, there’s been a lot of headlines lately about the potential impact. In this video from our strategic partner Buckingham, our colleague and Chief Investment Officer Kevin Grogan shares his views on the opportunities and challenges as well as implications for investors.

 

For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based upon third party data which may become outdated or otherwise superseded without notice. Third party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this article.