AI Technology Predicted to Boost S&P 500 Market Value Significantly

According to PANews, a recent report by Morgan Stanley suggests that advancements in AI technology could potentially increase the market value of the S&P 500 by $13 to $16 trillion, with a maximum growth rate of 29%. The development of autonomous decision-making AI and humanoid robots is expected to enhance productivity and impact 90% of existing jobs, necessitating a shift or upgrade in workforce skills. Industries such as consumer goods, retail, real estate, and transportation are anticipated to benefit the most from these technological advancements.