Posted 1/8/2024, 5:16:00 PM
AI and Green Tech Drive New Era of Economic Growth
- The global economy is entering a new "super cycle" of growth driven by AI and decarbonization
- This marks a shift from previous super cycles since the 1980s which were driven by falling interest rates, globalization, and reduced geopolitical risks
- AI has momentum and its spillover effects will improve productivity, spurring a new period of economic expansion
- Decarbonization efforts to address climate change will also fuel growth through infrastructure updates and modernization
- Tech companies at the center of the AI boom look relatively inexpensive compared to previous tech bubbles, so there is room for this trend to continue