The AI industry has grown consistently in the past five years. Tech giants across the globe have leveraged a huge segment of their business over artificial intelligence<\/a>. These firms have long anticipated to generate good revenue from AI going forward. Additionally, Goldman Sachs analyst expects AI to be fruitful and efficient for firms that don\u2019t necessarily deal with technology in the next decade.<\/p>\n Goldman Sachs strategist Peter Oppenheimer in an interview with Yahoo Finance said that AI will expand its roots in non-technological sectors in the future. Peter believes that non-tech firms will begin to use these technologies to increase productivity and spur faster growth in the upcoming decade.<\/p>\n <\/p>\n Peter says that investors who typically invest in stock markets should focus less on near-term processes. He adds that investors should rather focus on important longer-term structural issues.\u00a0 Adding on to this, he says that a longer-term factor could be the impact of AI and how different firms generate money out of it. However, he also warns about artificial intelligence\u2019s negative prospects. Peter adds that AI will result in some job displacement with a greater goal of boosting productivity.<\/p>\n According to a new analysis<\/a> by Bloomberg Intelligence, the generative AI market is expected to develop rapidly, reaching $1.3 trillion over the next 10 years from a market size of around $40 billion in 2022. This is likely because of the entry of consumer generative AI programs like Google\u2019s Bard and OpenAI\u2019s ChatGPT.<\/p>\n <\/p>\n This year is going to mark a change shift in the realm of financial markets. With major elections scheduled across the globe, the global trade and economic markets are still hanging in the middle to see what the outcome of the voting across the world is going to be.<\/p>\n <\/p>\n Peter in the same interview says that equity markets currently are not facing severe volatility. But the backdrop of the upcoming U.S. elections will make the market more volatile in the future.<\/p>\n <\/p>\n Peter also pointed out that global trade is undergoing a significant shift. The environment is now less focused on the expansion of world trade. Rather economies across the world are prioritizing domestic trade and self-production. In such a context, domestic productivity is going to be an important measure for various economies in the future.<\/p>\n\u00a0AI to boost productivity for non-tech firms<\/h2>\n
U.S. elections to make stocks volatile in upcoming months<\/h2>\n
Continued growth of AI<\/h2>\n
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