人工智能与经济转型.docxVIP

May27,2026

AlandtheEconomicTransition

May27,2026

2MAY27,2026

2

Almattersforouroutlookoninvestmentspending,labormarketsandproductivitygrowth

·Al-relatedcapexshouldcontinuetodriveoverallgrowth,supportedbysustainedhyperscaler

spending-whichshouldexceed$1tnin2027-andtheongoingbuildoutofcomputeandpowercapacity.Al-relatedspendingwillremainthedominantdriverwithinbusinessspending.

·Productivitygainsarelikely.AI,likepriorgeneral-purposetechnologies,shouldraiseoutputperworker,particularlywithorganizationalchange.

·Al-exposedindustr