AI’s Economic Ripple Effect: How Four Phases of Adoption May Shape Industries and Markets
By Gene Balas, CFA®
Investment Strategist
We can think of the adoption of artificial intelligence (AI) into four phases, and these four phases weave together a variety of industries, transforming the fabric of the global economy. Each phase of AI adoption not only marks a step forward in technological integration but also highlights the sectors primed to benefit from these advancements. The journey of AI adoption across industries, as delineated in the “Next Phases of the AI Trade,” by Goldman Sachs (published April 16th, 2024), illustrates a transformative path from foundational technologies to broad economic impacts.
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