The Future of AI: Transforming Industries, Jobs, and the Economy

Morgan Stanley predicts that artificial intelligence (AI) will have a $4.1 trillion economic impact on the labor force, affecting about 44% of jobs, within the next few years. This will be driven by changes in input costs, task automation, and shifts in how companies obtain and analyze information. The adoption of generative AI in enterprise workloads could create a $150 billion global spending opportunity, while software vendors could capture 5% of the $4.1 trillion labor effect, equivalent to a $205 billion addressable market over the next three years.