December 10, 2023

An artificial intelligence sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023.

Aly Song | Reuters

The growth of artificial intelligence soon could have some big implications for the labor market, according to Morgan Stanley.

Analyst Brian Nowak estimates that the AI technology will have a $4.1 trillion economic effect on the labor force — or affect about 44% of labor — over the next few years by changing input costs, automating tasks and shifting the ways companies obtain, process and analyze information. Today, Morgan Stanley pegs the AI effect at $2.1 trillion, affecting 25% of labor.

“We see generative AI expanding the scope of business processes that can be automated,” he wrote in a Sunday note. “At the same time, the input costs supporting GenAI functionality are rapidly falling, enabling a strongly expansionary impact to software production. As a result, Generative AI is set to impact the labor markets, expand the enterprise software TAM, and drive incremental spend for Public Cloud services.”

The projections from Morgan Stanley come amid a stellar run for AI-related stocks in 2023. While some related technology stocks have pulled back in recent weeks, many investors remain bullish on the outlook for the sector over the long run.

Morgan Stanley sees some positive tailwinds for software companies as a result of AI adoption, estimating that software vendors could scoop up 5% of the $4.1 trillion labor effect, or a total addressable market of $205 billion over the next three years.

Should generative AI adoption among enterprise workloads hit 20% over the next three years, it poses a $150 billion global enterprise spending opportunity, Morgan Stanley projects.

“AI capabilities, software take rates, and enterprise adoption are the key variables that impact our spending forecast,” Nowak said.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Batman138 Bro138 Dolar138 Gas138 Gudang138 Hoki99 Ligaciputra Panen77 Zeus138 Kilat77 Planet88 Gaspol168 Sikat88 Rupiah138 Garuda138 Gacor77 Roma77 Sensa138 Panen138 Slot138 Gaco88 Elanggame Candy99 Cair77 Max7 Best188 Space77 Sky77 Luxury777 Maxwin138 Bosswin168 Cocol88 Slot5000 Babe138 Luxury138 Jet77 Bonanza138 Bos88 Aquaslot Taktik88 Lord88 Indobet Slot69 Paus138 Tiktok88 Panengg Bingo4d Stars77 77dragon Warung168 Receh88 Online138 Tambang88 Asia77 Klik4d Bdslot88 Gajah138 Bigwin138 Markas138 Yuk69 Emas168 Key4d Harta138  Gopek178 Imbaslot Imbajp Deluna4d Luxury333 Pentaslot Luxury111 Cair77 Gboslot Pandora188 Olxtoto Slotvip Eslot Kuy138 Imbagacor Bimabet